APMM FY & Q4 2023 Financial Results
Ocean Fourth quarter 2023
Volumes increased but freight rates continue to decline at pace
•
Average freight rates decreased by 50%, with both.
Ocean KPIs
.
contract rates and shipment rates declining.
Sequentially, rates declined by 8.1%
Loaded volumes were up 11% to 3,108k FFE
Average freight rate (USD/FFE) 1,925
Q4
Q3 Q/Q Q4 Y/Y
2023 2023 change 2022 change
2,095 -8.1% 3,869 -50%
Operated capacity ('000 TEU)
4,131
4,166 -0.8% 4,270
-3.3%
•
Average operated fleet capacity was 3.3% lower
than in Q4 2022 resulting in high capacity utilisation
Loaded volumes ('000 FFE)
3,108 3,166 -1.8% 2,807
11%
•
Our share of Ocean contract volumes for the full
year is 68% (in line with 2022)
Contract share definition
2020
2021
2022
2023
2024e
Contracts
60%
65%
68%
68%
70%
Total volume split
Shipments
40%
35%
32%
32%
30%
16
APMM FY & Q4 2023 Financial Results
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