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How Did Maersk Turn Q1 Loss Into Q2 Profit?

One quarter changed the picture. The real shift happened inside Ocean.

Maritime Analytica's avatar
Maritime Analytica
Aug 13, 2026
∙ Paid

Maersk entered Q2 with Ocean in the red.

Middle East disruption was adding cost.

Fuel was getting more expensive.

Then the quarter changed.

Volumes grew.

Freight rates jumped.

Ocean returned to profit.

And Maersk raised its full-year guidance again.

So what changed?

And which parts of the recovery can last?

Here are 5️⃣ signals behind Maersk’s Q2:


1️⃣ Q2 quickly reversed Q1

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