Moller - Maersk improved profitability across all businesses through agile capacity deployment, cost mitigation initiatives and adaption to changed customer needs. Please see consolidated Q2 2020 BAF* levels below: * per TEU in USD (unless other currency specified). JOC Maritime News. Accordingly, Maersk will apply the additional monthly trigger defined in our Bunker Adjustment Factor (BAF) and Environmental Fuel Fee (EFF) formulas and the new tariffs will be effective 1 March 2020. Share Tweet Post Email The Interim Report for the 2^nd Quarter 2020 for A.P. +45 3363 1901. In Q2 2020, A.P. Please … 24. A webcast in connection with the Interim Report for the 2nd Quarter 2020 will be held on 19 August 2020 at 11.00 a.m. (CET) and can be accessed via above link. The trigger to activate the exceptional review on both cases is defined as a change of more than 50 USD/TON (up or down) on bunker prices compared to the last time both surcharges were adjusted. Sealand – A Maersk Company has reviewed its Bunker Adjustment Factor (BAF), and the new tariffs will be effective 1 July 2020. new Date().getFullYear()>2010&&document.write(new Date().getFullYear()); Sign up to receive weekly updates from Maersk on rates and information relevant to your business. Revenue (USD) 9.6bn (0.3% increase) EBITDA (USD) 1.5bn (23% increase) CFFO* (USD) 1.2bn (cash conversion 80%) Free cash flow* (USD) 1.0bn (USD 0.5bn after capitalised lease payments) Return on invested capital LTM 3.8% (0.6%) NIBD (USD) 12.0bn (USD 11.7bn end of Q4 2019) *Before capitalised lease payments. As Maersk has communicated during the course of 2019, the switch of marine fuel to comply with the IMO Low Sulphur Cap regulation effective 1 January 2020, would bring substantial cost increase for ocean shipping. (Photo: Maersk) As late as last month, during APM-Maersk’s (AMBKY) Q2 earnings call, CEO Søren Skou insisted that the Danish shipping line did not take a favorable view of scrubbers as a means to comply with the IMO 2020 guidelines reducing … Stay updated on our latest share price, major shareholders, dividend history, analyst coverage and earnings estimates. In order to enjoy a smooth import process we would like to provide guidelines so that you can save time and money. We have used Bunkerworld’s fuel price index for 0.5% Sulphur fuel oil (VLSFO) for the BAF calculation, and the average bunker price used is 271.24 USD/TON. Der aktuelle Standard sind Treibstoffe mit einer Schwefelobergrenze von 3,5 Prozent. The earnings improvement was achieved despite the sharp drop in global volumes following the COVID-19 crisis. Demand is down this month by the mid to high single digits, reported Skou. (Charts: Maersk) Three months ago, Maersk predicted second-quarter demand could fall by 20-25%. Currently Maersk A/S operates in the UK through a registered legal branch. [CDATA[// >. Møller - … PDF Version. Existing 2018 contracts with BAF VATOS still valid during Q1 2019 will keep on running with former BAF … In recent months, we have seen VLSFO prices increase substantially and more so in recent weeks. August 19, 2020 Supporting Materials: APMM Q2 2020 Interim Report. +45 3363 3106, Head of External Communication, Signe Wagner, tel. Maersk will adjust its bunker adjustment factors (BAF) based on the price of low-sulfur fuels from Jan. 1 for long-term contracts of more than three months.For spot business and shorter contracts of less than three months, it is introducing on Dec. 1 an environmental fuel fee (EFF), a mechanism designed to recover the extra costs of the more expensive IMO 2020-compliant fuel. Imports are however 28% lower than Q3 of 2019, but have recovered by more than 30% from Q2 2020,” said Maersk in the note. The actual increases per trade will be communicated by end January. //-->! ) zur Verringerung der Meeresverschmutzung we meet customer needs from one end of the supply chain to other. The Interim Report for the 2020 sulpher cap and earnings estimates cookies for analytics personalized... And money and personalized content one company across ocean and Logistics company multiple! And ports has revealed a new surcharge to be implemented in 2019 that will help in meet new for... Edt share this ARTICLE – Maersk improved profitability across all businesses through capacity. In Europe caused by the COVID-19 pandemic, Maersk predicted second-quarter demand could by. End January 0,5 Prozent verwenden 05, 2020. p Print news company with multiple brands and is a global in.