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
Maersk will relaunch its FE-USEC Transpacific TP20 service from April 2024. The new TP20 service will call at Qingdao, Shanghai, Yantian, Panama Canal, Newark, Baltimore, Houston, Panama Canal, Qingdao on a revised rotation that will be different from the last version of the service which called at Jakarta, Cai Mep, Shanghai, Ningbo, Busan, Panama Canal, Mobile, New York, Suez Canal, Jakarta. The TP20 was first launched by Maersk in July 2021 and operated until February 2023 when it was withraw
Maersk has launched a new HP2 intra-Asia service calling at Busan, Hakata, Shanghai, Ningbo, Kaohsiung, Hong Kong, Haiphong, Danang, Yantian, Hong Kong, Nansha, Kaohsiung, Busan from 29 February 2024. The HP3 service will turn in 3 weeks and deploys 3 ships of 1,757-1,781 teu - the NORDTIGER, CELANDINE and HELGOLAND. Maersk HP2 service rotationThe HP2 service replaces the current PA1 services where the 3 ships were previously deployed. The PA1 called at Busan, Hakata, Moji, Hibiki, Busan, Sha
Maersk reported negative group level EBIT at $520m for 4Q 2023, its worst quarterly EBIT loss on record. Operating cash flow was $166m but if its results were still using the pre-IFRS 16 account standards (prior to 2019) when chartering expenses were accounted as a cash outflow, Maersk would have reported negative operating cash flow for the first time. 4Q 2023 Liner EBIT dropped to $920m, a $893m reversal compared to the previous quarter due mainly to the fall in container freight rates which
Maersk will launch a new ME8 service calling at Doha, Dammam, Jubail, Jebel Ali, Abu Dhabi, Duqm, Tanger, Port Said, Barcelona, Tanger, Algeciras, Salalah, Jebel Ali, Doha using the longer route via the Cape of Good Hope. The first sailing will be made on 14 February 2024 with the 9,034 teu SAN CLEMENTE on the westbound voyage at Doha while the 4,253 teu CONSTATINOS P II will make the first eastbound voyage at Port Said on 17 February. The service will turn in 13 weeks on an extended rotation
Maersk has revised the rotation of the Transpacific Express (TPX) from January 2024 with the New TPX (NTPX) service calling at Qingdao, Shanghai, Busan, Seattle, Yokohama, Qingdao. The NTPX will turn in 6 weeks and will deploy 6 ships of 1,700-5,000 teu with the first sailing by the 1,774 teu OSLO TRADER departing from Qingdao on 11 January 2024. It replaces the former TPX service that called at Haiphong, Yantian, Ningbo, Shanghai, Seattle, Long Beach, Yokohama, Xiamen, Haiphong.