Maersk Investor Presentation Deck
Terminals & Towage - highlights Q3 2020
Margin improvements from strong focus on cost efficiencies
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18
Gateway terminals volumes declined by 3.7% (like-for-
like 7.8%), driven by COVID-19 impacts, with significant
variations across regions and supported by the
consolidation of the Pipavav, India terminal.
Volumes from external customers decreased by 5.7%,
while volumes from Ocean was on par, which coupled with
increase capacity in selected ports led to a 13%-points
decrease in utilisation to 71%.
Revenue per move increased by 2.8% to USD 277 mainly
driven by mix changes, while cost per move increased
4.0% to USD 229 due to lower volumes and mix effect, as
total operating cost declined 3.3%.
In Towage, the Harbour towage activities was on par with
last year, driven by positive impacts from the
consolidation of Port Towage Amsterdam, partly offset by
lower activity in Australia, UK and Scandinavia.
Q3 2020 interim report
USDm
300
250
200
150
100
50
0
263
EBITDA
Q3 2019
-36
Volume
effect
Gateway EBITDA bridge
8
Volume mix
effect
11
Storage and
non-storage
revenue
effect
28
Cost and
Other, incl.
one-off's
274
EBITDA
Q3 2020
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