Shipping group Maersk raised its full-year profit forecast on Thursday as robust global container demand defied fears that tariffs would hit trade, although the company predicted a slowdown later this year.

A. P. Moller-Maersk A/S, a bellwether for world trade, raised its financial outlook for 2025 saying demand outside North America was proving resilient even amid concerns over a trade war.

The ocean carrier now expects worldwide container market growth to expand between 2 percent and 4 percent, even as it is weighed down by the U.S.