The head of A.P. Moller-Maersk A/S, the world’s No. 2 container carrier, said he expects global demand for merchandise trade to remain resilient through the rest of the year.

“It has been strong throughout the first half of the year, despite the war and the disruption to energy markets,” Maersk Chief Executive Officer Vincent Clerc said in an interview Tuesday in Haiphong, Vietnam. “For us, the expectation is that this in all likelihood right now looks like it’s set to continue into the rest of the year.”