Hutchison to invite COSCO to the party?

Date: July 28, 2025 By admin Categories: Uncategorized No comments

CK Hutchison – the owner of Hutchison Ports – has made the following Stock Exchange announcement today (28th July 2025)

“This announcement is made by the board of directors (the “Board”) of CK Hutchison Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities (the “Listing Rules”) on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

“The Company confirms that the period for exclusive negotiations between the Group and a consortium, as referred to in the announcement issued by the Company on 4 March 2025, has expired.

“Notwithstanding such expiry, the Group remains in discussions with members of the consortium with a view to inviting major strategic investor from the PRC to join as a significant member of the consortium.  Changes to the membership of the consortium and the structure of the transaction (the “New Arrangements”) will be needed for the transaction to be capable of being approved by all relevant authorities.  The Group intends to allow such time as is required for such discussions to achieve the New Arrangements.

“The Company has stated on several occasions that it will not proceed with any transaction that does not have the approval of all relevant authorities (please refer to earlier communications of the Company).”

The original consortium comprised of BlackRock and TiL (the terminals business of MSC). It is being rumoured that the “major strategic investor from the PRC” is COSCO. Of course, COSCO itself, like MSC, is already a major terminal operator, both in China and elsewhere

JAS signs SPA to acquire Pentagon Freight Services

Date: July 28, 2025 By admin Categories: Uncategorized No comments

JAS and Pentagon Freight Services have announced the signing of a Share Purchase Agreement (SPA). This agreement represents a key step toward JAS’s planned acquisition of Pentagon, which is expected to close in the second half of 2025, subject to regulatory approval.

“The Pentagon acquisition perfectly complements JAS’s strategic goals, significantly increasing our ability to offer highly specialized logistics solutions for the oil and gas, marine, construction, and energy industries. We are looking forward to finalizing this acquisition to welcome Pentagon team members into the JAS family,” said Marco Rebuffi, President and CEO of JAS.

“We are confident that JAS is the right company to expand our global network and achieve our growth ambitions. Our goal is to leverage our experience and continue to offer dedicated logistics solutions to our industry-leading clients. We look forward to growing stronger together with JAS,” said Ashley Taylor, Group CEO of Pentagon.

Pentagon, headquartered in the UK, is a trusted provider of specialized freight forwarding, project logistics, and critical supply chain solutions for the oil and gas, energy, marine, and construction industries. With over 1,200+ employees in 65 offices around the world, Pentagon’s deep expertise and global reach will further enhance JAS’s ability to deliver tailored, industry-specific solutions. This acquisition will strengthen JAS’s position in these critical sectors, ensuring seamless and high-quality service that keeps complex customer operations moving across the globe.

Together, JAS and Pentagon will unlock new opportunities and deliver even greater value to customers by combining an expanded global network with a comprehensive portfolio of leading logistics solutions.

GXO and Huel celebrate six years of growth

Date: July 30, 2025 By admin Categories: Uncategorized No comments

GXO Logistics has announced it is evolving its partnership with Huel, the leading producer of nutritionally complete food products, to support Huel’s rapid growth.

GXO has supported Huel’s growth trajectory and provided the space Huel needs to meet increasing demand from customers worldwide. At the outset, the operating footprint of the partnership was 9,500 square feet however as demand for Huel’s products has surged globally, GXO’s flexible warehousing solutions have enabled a rapid expansion of the operating footprint by 1,100% over the six-year partnership, now operating from 111,000 square feet of warehousing space.

GXO provides both warehousing and transportation services to Huel, enhancing efficiency through dedicated teams. GXO distributes Huel products from its warehouse in Wellingborough direct to customers through the e-commerce operation, along with supplying major UK retailers.

Huel first launched products in supermarkets in the UK in 2019, and is now available in 25,650 stores globally, more than double the 11,250 last year.

“Our partnership with Huel is six years strong,” said Martin Cooper, Managing Director of Technology and Consumer Goods at GXO.

