Maersk CEO Warns Red Sea Disruptions to Last Well Into 2025 (1)

A.P. Moller-Maersk A/S expects disruptions to global trade from the Red Sea conflict to last “well into” next year, according to its chief executive officer.

“The reopening of the Suez Canal is one of the big unknowns,” Maersk CEO Vincent Clerc said in a Bloomberg TV interview with Anna Edwards on Thursday, after the Copenhagen-based company published its third-quarter earnings report.

Maersk, a bellwether for global trade, controls roughly one-sixth of all the goods carried in containers at sea. The company has raised its 2024 profit outlook four times in the last six months, due to stronger demand and better-than-expected ...