Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Monthly Container Shipping Tracker | Iran Conflict Lifts Fuel Prices, Spot Rates, & Carrier Shares

Maersk Q325 Results: Core Ocean Down 55% Y/Y | Downbeat Guidance from Management | Q425 Losses?

Maersk Q126 Results: Strong Volume Growth, Delayed Fuel Impact, But Profitability Still Plunged

Intra-Asia Container Carriers Wan Hai Lines, TS Lines Also Feeling the Pain of Lower Freight Rates

Monthly Container Shipping Tracker | March Price Weak, April Spot Rates, Too | Fuel Starting to Bite

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Equity Bottom-Up

AP Moeller - Maersk A/S / Equity Bottom-Up

<ul>
<li>Container carrier Maersk delivered strong Q2 results, mainly due to improved unit pricing</li>
<li>Company revised FY26 EBITDA guidance upward for the second time in just six weeks</li>
<li>We underestimated carriers' ability to quickly, successfully pass along big fuel cost increase</li>
</ul>


Container carrier Maersk delivered strong Q2 results, mainly due to improved unit pricing
Company revised FY26 EBITDA guidance upward for the second time in just six weeks
We underestimated carriers' ability to quickly, successfully pass along big fuel cost increase


ZIM Integrated Shipping Services (ZIM US)

Maersk Q226 Results: Price Gains Exceeded Fuel Cost Increases (By a Lot) | Guidance Lifted Again!