“We’re proud to have enabled Huel to meet the rapidly growing global consumer demand that is fuelling the amazing growth of this British company. “By using the right adaptive technology to drive efficiencies of scale and monitoring sales and forward planning with the Huel team, we’ve kept pace with the company’s rapid domestic and international growth while transitioning Huel into a dedicated warehouse to continue to support their long-term growth.”

Neville Dobson, Head of Global Freight and Logistics at Huel said:

“At Huel, we are growing globally at a rapid rate, and it is essential all our logistics operations keep pace with our customer demand. Our partnership with GXO continues to strengthen and together, we’re building a resilient and scalable supply chain that will support our expansion and ensure even more Hueligans can enjoy our nutritionally complete products.”

As part of the transport operation, Huel recently purchased an electric Heavy Goods Vehicle (HGV) as it looks to enhance the environmental sustainability of its operations. The brand-new Renault truck is transporting Huel’s product from its new manufacturing plant at Milton Keynes to the GXO Wellingborough warehouse and is estimated to save 8.5 tonnes of CO2 per year.

The partnership has also seen a significant increase in the workforce dedicated to Huel’s operations. Starting with 43 colleagues in 2019, GXO has expanded its team to 120 employees, reflecting the growing scale and success of the operation. This expansion has enabled GXO to maintain high standards of service and efficiency, supporting Huel’s continued and ambitious growth.

IAG Cargo delivers strong H1 performance with revenues of €629m

Date: August 1, 2025 By admin Categories: Uncategorized No comments

IAG Cargo, the cargo division of International Airlines Group (IAG), has delivered revenues of €629 million for H1 2025 – an increase of 11.1 per cent on the same period last year.

Despite evolving market conditions, the business demonstrated resilience, with volumes up 4.5 per cent and yields 6.4 per cent higher compared to H1 2024.

 “Following the strong growth we achieved in 2024, this performance reflects the trust our customers place in IAG Cargo to deliver reliably, even as global supply chains remain under pressure,” said David Shepherd, Chief Executive Officer of IAG Cargo.

“We have continued to invest in areas that drive long-term value, improving operational performance, modernising key processes, and building a business that is more agile, predictable and responsive to customer needs.”

IAG Cargo’s transformation roadmap continues to drive strong performance, underpinned by strategic investment in digital innovation and service improvement. Recent developments include enhancements in responsiveness, optimisation of cargo flow, and strengthening capacity planning. These include real-time cargo tracking, predictive insights, enhanced self-serve functionality on its website and the integration of agile pricing systems. These initiatives are enabling faster decision-making and improved service reliability across its global network and build on the organisation’s commitment made last year to invest in greater agility, efficiency, and resilience amid shifting global dynamics.

“We are seeing real momentum from our focus on operational excellence and accelerating our digital offering,” added Mr Shepherd.

“It is enabling us to serve our customers better, drive efficiency and move at the pace the market demands.”

The Latin America – Europe routes continue to be a key growth driver for IAG Cargo, with tonnage up 19.3 per cent in the first half of 2025 compared to the same period last year. This performance reflects the strength of IAG Cargo’s network strategy and service offering, enabling the business to meet the rising demand, particularly in the perishable sector. With volumes increasing in both directions, the results reinforce IAG Cargo’s strong position across this important trade lane.

Additionally, shipments of its Critical product, designed for premium, time-sensitive goods, increased by 30.5 per cent, demonstrating IAG Cargo’s growing reputation as a partner trusted to deliver high-priority shipments quickly and reliably.

Progress continues on the Global Cargo Joint Business with Qatar Airways Cargo and MASkargo, announced earlier this year and scheduled to formally launch in late 2025, subject to regulatory approvals. The partnership is expected to unlock new routing options, increase operational efficiency, and provide enhanced connectivity across key cargo markets.

Mr Shepherd added:

“This partnership opens a world of new possibilities for our customers. By combining our networks, we will be able to offer greater routing flexibility and expanded capacity across key trade lanes connecting Asia Pacific, the Middle East, Africa, Europe, the Indian Subcontinent, and the Americas.

