APMM Q3 2023 Financial Results

Ocean Third quarter 2023 - Volumes increase but freight rates continue to decline at pace • • Average freight rates decreased by 58%, with both contract rates and shipment rates declining. Sequentially, rates declined by 14.3% Loaded volumes were up 5% to 3,166k FFE Average operated fleet capacity was 3.1% lower than in Q3 2022 resulting in high capacity utilisation Based on volumes for the first nine months, our share of Ocean contract volumes for the full year is anticipated to be 68% (in line with 2022) At the end of Q3 2023, 1.4m FFES were signed on multi-year contracts Ocean KPIs Q3 2023 Q2 Q/Q Q3 Y/Y 2023 change 2022 change Average freight rate (USD/FFE) 2,095 2,444 -14% 5,046 -58% Operated capacity ('000 TEU) 4,166 4,136 0.7% 4,298 -3.1% Loaded volumes ('000 FFE) 3,166 2,906 8.9% 3,016 5.0% Contract share definition 2021 2022 2023e Contracts 65% 68% 68% Total volume split* Shipments 35% 32% 32% 16 APMM Q3 2023 Financial Results *) According to new definition since Q1 2023 MAERSK

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