Maersk Investor Presentation Deck

Freight rates increased by 17.7% with volumes up by 3.2% 43 ● ● Loaded volumes increased by 3.2% driven by higher headhaul volumes on the East-West network as backhaul volumes have decreased for both East- West and North-South compared with Q4 2019. North-South volumes declined, mainly driven by lower volumes in Africa and Oceania, while East-West volumes were positively impacted by the recovery of export out of Asia with stronger volumes on the transpacific trades. The average loaded freight rate increased by 17.7%, primarily driven by the significant short-term rate increases towards the end of the year. Appendix Q4 2020 Loaded volumes ('000 FFE) East-West North-South Intra-regional Total Average freight rates (USD/FFE) East-West North-South Intra-regional Total Q4 2020 1,588 1,034 778 3,400 Q4 2020 2,243 2,746 1,443 2,192 Q4 2019 1,494 1,065 735 3,294 Q4 2019 1,769 2,375 1,359 1,862 Change 94 -31 43 106 Change 474 371 84 330 Change % 6.3% -2.9% 5.9% 3.2% Change % 26.8% 15.6% 6.2% 17.7% FY 2020 5,948 3,900 2,786 12,634 FY 2020 2,008 2,529 1,345 2,000 MAERSK

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