“It means cargo can move more efficiently and directly than before, often through routes that were not previously accessible via a single booking.”

In a further demonstration of joint commitment to global good, the partners have also pledged a combined 1,000 tonnes of cargo capacity to support the UN World Food Programme’s humanitarian operations.

Wells to leave Logistics UK

Date: August 1, 2025 By admin Categories: Uncategorized No comments

David Wells OBE, Chief Executive of business group Logistics UK will step down from his role at the end of July. Wells notified the President early in the new year of his intention to step down and a process is underway to find his replacement.

Wells who joined Logistics UK in 2009 as Finance Director, became Chief Executive in early 2015 and has made significant changes to the business group during his ten years in the role. These include an organisational rebrand, from the Freight Transport Association to Logistics UK in the summer of 2020 and the adoption of a new corporate strategy. This has seen the organisation grow its influence and authority significantly with government and other opinion makers, as well as increasing total membership numbers to an all-time high of 21,600 by spring 2025.

“David has steered the organisation smoothly through a decade of significant change, including the COVID-19 pandemic, Brexit and issues at the UK’s borders, with a calm focus that has inspired the team,” says Logistics UK President Phil Roe.

“He has the ability to engage with everyone, from the most junior member of staff to those at the highest levels of government, with empathy and enthusiasm, and has always prioritised the needs of our members above all else.

“Thanks to his stewardship, Logistics UK is now regarded as one of the country’s leading business groups and he should be proud of the legacy he leaves for his successor. On behalf of all our staff and members, I’d like to thank him for all his hard work and wish him every success in his next challenge”.

A familiar face at industry and parliamentary events, Wells received an OBE in 2022 for his services to transport and logistics.

Wells commented:

“Ten years at the helm of this fantastic organisation serving an amazing industry have flown by. At some point it is right to hand the baton to the next leader to take the organisation forward with fresh ideas and energy. I want to thank my wonderful colleagues and members for all they have done in support of our mission to see the sector recognised as the vital economic infrastructure that serves everybody, everywhere, every day. We’ve made great progress in the last ten years but there is still a great deal to do and I’m sure the next leader will enjoy and rise to the challenge.”

Supply Chain Supper Club joins forces with Hive Connect

Date: August 2, 2025 By admin Categories: Uncategorized No comments

The Supply Chain Supper Club – founded and run by Murray Gibson has taken the decision henceforth to join forces with Hive Connect

The SCSC was conceived in a pre-pandemic era when events providing in-person networking for supply chain operators and logisticians in the east of the country were very few.

Roll forward two lockdowns and the value of meeting with peers in an informal setting, whilst listening to thought provoking comments from selected speakers has proved to be very welcome by the industry as a whole – so much so that now there are more opportunities and events than ever before.

To stay ahead of the competition – and add even greater value to participants, SCSC and Hive Connect have joined forces. Not only will they provide the same informative and educational content, on subjects that are both pertinent and topical, but will do so with wider coverage, from source to consignee and everything in between.

Hive Connect events are usually held over breakfast on a midweek morning 08.00 – 10.00.  It aims to hold around six events per annum (4 x Breakfast networking and 2 x Evening).

The meetings are held at The Tudor Barn, Belstead, Ipswich IP8 3JT, and tickets are available online for each event at £35.00*.

*Excludes the ‘Hive Summer Buzz’ which is an evening event on 4th September 2025. https://www.hiveconnect.me/event-details/hive-connect-summer-buzz-sept-2025

Now VAT’s what I call customs clearance!

Date: August 4, 2025 By admin Categories: Uncategorized No comments

Jo Cloherty, senior commercial manager at Customs Support Group, asks ‘Will simplicity be the stand-out feature of 2025 European VAT changes?’

It is no secret that complex geopolitical challenges and economic uncertainties over international tariffs have made 2025 a challenging year for exporting businesses. However, new VAT developments are emerging on this side of the Atlantic and may offer an opportunity for businesses to bounce back.

