Maersk Investor Presentation Deck
Ocean highlights Q2 2020
Freight rates less volatile as demand gradually improved
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Average freight rates increased by 4.5% (6.1% FX-adjusted and
9.8% adjusted for bunker prices) in Q2 2020 compared to previous
year, due to higher short-term freight rates, but was sequentially
lower due to lower bunker fuel price.
Total volumes decreased by 16% with headhaul volumes down
17%, contracting across all trades. Backhaul volumes declined
13%.
Latin America and Intra-Americas were most affected by COVID-19
with volumes down 25% and 21%, respectively.
Volumes improved throughout the quarter with volumes in June
down 9.5% compared to June 2019 and improving further in July
allowing for an estimated mid-single digit decrease in Q3 2020.
Q2 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
Q2 2020
1,879
2,449
1,292
1,915
Q2 2020
1,390
894
619
2,903
Q2 2019
1,736
2,327
1,382
1,832
Q2 2019
1,633
1,098
716
3,447
Note: Q1 2020 loaded freight rate adjusted to USD 1,967 per FFE vs.
previously reported USD 1,999 per FFE
Change
143
122
-90
83
Change
-243
-204
-97
-544
Change
%
8.2
5.2
-6.5
4.5
Change
%
-14.9
-18.6
-13.5
-15.8
FY 2019
1,760
2,347
1,366
1,853
FY 2019
6,194
4,268
2,834
13,296
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