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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

For the full year 2023, Maersk reported a profit of $3.9bn as against $29.7bn in 2022 - a drop of 87%

Ane Mærsk is the first of Maersk’s 18 large methanol-enabled vessels that will be delivered between 2024 and 2025

Gemini Cooperation will cover seven global trades and offer 26 mainline services

Around 480,000 sq.m. warehouse capacity to be added by 2026; build green fuel infra & introduce EV trucks by mid-2024

United view at COP28 on concrete regulatory measures for investment conditions critical to accelerate green transition