Maersk Investor Presentation Deck
Ocean highlights Q4 2020
Increases on both freight rates and volumes
ā
ā
15
Average freight rates increased by 18% (20% adjusted for bunker
prices), due to higher short-term freight rates, driven by demand
surges from recovery especially in China-US trades combined with
exceptional market conditions, leading to bottlenecks across the
supply chain including vessel and equipment shortage.
In line with our strategy, we continued to focus on facilitating our long-
term customers' supply chains by alleviating bottlenecks and by
increasing the capacity allocated to long term contracts.
Total volumes in Q4 increased by 3.2% with headhaul volumes
increasing by 4.6% driven by a 19% increase in North America and
lower volumes on North-South. Backhaul volumes was nearly
unchanged.
Annual Report 2020
Average freight
rates (USD/FFE)
East-West
North-South
Intra-regional
Total
Loaded volumes
('000 FFE)
East-West
North-South
Intra-regional
Total
Q4
2020
2,243 1,769
2,746
1,443 1,359
Q4
2020
1,588
Q4
2019
1,034
778
2,375
3,400
2,192 1,862 330
Q4
2019
Change
474
371
735
84
Change
1,494 94
1,065 -31
43
3,294 106
Change FY
%
2020
26.8 2,008
15.6 2,529
6.2
17.7 2,000
Change
%
6.3
-2.9
5.9
1,345
3.2
FY
2020
5,948
3,900
2,786
12,634
FY
2019
1,760
2,347
1,366
1,853
FY 2019
6,194
4,268
2,834
13,296
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