Maersk Investor Presentation Deck
Ocean highlights Q4 2019
Strong focus on margins led to stable freight rates
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17
Average freight rates decreased by 0.4% (adjusted for FX the average
freight rates increased by 0.1%), driven by lower freight rates in
intra-regional trades, partly offset by higher contract rates on Asia-
Europe.
Adjusted for bunker price the average freight rates increased 3.3%.
Total volumes decreased by 1.8%, where headhaul volumes
decreased 1.9% and backhaul volumes declined 1.5%.
The East-West volume decrease was led by North America trades
due to high comparable in Q4 2018 related to the frontloading,
while Europe was led by general lower demand.
The North-South volume decrease was driven by weakness on all
trades, except Africa, with the weak Latin American demand
continuing into Q4.
Intra-regional volume growth was led by intra-Asia growth of 15%.
Annual Report 2019
Average loaded
freight rates
(USD/FFE)
East-West
North-South
Intra-regional
Total
Loaded volumes
('000 FFE)
East-West
North-South
Intra-regional
Total
Q4
2019
1,969
1,469
2,180 2,096
1,905
Q4
2019
984
1,575
Q4
2018
735
1,937
1,512
1,913
Q4
2018
1,044
1,616
693
Change
32
84
-43
-8
Change
-60
-41
42
3,294 3,353 -59
Change
%
1.7
4.0
-2.8
Change
%
-2.5
FY
2019
-0.4 1,883
6.1
1,885
-1.8
2,117
1,462
-5.7 4,100
FY
2019
6,362
2,834
13,296
FY
2018
1,860
2,078
1,478
1,879
FY
2018
4,186
6,450
2,670
13,306
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