Maersk Investor Presentation Deck
Ocean highlights Q4 2019
Total operating cost decreased 4.1%
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Total operating costs decreased 4.1% to USD 5.9bn (USD 6.2bn),
adjusted for FX total cost decreased by 3.4%.
Total cost was positively impacted by lower network costs and lower
bunker cost, including continued improvements in the bunker
efficiency, partly offset by higher container related costs.
Total bunker cost decreased 17% as the average bunker price
declined 15% and the bunker consumption declined 2.6% due to
efficiency initiatives, focus on capacity management and higher
reliability.
The unit cost at fixed bunker increased slightly by 0.4% due to
declining volumes. Adjusting for FX unit cost increased by 1.1%.
For FY 2019 unit cost at fixed bunker decreased by 1.7%, at the high
end of our of target to reduce unit cost by 1-2% per year.
Annual Report 2019
Unit cost at fixed bunker
increased by 0.4% to 1,774
USD/FFE (1,767 USD/FFE)
Bunker efficiency improved
by 3.0%
Bunker cost decreased by
17% to USD 1.1bn (USD
1.3bn)
Total unit cost was 1,938
USD/FFE (1,992 USD/FFE)
Utilisation worsened
compared to Q4 2018
SG&A and other operational
costs decreased by 0.8%
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