Maersk Investor Presentation Deck
Ocean highlights Q1 2020
Agile capacity management mitigated lower volumes
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Total operating costs increased 5.2% to USD 6.4bn (USD 6.0bn),
6.1% adjusted for FX, mainly due to higher bunker prices and cost of
goods sold of bunkering fuels.
Tight capacity management with 93 blank sailings led to a 3.5%
decline in deployed capacity, leading to lower container handling cost
and network cost.
Total bunker cost increased 22% as the average bunker price
increased 32% due to IMO 2020 compliant fuel.
The bunker consumption declined 7.5% as a result of blanked
sailings and efficiency improvements.
The unit cost at fixed bunker decreased by 2.3%, thus mitigating the
effect from lower volumes.
Q1 2020 interim report
Unit cost at fixed bunker*
decreased by 2.3% to 2,026
USD/FFE (2,073 USD/FFE)
Bunker efficiency improved
by 1.9%
Bunker cost increased to
USD 1.4bn (USD 1.1bn)
* Fixed bunker price of 450 USD/FFE
Total unit cost was 2,110
USD/FFE (2,044 USD/FFE)
Utilisation on the deployed
capacity improved compared
to Q1 2019
SG&A decreased by 1.0%
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