BRIEF-Maersk CEO: Despite US volatility we've seen high demand in rest of the world

BY Reuters | ECONOMIC | 08/07/25 04:09 AM EDT

Aug 7 (Reuters) - AP Moeller - Maersk A/S CEO Vincent Clerc told reporters:

* MAERSK CEO: PRICES ARE GOING UP IN THE TERMINAL BUSINESS, CAPACITY CLOSE TO FULL

* MAERSK CEO: CONTAINER DEMAND CONTINUES TO BE EXTRAORDINARILY HIGH

* MAERSK CEO: CHINA CONTINUES TO GROW THEIR EXPORTS AT A MUCH HIGHER PACE THAN ITS GDP GROWTH

* MAERSK CEO: CHINESE COMPANIES ARE TAKING GLOBAL MARKET SHARE, WHICH IS UNDERPINNING CONTAINER DEMAND

* MAERSK CEO: CHINA IS PLAYING A LARGER AND LARGER ROLE IN THE GLOBAL ECONOMY

* MAERSK CEO: DESPITE VOLATILITY IN THE U.S., WE HAVE SEEN HIGH DEMAND IN THE REST OF THE WORLD

* MAERSK CEO: WE HAVE SEEN RISING FREIGHT SPOT RATES, THEY ROSE 37% IN 13 WEEKS IN Q2

* MAERSK CEO: OUR DATA SHOWS AN ACCELERATION OF THE GLOBALISATION, NOT THE OPPOSITE

* MAERSK CEO: WE ARE CURRENTLY NOT ORDERING THE BIGGEST CONTAINER SHIPS

* MAERSK CEO: WE NEED A MORE FLEXIBLE NETWORK, SHIPS THAT CAN DOCK IN SMALLER PORTS; RATHER THAN THE TRADITIONAL SHIPPING ROUTES

* MAERSK CEO: NOT SEEN CUSTOMERS "PULL FORWARD" AHEAD OF DEADLINE IN TRADE TALKS BETWEEN CHINA AND THE U.S.

* MAERSK CEO: IN THE SHORT TERM, CONTAINER SHIPPING IS IMMUNE TO TRADE TARIFFS

* MAERSK CEO: VOLATILITY AND COMPLEXITY IS A BIG OPPORTUNITY FOR MAERSK, ESPECIALLY IN OUR LOGISTICS BUSINESS

* MAERSK CEO: WHEN WE RETURN TO THE SUEZ CANAL, IT WILL FREE UP 7-8% OF CONTAINER SHIPPING CAPACITY

* MAERSK CEO: IF GLOBAL CONTAINER DEMAND CONTINUES TO GROWTH AT CURRENT PACE FOR 2-3 YEARS, WE WILL NOT SEE EXCESS SHIPPING CAPACITY

* MAERSK CEO: WE WILL CONTINUE TO ORDER SAME VESSEL CAPACITY IN COMING YEARS, NO CHANGES TO OUR CAPEX

* MAERSK CEO: WE ARE IN A VOLATILE ENVIRONMENT, BUT I DON'T EXPECT A PROLONGED PERIOD WITH LOSSES FOR THE SHIPPING INDUSTRY

* MAERSK CEO: WE WILL NOT INDEPENDENTLY TAKE ANY ACTION IN RELATION TO SHIPMENTS TO ISRAEL; ANY ACTION SUCH AS SANCTIONS SHOULD BE DECIDED POLITICALLY

* MAERSK CEO: CHINESE SHIPMENTS INTO EUROPE AND OTHER REGIONS STARTED GROWING ALREADY LAST YEAR; THIS TREND HAS CONTINUED THIS YEAR, BUT OUR DATA DOES NOT SHOW THIS IS DUE TO U.S. TRADE TARIFFS Further company coverage: (Reporting By Jacob Gronholt-Pedersen, editing by Terje Solsvik)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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