Maersk Sees Solid Demand, Capacity Overhang Risks: Supply Lines

Maersk plans to weather what’s expected to be a challenging period ahead with job cuts and cost discipline as the world’s No. 2 container carrier tries to manage its business up against sinking freight rates.

In comments Thursday accompanying its annual report, Maersk said it is planning to eliminate 1,000 positions and make annual expenses reductions of $180 million. There will be a “very sharp focus on productivity,” including use of artificial intelligence.

Read More: Shipping Firms Face Tough 2026 as Reopening of Red Sea Looms

Global container trade will grow a 2% to 4% this year, Maersk forecast, ...