Shipping conglomerate A.P. Moller-Maersk reported a stronger-than-expected quarterly profit, defying ongoing global trade uncertainties. The company’s shares jumped 10% following the announcement, as investors welcomed the robust financial performance.

Despite geopolitical tensions, fluctuating freight rates, and supply chain disruptions, Maersk managed to outperform market expectations. The company attributed its success to strategic cost-cutting measures, improved operational efficiency, and a diversified portfolio that mitigated risks in volatile markets.

CEO Vincent Clerc highlighted the company’s resilience, stating, “Our ability to adapt to changing market dynamics and deliver value to our customers has been key to our success.” Analysts also noted that Maersk’s investments in digitalization and sustainable shipping solutions have positioned it well for long-term growth.

However, the company cautioned that challenges such as rising fuel costs and potential trade restrictions could impact future performance. Despite these headwinds, Maersk remains optimistic about maintaining its competitive edge in the global shipping industry.