Maersk maintains billions in revenue in 2025
By There are still good profits to be made in the maritime business – although economic conditions can be volatile. This is confirmed by the financial results of A.P. Moller – Maersk, an operator well-known in Polish ports and on intermodal transport routes. The company has maintained very high revenue levels over the past two years, achieving sales of $55.5 billion in 2024 and $54.0 billion in 2025.
“2025 required us to be flexible, disciplined in implementing our strategy, and constantly focus on what matters most to our customers. The changing conditions this year have highlighted the need not only to support and strengthen, but also to modernize and rebuild global supply chains and critical infrastructure,” emphasize Robert Maersk Uggla, Chair of A.P. Møller – Mærsk A/S, and Vincent Clerc, CEO of A.P. Møller – Mærsk A/S, in the foreword to the annual report.
The 2025 result was quite good, considering the global turmoil caused by tariff wars and real changes in the export and import policies of many countries. Additional costs were caused by the need to extend liner services due to the closure of the Red Sea routes. This result was achieved by 29 main liner services connecting over 90 hub ports, as well as 32 feeder services.
A.P. Møller – Mærsk A/S. Economic Results. Source: APMM Annual Report 2025.
They were serviced year-round by approximately 350 owned containerships and over 390 chartered ones. Approximately 4.66 million TEU were available to customers on board MAERSK-managed vessels. The operator’s storage capacity covers over 9,300,000 m² in over 500 locations.
In 2025, MAERSK-managed terminals made 14.3 million movements, accommodating over 13,780 container ships. The Danish operator’s 53 terminals are located in 29 countries. Three new port projects are underway. In April of this year, APM Terminals and Hateco Group signed an agreement with the city of Da Nang for the development, construction, and operation of a new terminal in Da Nang. The agreement involves an investment of over USD 1.7 billion. Once completed, the terminal’s capacity will exceed 5.7 million TEU per year.
Gemini Saves Ocean Business
“Despite significant supply chain volatility and disruptions, the Ocean segment successfully implemented the new Gemini cooperation and acquired additional volumes, while profitability was lower due to falling market freight rates throughout 2025,” explains the management of A.P. Moller – Maersk (Maersk). Gemini is more precisely the Maersk Gemini Cooperation, launched on February 1, 2025.
This strategic operational partnership between Maersk and Hapag-Lloyd involved the creation of a container alliance on East-West liner routes. The goal was to ensure more accurate schedule execution and optimal utilization of terminal hubs. The new logistics system was based on port hubs connected by a network of fast shuttle services. Both operators coordinate the operations of approximately 1,200 ships with a total cargo capacity of over 7 million TEU.
MAERSK and Hapag-Lloyd in the Top 5 Container Operators. Source: Alphaliner TOP 100 / 10 May 2026
This solution likely saved the Ocean segment from greater losses. At the same time, it contributed to improved transport and logistics services. Maersk management, citing Sea Intelligence reports on ocean connections, reported in mid-2020 that “since the full implementation of the Maersk East-West network, it has remained the leading network in terms of ocean reliability, with an average reliability of 91.2%, demonstrating that the Maersk East-West network was approximately 35% above the market average during that period (February – May 2025).”
Logistics and Terminals Save the EBITDA
The diversification of the offerings saved the balance sheet of A.P. Moller and Maersk. The weaker results in the Ocean segment were partially offset by the Logistics and Services operations. Both segments recorded volume growth and improved profitability. Maersk-managed terminals achieved their best-ever financial results in 2025. The quays and storage yards achieved record-high volumes, revenues, EBITDA, and EBIT.
“The 2025 financial results demonstrated the strength of Maersk’s strategy, and the stabilizing contribution of both Terminals and Logistics and Services offset the reduced profitability in the Ocean segment resulting from lower freight rates,” emphasized MAERSK management in the APMM Annual Report 2025.
MAERSK’s key business and operational activities. Source: A.P. Møller – Mærsk A/S.
The Ocean division achieved strong results, recording high volumes of container shipments. The container operator’s profitability declined compared to 2024 due to continued pressure on freight rates. Therefore, “We continued to focus on implementing and optimizing the Gemini system, ensuring strong customer outcomes in unpredictable conditions.”
The Logistics and Services divisions reported revenue increases driven by improved rates and volumes. Profitability improved throughout the year, primarily due to warehousing and electronic order fulfillment. Terminal revenue increased thanks to record-high volumes driven by strong demand across the portfolio, lower rates, and higher warehousing revenue. This, in turn, contributed to achieving the best-ever financial results in 2025.
Diversification offsets low freight rates
In 2025, due to low freight rates and operating costs, A.P. Moller-Maersk’s revenues fell by $1.5 billion to $54 billion. The decline in revenue from the Ocean division was primarily due to decreased freight revenues. This was only partially offset by the acquisition of a larger container volume than in 2024.
In the Logistics and Services segment, revenues increased by 1.2%, primarily due to increased revenues from storage services. Sales also came from electronic order fulfillment. Revenue was supported by services provided in first-mile services. Cargo risk management was also profitable, partially offset by middle-mile and last-mile services.
Revenues and profits increased in the Terminals segment thanks to a strong container supply, higher rates, and higher warehousing revenues. Volume increased by 8.9%, supported by strong demand across all portfolios, primarily in the Americas and Europe.
MAERSK delivered 10 dual-fuel vessels, increasing its fleet to 19 dual-fuel container ships in 2025, Six more will be added in 2026. Maersk also signed a contract for the supply of liquefied biomethane, a fuel with lower greenhouse gas emissions. The operator tested new ethanol fuel blends. Investments in innovation and service diversification are helping the Danes profit from the maritime business.
Dynamics of changes in the container goods supply markets in 2025. Source: APMM Annual Report 2025.