Maersk Investor Presentation Deck
Ocean highlights Q2 2020
Agile capacity deployment partly offset lower volumes
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Focus on agile capacity deployment and cost savings, including
lower time-charter rates and lower bunker prices, lead to a
decrease in total operating costs of 16% to USD 5.2bn (USD 6.1bn),
15% adjusted for FX.
Tight capacity deployment with more than 160 sailings blanked in
the quarter led to a decline in offered capacity in line with the
decline in demand. Capacity was at the lowest in April as offered
capacity has increased gradually over the quarter following
improvements seen in demand.
Total bunker cost decreased 37% as the average bunker price
decreased 25%.
The bunker consumption declined 16% from blanked sailings, idle
capacity and efficiency improvements.
Q2 2020 interim report
Unit cost at fixed bunker*
increased by 7.3% to 2,021
USD/FFE
Bunker efficiency improved
by 2.4%
Bunker cost decreased to
USD 0.8bn (USD 1.2bn)
* Fixed bunker price of 450 USD/FFE
Total unit cost was 1,923
USD/FFE (1,872 USD/FFE)
Utilisation on the deployed
capacity decreased slightly
SG&A decreased by USD 67m
to USD 630m (USD 697m)
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