Maersk Cuts Jobs, Sees Drop in Earnings as Red Sea Reopens

A.P. Moller-Maersk A/S plans to cut jobs and focus on cost discipline this year as the container giant seeks to insulate its earnings against deteriorating freight rates with Red Sea routes reopening. The shares fell.

Maersk said it expects underlying earnings before interest, taxes, depreciation and amortization to be in the range of $4.5 billion to $7 billion this year, down from $9.57 billion recorded in 2025, the company said in a statement on Thursday. Analysts on average estimated $5.76 billion.