New rules of engagement around simplifying complex post-Brexit rules governing VAT registration and payments for UK goods entering the EU have started to be rolled out. Under the EU’s Customs Reform Priorities, it will be easier for UK businesses to register and pay VAT without the need for a complex and costly cross-border paper chase.

The reality of Brexit has meant that VAT systems inevitably had to develop independently of each other. The EU’s modernising legislation around VAT in a Digital Age (ViDA) came into force in April and is perhaps the beginning of a new regulatory process which will reduce the burden on supply chain and tax teams.

Member states will now be allowed to report and invoice electronically through a single EU VAT registration, which also has positive longer-term implications for UK businesses trading into Europe.

ViDA is comprised of three key pillars aimed at simplifying VAT processes – digital reporting, e-invoicing and single VAT registration, which will be introduced in stages between now and 2035.

Over the next few years, it will also reform pre-existing ‘call off stock’ arrangements for return items by extending the use of a new One Stop Shop (OSS) process, a single VAT registration that will potentially enable ecommerce sellers to remove foreign VAT registrations and associated costs.

The OSS allows for declaring and paying VAT for all EU members through one electronic portal, to avoid states needing multiple VAT registrations. Under the new rules, UK businesses will be able to register in one EU jurisdiction to take advantage of the changes across the European bloc –simplifying the process and reducing a timely and costly tax administrative burden.

Other changes including the place of supply charges – where VAT payment is delayed and only imposed at the point and time of arrival – as well as the domestic reverse charges, where the supply chain buyer is responsible for the VAT rather than the seller. These too look to streamline the situation for UK businesses.

Under the current arrangement, a UK business selling both retail and wholesale into various European countries would have to register for VAT in each territory its products touch. However, under the ViDA arrangements, movement of goods into multiple territories are all covered within the OSS, meaning it will no longer be burdened by domestic VAT paperwork as its goods move across European borders.

Things will become even easier beyond 2028, when the full weight of e-invoicing and digital reporting gains traction.

As for the here and now, UK businesses exporting to the EU should look at their own systems to make sure they correctly identify the right VAT treatment for each transaction. Although simplifying the arrangements for a smoother taxation journey, the new rules do require attention to detail. There are still compliance bumps in the road which UK businesses should look out for. 

Optimising customs procedures, including the thorny issue of taxation compliance, helps businesses meet delivery deadlines, boosting customer trust, loyalty, cost-efficiency and legal compliance while enhancing logistics and partnerships.

Such changes have been signposted for several years, so there should be no surprises, but supply chains can be dynamic and need to flex with business demand. VAT awareness and compliance needs to work in the same way.

We have been advising businesses for a long time about ensuring they understand the new arrangements. Change is not a bad thing, and the new VAT arrangements are potentially positive game changers to be welcomed, rather than viewed as business blockers.

Visku launches free mentoring programme to connect the supply chain community

Date: August 5, 2025 By admin Categories: Uncategorized No comments

Visku has launched a free mentoring programme aimed at bringing people together from across the supply chain sector.

Open to everyone, from apprentices to directors, the Visku Mentoring Programme is designed to break down silos, spark new connections and strengthen the industry from within.

Unlike traditional schemes, there’s no cost, no membership requirement and no barriers to entry. Whether you’re in logistics, warehousing, transport, operations, or manufacturing, this is a chance to give back and grow, all in as little as one hour a month.

“We believe the best way to strengthen our industry is by connecting its people,” said Stuart Tosh, Chief Operations Officer at Visku. “This programme opens doors that aren’t always available inside your own company, whether you’re a mentee seeking direction or a mentor looking to support others.”

With an exclusive soft-launch earlier this year, the Visku Mentoring Programme has already attracted over 70 participants across four countries, and brands including John Lewis, Matalan and Martin Brower. With active mentoring relationships now spanning job levels, specialisms and borders, the momentum is building fast.

