With the rest of its main rivals pushing ahead with their capacity expansion plans, Maersk has been stagnant with its capacity operated capped at 4.3m TEU since 2017 as the Group pursued its logistics integrator strategy. This is set to change as Maersk stated last week that it will be “doing whatever it reasonably can to bring supply in line with businesses’ demand for capacity”, as it hints to an imminent reversal of its self-imposed capacity cap. The move follows Maersk’s withdrawal from it
Maersk has relaunched the Far East-Middle East 1 (FM1) service with a new rotation calling at Singapore, Jebel Ali, Abu Dhabi, Salalah, Singapore from 29 June 2024. The new FM1 service will turn in 28 days and will deploy 4 ships of 3,500-8,700 teu.
Maersk has relaunched the IA11 service with a new rotation calling at Shanghai, Ningbo, Ho Chi Minh City, Shanghai from 1 July 2024 The IA11 will turn in 14 days and will deploy 2 ships - the 1,740 teu MAERSK VERACRUZ and 1,891 teu ERASMUS LEO. Maersk had operated the IA11 service previously with a southbound call at Kaohsiung which is dropped in the new rotation.
Maersk will launch a new Central China-Straits-Chittagong service 3 (SH3) service connecting Shanghai, Xiamen, Kaohsiung, Nansha, Tanjung Pelepas, Chittagong, Tanjung Pelepas, Shanghai from 3 July 2024. The SH3 service will turn in 28 days and will deploy 4 ships of 2,300 teu to 2,800 teu starting with the 2,806 teu MCC YANGON at Xiamen on 3 July 2024. Maersk SH3 rotation
Maersk will launch a new AC1 service connecting Ningbo, Qingdao, Busan, Lazaro Cardenas, Posorja, Ningbo from 30 June 2024. The AC1 service will turn in 56 days and will deploy 8 ships of 4,200 teu to 5,100 teu starting with the 4,395 teu REN JIAN 17 at Ningbo on 30 June 2024. The service will complement Maersk's existing AC2 and AC3 service connecting Asia to the West Coast of South America. The AC2 service will be revised with the removal of the call at Posorja while Lazaro Cardenas and Manz
Maersk will withdraw the Far East-East Coast North America TP20 service with the last sailing from Shanghai on 13 June 2024. The TP20 service was re-launched on 21 April 2024 to call at Qingdao, Shanghai, Yantian, Newark, Baltimore, Houston, Qingdao. It was to turn in 12 weeks using up to 12 ships of 2,500 to 5,000 teu. However, the service will be suspended after making just 8 sailings due to the shortage of ships in the market. The removal of the service will reduce overall FE-ECNA capacity
Maersk’s Ocean segment reported negative $161m EBIT for 1Q 2024, lagging well behind its peers which had all turned in positive results. Maersk fared poorly on its operating metrics with OPEX rising faster than its peers while volumes grew at a slower rate, resulting in smaller reductions in unit OPEX. Maersk Line also reported lower sequential average revenue gains compared to 4Q 2023, due to its higher contract mix and aggressive spot rate pricing. Maersk’s management raised the lower end of
Maersk has extended the India-Med ME2 service to an extended India-Med-North Europe service from 18 April 2024 with the addition of 3 ports in North Europe. The extended ME2 service will call at Jebel Ali, Mundra, Nhava Sheva, Tanger Med, Algeciras, Rotterdam, Felixstowe, Bremerhaven, Tanger Med, Salalah, Jebel Ali. The revised ME2 will turn in 11 weeks instead of 9 weeks currently using 11 ships of 6,000 teu to 10,000 teu. The service has diverted from the Suez Canal since December 2023 and wi
Maersk has relaunched its China-US East Coast TP20 service on 21 April 2024 calling at Qingdao, Shanghai, Yantian, New York, Houston, Qingdao with an additional US port call at Baltimore to be inserted once the port re-opens. The TP20 will turn in 12 weeks using up to 12 ships of 3,400-5,400 teu starting on 21 April with the 4,256 teu LISA. The new service replaces Maerk's US East Coast extra loader service that provided regular FE-USEC connections on flexible rotations since June 2023.
Maersk has revised the rotation of the Intra-Asia 5 (IA-5) service from 17 March 2024 to call at Shanghai, Busan, Moji, Shanghai, Ningbo, Shekou, Tanjung Pelepas, Thilawa, Yangon, Tanjung Pelepas, Muara, Tawau, General Santos, Davao, Cagayan de Oro, Shanghai. The revised IA-5 service will turn in 7 weeks and will deploy 7 ships of 1,700 teu. The rotation is shortened by 1 week compared to the previous service that called at Shanghai, Dalian, Incheon, Busan, Tokyo, Yokohama, Nagoya, Osaka, Busan