Maersk Investor Presentation Deck
Ocean highlights Q1 2020
Higher freight rates compensated increases in bunker prices
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Freight rates increased in Q1 2020 in an effort to compensate for
the more expensive IMO 2020 compliant fuel.
Average freight rates increased by 5.7% (6.7% FX-adjusted), driven
by North-South and East-West from focus on operational
optimisation of capacity and utilisation, including network re-design.
Adjusted for the increase in bunker price the average freight rates
decreased 0.7%.
Total volumes decreased by 3.2%. Headhaul volumes declined 4.6%
and backhaul volumes declined 0.4%.
The North-South volume decrease was driven by weakness in Latin
American and Oceania, but volumes increased in Africa from Asia
and Middle East.
The East-West decrease was driven by significant decrease in
headhaul volumes predominantly as a result of COVID-19 impact of
production slowdown in China.
Intra-regional volume growth was led by intra-Asia growth of 7.3%.
Q1 2020 interim report
Average loaded
freight rates
(USD/FFE)
East-West
North-South
Intra-regional
Total
Loaded volumes
('000 FFE)
East-West
North-South
Intra-regional
Total
Q1 2020
1,924
2,560
1,398
1,999
Q1 2020
1,417
961
670
3,048
Q1 2019
1,790
2,374
1,415
1,892
Q1 2019
1,506
987
657
3,150
Change
134
186
-17
107
Change
-89
-26
13
-102
Change
%
7.5
7.8
-1.2
5.7
Change
%
-5.9%
-2.6%
2.0%
-3.2%
FY 2019
1,760
2,347
1,366
1,853
FY 2019
6,194
4,268
2,834
13,296
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