“We’ve seen first-hand the impact that just one conversation can have,” said Stuart. “Mentees are gaining clarity and confidence, and mentors are developing new perspectives. It’s a win-win for the whole sector.”

Coming Together: Visku’s First In-Person Mentoring Event – 16 September, Birmingham:

To celebrate the community taking shape, Visku is hosting its first in-person mentoring event on Tuesday 16 September in Birmingham.

Bringing together mentors, mentees, and industry voices from across the sector, the event will include panel discussions, a practical skills workshop, and plenty of time to connect face-to-face.

The headline panel discussion, ‘The Future Leaders of Supply Chain’, will spotlight the individuals transforming the industry through bold leadership and inclusive mentorship. Speakers will reflect on the skills tomorrow’s professionals will need, and how mentoring can help prepare the next generation to lead.

With contributors from respected brands such as John Lewis, Castore and Matalan, the event promises open and forward-thinking conversation and the chance to hear directly from them about their experiences.

“Becoming a mentee has felt like more than just a learning opportunity, it has been genuinely enjoyable and incredibly refreshing. I’ve gained new perspectives, valuable insights and a renewed sense of enthusiasm for my goals.” – Olivia Pollard, Visku Mentoring Programme Mentee.

“The Visku mentoring programme provides me with a rare opportunity to step out of my typical environment, discuss challenges and opportunities found elsewhere and then bring back fresh perspectives to my organisation.” – Iain Bartholomew, Logistics Director, Urban Outfitters, Visku Mentoring Programme Mentor.

The initiative reflects Visku’s wider commitment to giving back. As a consultancy built on collaboration, Visku sees this as a practical way to support the people who keep the supply chain moving.

To sign up as a mentor or mentee, or to find out more, visit: www.visku.com/mentoring-programme 

JJX Logistics expands and revamps Distressed Load Management service

Date: August 5, 2025 By admin Categories: Uncategorized No comments

JJX Logistics has expanded and enhanced its Distressed Load Management service to better support supply chains across the UK and Ireland.

From damaged goods and broken pallets to mislabelled stock, supply chain disruptions can result in costly delays. JJX’s updated service is designed to respond swiftly and efficiently when things go wrong, ensuring that freight keeps moving.

The newly enhanced offering includes:

• Fixing labelling issues
• Re-wrapping and repairing pallets
• Re-delivering goods quickly and safely

With a central hub in the Midlands and extended coverage now including a new location in Co. Dublin, JJX’s 24/7 response team is equipped to act fast, minimising downtime and reducing waste.

More details can be found here

NEAA and consortium launch groundbreaking autonomous logistics project at the Port of Tyne

Date: August 6, 2025 By admin Categories: Uncategorized No comments

The North East Automotive Alliance (NEAA), the Port of Tyne, autonomous vehicle technology provider, Oxa, and cybersecurity provider, ANGOKA, are among the organisations to have secured Government funding to help develop and deploy world-leading Connected and Automated Mobility (CAM) solutions in the UK.

Through the CAM Pathfinder – Enhancements programme, the NEAA and a consortium of partners will deliver P-CAL (Port-Connected and Automated Logistics), a pioneering project set to demonstrate autonomous container transport at the Port of Tyne.

The CAM Pathfinder – Enhancements programme is funded by the Centre for Connected and Autonomous Vehicles (CCAV), a joint unit between the Department for Business and Trade (DBT) and the Department for Transport (DfT), delivered in partnership with Innovate UK and Zenzic.

The programme is part of the £150 million CAM Pathfinder initiative announced in the UK Government’s Advanced Manufacturing Sector Plan, which aims to address the complexities in commercialising CAM vehicles, to support and grow the UK’s CAM supply chain and ready the market for CAM services, enhancing both investment and export opportunities.

Building on the success of the 5G CAL and V-CAL initiatives previously supported by UK Government, P-CAL marks a significant leap forward in connected and automated logistics for UK ports.

