Maersk

Services

Maersk & Hapag-Lloyd launch 2 new Cartagena-US Gulf feeder services

Maersk and Hapag-Lloyd will launch 2 new feeder services to provide connections between the Colombian hub of Cartagena with US Gulf coast ports from March 2025. These services are operated by Maersk as part of the Gemini Cooperation network to the US Gulf:- * The America Shuttle 1 (AM1) / Florida Shuttle (FLS) service will connect Cartagena, Miami, Jacksonville, Cartagena from 17 March 2025. The service will turn in 14 days using the 2,544 teu ERATO and 2,532 teu MAERSK NESTON * The IAM Ameri

Services

CMA CGM and Maersk to launch new Asia-East Coast South America (SEAS 3/ASAS2) service

CMA CGM and Maersk will launch a new jointly operated Asia-East Coast South America service branded respectively as the the SEAS 3 and ASAS2 calling at Shanghai, Shekou, Cai Mep, Singapore, Santos, Singapore, Shanghai from 8 April 2025. The SEAS 3/ASAS2 service will turn in 11 weeks and will deploy 11 ships of 5,000 teu to 8,000 teu, with CMA CGM operating 7 ships and Maersk operating 4 ships. The service will connect at Santos for relay to other East Coast Latin American ports and will also pr

Services

Maersk adds new Safina service

Maersk will launch a new Safina service connecting Singapore, Tanjung Pelepas, Salalah, Duqm, Jebel Ali, Colombo, Singapore from 23 February 2025, replacing its existing Safina that it operates jointly with X-Press Feeders as the China Jebel Ali X-Press (CJX). The existing Safina/CJX calls at Shanghai, Ningbo and Shekou will be removed while new calls at Salalah and Duqm are added. The revised service will turn in 5 weeks using ships of 2,000-3,000 teu.

Services

Maersk and Hapag-Lloyd roll out Gemini Cooperation feeder services in Asia

Maersk and Hapag-Lloyd will roll out 4 new intra-Asia feeder services from February 2025 in conjunction with the launch of the new Gemini Cooperation network, with the following rotation details: * Taiwan Express (TWX) calling at Taichung, Kaohsiung, Tanjung Pelepas, Singapore, Taichung. The service will turn in 14 days using 2 ships of 2,400-2,700 teu starting with the 2,702 teu GABRIELA A at Taichung on 6 February 2025 followed by the 2,433 teu CUL QINGDAO. * China Philippines Feeder (CPF)

Services

Maersk to launch SLN - Mediterranean Sea C

Maersk will launch a new SLN (Mediterranean Sea C) service calling at Barcelona, Valencia, Algeciras, Casablanca, Tangier Med, Mersin, Haifa, Alexandria, Fos, Barcelona from 12 January 2025. The service will replace its existing SLZ (Mediterranean Sea A) and SLH (Mediterranean Sea B) services that Maersk operates jointly with Arkas. The SLZ calls at Barcelona, Genoa, Alexandria, Beirut, Mersin, Aliaga, Algeciras, Tangier Med, Valencia, Barelona while the SLH calls at Barcelona, Valencia, Casabl

Companies

Carriers 3Q 2024 results

Market Pulse Week 48: Zim reported net profits of $1.13 Bn and EBIT of $1.24 Bn for the 3rd quarter of 2024, concluding the reporting season for the publicly listed carriers. Zim’s EBIT margin of 44.7% puts it in 4th place behind EMC, HMM and Yang Ming but Zim delivered the highest annualized RoE of 115% in Q3 2024 - twice that of the second-best performer EMC and more than 4 times more than the industry average ROE of 25%. Market Pulse Week 47: Asian carriers have outperformed their European p

Companies

Liners Are Set to Lift Their FY2024 Earnings Guidance

ONE is scheduled to report its calendar Q3 results on October 31, 2024, marking the start of the reporting period for major liners. ONE has projected its Q3 2024 net profit to increase by 88% quarter-on-quarter, while COSCO recently indicated that its Q3 2024 EBIT is expected to rise by 154% quarter-on-quarter. Other liners have not provided guidance for Q3, but those that have offered FY2024 projections suggest their second-half earnings could vary from a decline quarter-on-quarter to an incre

Services

Maersk adds China-ANZ Northern Star service

Maersk will launch a new Northern Star service connecting Shanghai, Hong Kong, Brisbane, Auckland, Nelson, Timaru, Port Chalmers, Napier, Tauranga from 20 October 2024. The Northern Star service will turn in 8 weeks and deploys 8 ships of 2,700 to 3,500 teu starting with the 3,450 teu MAERSK INNOSHIMA at Shanghai on 20 October 2024. Maersk new Northern Star service port rotationFollowing the introduction of the new service, Maersk will revise the rotation of the Southern Star service from 2 No

Services

Maersk to launch new Far East-Indian Subcontinent 1 service

Maersk will launch a new Far East-Indian Subcontinent 1 (FI1) service calling at Colombo, Laem Chabang, Yantian, Hong Kong, Colombo from September 2024. The service will turn in 4 weeks and will deploy 4 ships of 3,500 teu to 7,800 teu starting with the 4,506 teu DYROS at Colombo on 10 September.

Companies

Maersk Turned Around But Still Underperformed

Maersk's liner business turned around in 2Q 2024 after three quarters of negative EBIT but barely got much benefits from the soaring spot freight rates during the 2Q 2024. Average freight rates earned by Maersk up only 1% YoY and 7% QoQ against CCFI's 53% YoY and 12% QoQ. Maersk's liner EBITDA margin at 16.8%, much lower than CMA CGM's 23.9% and ONE's 28.9% in 2Q 2024. So despite of the Maersk's larger fleet, Maersk's EBITDA is 35% below that of CMA CGM's in 2Q 2024. All these three liners that

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