A.P. Moller-Maersk A/S is planning job cuts and emphasizing cost discipline in 2026 to buffer its earnings against declining freight rates as Red Sea routes reopen. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to range from $4.5 billion to $7 billion, down from $9.57 billion in 2025. Following this announcement, Maersk’s shares dropped as much as 8.1% at the start of trading in Copenhagen.
The forecast anticipates a gradual reopening of the Red Sea, which is expected to increase global vessel capacity. This comes after the container shipping industry had benefitted from the prolonged route around Africa, which reduced capacity by 7-8% amid intense competition. CEO Vincent Clerc noted that as more services resume through the Red Sea, the shipping division will face downward pricing pressure, prompting the company to target cost efficiencies.
Maersk plans to cut approximately 1,000 jobs, representing 15% of corporate roles, though less than 1% of the total workforce. The company also aims for annual cost reductions of $180 million, with a focus on productivity enhancements, including artificial intelligence. In addition, Maersk projects a global container trade growth of 2-4% and is initiating a share buy-back program worth up to 6.3 billion kroner ($1 billion).