This multi-million-pound initiative will deploy a fully autonomous terminal tractor and secure mesh communication network to move containers between the dockside and the container compound, creating a UK first in waterside port automation.

P-CAL operates within a new and complex Operational Design Domain (ODD), tackling the challenges of a high-traffic, dynamic quayside environment. These include real-time coordination with cranes, seamless integration with Terminal Operating Systems and robust cybersecurity for safe, remote operations.

The project is being delivered by the North East Automotive Alliance (NEAA), the Port of Tyne, Oxa, Nissan, Newcastle University, ANGOKA, Vantec Europe, BP and Womble Bond Dickinson, bringing together deep expertise in automation, cybersecurity, logistics, and legal compliance.

Paul Butler, CEO at the NEAA, said:

“P-CAL addresses the unique demands of quayside operations, where vehicles must coordinate precisely with cranes and navigate a constantly changing environment.

“This moves beyond our previous work into a completely new operational setting. With a focus on innovation, collaboration and environmental responsibility, this project will showcase the future of freight logistics.”

Running over nine months, the project aims to demonstrate a scalable, safe, and commercially viable autonomous logistics solution that supports the UK’s Net Zero goals while enhancing efficiency and safety. It is expected to reduce costs, create skilled jobs and lay the groundwork for wider adoption of autonomous logistics across UK ports and distribution centres.

Gavin Jackson, CEO at Oxa, said:

“The P-CAL project is a prime example of Industrial Mobility Automation in action. What we’re showcasing here – safely automating complex container movements in a dynamic port environment – will act as a blueprint for port terminals in the UK and beyond. We believe this initiative offers a compelling vision for how autonomous technology will continue to optimise logistics – enhancing reliability and efficiency and improving operational safety globally.”

Matt Beeton, CEO at the Port of Tyne, said:

“The P-CAL project cements the North East’s position as a driving force in industrial innovation. By deploying autonomous logistics in a live port environment, we’re not only enhancing safety and operational performance, but we are also shaping the future of the sector.

“We’re proud that the Port of Tyne is leading the work with our key partners and proving what’s possible for ports across the UK and beyond.”

Shadi AR, CTO at ANGOKA, said:

“We are excited about the advances the P-CAL project will introduce to the world of Industrial Mobility Automation. ANGOKA will be showcasing the world’s first-of-its-kind purpose-built quantum safe and secure digital infrastructure and mesh communication network for industrial and logistic automation.

“P-CAL will pioneer cost-effective, sustainable, and cyber-resilient industrial and logistics automation within ports and industrial parks.”

Mark Cracknell, Programme Director at Zenzic, said:

“It’s fantastic to see industry and government working together to ensure the UK is best placed to seize the CAM opportunity.

“From aviation to logistics and public transport, the programme will provide the funding and support required to help some of the nation’s brightest minds develop the technologies that will cement CAM as one of the industries of the future, creating high-skilled jobs and providing a major boost to the UK economy.”

Samskip pioneers Morocco’s first fast, sustainable container route to the UK and Netherlands

Date: August 6, 2025 By admin Categories: Uncategorized No comments

Samskip has announced the launch of its long-anticipated Moroccan Reefer Service, a new shortsea container route connecting Agadir and Casablanca directly with the UK and the Netherlands. Specially designed to meet the needs of the fresh produce sector, this service provides the fastest door-to-door transit time in the market offering a true alternative to traditional road transport for Moroccan fruits and vegetables. To support this impactful milestone, Samskip has also signed a long-term agreement with the Moroccan Fruit Board covering the export of key fresh produce.

With weekly non-stop sailings and a reliable, integrated door-to-door solution, the service provides seamless customs clearance and inland transport for perishable goods bound for key European markets. This is the only container service on the market fast enough to carry vegetables, setting a new benchmark for fresh produce logistics between North Africa and Europe.

