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Ocean saw improved profitability to an EBIT of $743 million due to higher rates and stable volumes.

State Minister Raksha Khadse christens the vessel at APM Terminals Mumbai.

Net profit up 56% at $6 billion; results driven by higher demand for containers, terminal business & logistics.

Maersk is expecting underlying EBIT of $5.2-5.7 billion for 2024 on strong Q3 results & strong container market demand.

Alexandra Maersk is 6th vessel in Maersk’s owned fleet that can sail on methanol in its main and auxiliary engines.

Maersk and Hapag-Lloyd will announce which network it expects to put to sea in February 2025 by October 2024

The 225,000 sq. m. facility is the largest single-site logistics & services facility in the Middle East

Ocean saw volume growth & higher freight rates, primarily in Asia exports, reflecting increased supply chain pressure

Maersk now expecting underlying EBITDA of $7-9bn and EBIT of $1-3bn (previously $4-6bn and $-2-0bn, respectively)

The partnership has shipped 1.8 million TEU (23 million tonnes) of New Zealand cargo to market in the past decade

EBITDA decreased from $3.4 billion in Q1 2023 to $1.5 billion in Q1 2024. EBIT decreased to $117 million from $2.3 billion in 2023.

Astrid Maersk is the second of Maersk’s 18 large methanol-enabled vessels, scheduled for delivery between 2024 and 2025