Danish shipping giant Maersk

on Thursday posted stronger-than-expected second-quarter operating profit, citing continued focus on operational improvements despite unprecedented geopolitical volatility.

The company, widely considered a barometer of global trade, reported preliminary underlying earnings before interest, tax, depreciation and amortization (EBITDA) of $2.3 billion for the June quarter.

That’s up around 7% from $2.14 billion over the same period a year ago and above the $1.97 billion expected by analysts in an LSEG poll.

Maersk raised its full-year 2025 financial guidance, saying underlying EBITDA this year is expected to come in between $8 billion to $9.5 billion, up from previous guidance of between $6 billion to $9 billion.