“This new connection marks a major milestone, not just for Samskip, but for the entire supply chain between Morocco and Northern Europe,” said Ólafur Orri Ólafsson, Chief Business Officer at Samskip. “We’ve listened to growers, importers, and retailers, and will deliver a service that’s faster, greener, and more reliable. It’s a powerful example of what we can achieve when we combine local expertise with the strength of Europe’s largest multimodal network.”

Samskip’s transshipment and cross-docking capabilities mean that customers can deliver throughout Europe, to Norway, Poland, Sweden, Finland, and the Baltic states in just a matter of days after arrival in Rotterdam. Deliveries to Ireland can be achieved within just six days of departure from Agadir, which Samskip proudly promotes as a compelling new option for Irish importers looking for fresher, faster, and more sustainable logistics from North Africa.

The new reefer route brings a host of benefits to the market:

• Dedicated shortsea service designed for Moroccan perishable
• A weekly direct sailing to the south UK and the Netherlands (Rotterdam)
• Significantly faster transit than other container alternatives
• Compatible with 45ft reefer containers, matching the capacity of standard trailers
• Up to 80% CO₂ reduction compared to full road transport

Calling at Casablanca and Agadir ports, the new service continues to Rotterdam ensuring smooth and efficient cargo flows into the heart of European retail markets.

This launch reflects Samskip’s broader growth strategy and continued leadership in modal shift logistics, moving cargo off congested roadways and onto more sustainable rail and sea solutions. As demand grows for eco-friendly, cost-efficient, and dependable logistics services, Samskip continues to expand its reach and offerings empowering customers and partners with better transport choices.

Maersk raises full-year guidance

Date: August 7, 2025 By admin Categories: Uncategorized No comments

A.P. Moller – Maersk A/S (Maersk) achieved strong results in the second quarter with revenue growth of 2.8% and EBIT reaching USD 845m. While down sequentially, Maersk results were in line with the previous year despite significant geopolitical uncertainty and continued rate pressure. The performance was driven by continued strong results in Terminals, volume growth in Ocean and increased profitability in Logistics & Services and further supported by continued operational improvements and ongoing cost discipline in all business segments. Given the more resilient market demand outside of North America, Maersk has raiseds its full-year 2025 financial guidance.

“We have had a strong first half of the year, driven by consistent follow through on our operational improvement plans and the successful launch of the Gemini Cooperation. Our new East-West network is raising the bar on reliability and setting new industry standards. It has been a key driver of increased volumes and solid delivery of our Ocean business. Even with market volatility and historical uncertainty in global trade, demand remained resilient, and we’ve continued to respond with speed and flexibility. As our customers navigate these complex challenges, we remain committed to helping them build stronger and more adaptable supply chains — making sure they are ready to not just weather disruption, but to grow through it,” says Vincent Clerc, CEO of Maersk.

Ocean delivered good results in a quarter marked by significant volatility in demand and rates. Volumes grew 4.2% compared to the same quarter last year, mainly driven by exports out of Asia, with freight rates picking up in the quarter, while still being under pressure both sequentially and compared to previous year. The Gemini Cooperation was successfully phased in fully in June with reliability scores above the 90% target in its first few months of operation.

Logistics & Services continued to focus on operational efficiency and delivering sustainable profitability improvement. EBIT increased by 39% to USD 175m and EBIT margin was 4.8%, up from 3.5% in the same quarter last year. The margin growth was driven by strong cost discipline and increased productivity.

It was another strong quarter in Terminals with record-high volumes and revenue. Volumes increased 9.9% and were supported by the successful phase-in of the Gemini cooperation adding more Maersk Ocean volumes to the Terminals business. EBIT increased by 31% to USD 461m driven primarily by strong operational and joint venture performance. ROIC increased to 15.4%, up from 12.2% in the same quarter last year.

Financial guidance

Given the more resilient market demand outside of North America, Maersk has raises its full-year 2025 financial guidance for EBITDA to USD 8-9.5bn from 6-9bn.

The expected global container market volume growth has been revised to between 2% and 4% (previously between -1% and 4%). At this time, disruption in the Red Sea is still expected to last for the full year.