Maersk Investor Presentation Deck
Ocean highlights Q3 2020
Higher freight rates more than mitigated lower volumes
●
• Freight rates declined compared to Q2 due to the adjustments to
the long-term contracts linked to the lower bunker fuel price and
the exposure to trades with less positive market developments,
such as Latin America and intra regional trades.
●
Average freight rates increased by 4.4% (4.8% FX-adjusted and
10% adjusted for bunker prices), due to higher short-term freight
rates, driven by demand recovery especially in China-US trades
combined with vessel and equipment shortage.
12
In line with our strategy we focused on facilitating our customers
supply chains, especially customers with long-term contracts to
meet their requirements.
Total volumes decreased by 3.6% with headhaul volumes declining
by 0.1%, contracting across all trades, except North America.
Backhaul volumes declined 11%.
• While volumes recovered strongly from Q2 2020, particular on the
Pacific, Latin America continued to be very negatively affected by
COVID-19 with volumes declining 13%.
Q3 2020 interim report
Average freight rates
(USD/FFE)
East-West
North-South
Intra-regional
Total
Loaded volumes
('000 FFE)
East-West
North-South
Intra-regional
Total
Q3 2020
1,995
2,382
1,227
1,909
Q3 2020
1,553
1,011
719
Q3 2019
1,746
2,318
1,314
1,828
Q3 2019
1,561
1,118
726
3,283 3,405
Change
249
64
-87
81
Change
-8
-107
-7
-122
Change
%
14.3
2.8
-6.6
4.4
Change
%
-0.5
-9.6
-1.0
-3.6
FY 2019
1,760
2,347
1,366
1,853
FY 2019
6,194
4,268
2,834
13,296
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