Maersk Line could achieve significant cost reductions if authorities in the US and China approve the announced collaboration with Swiss MSC.
If the alliance is cleared, Maersk Line expects annual savings of around USD 350 million, says the carrier in the material distributed at the Maerk Group's Capital Markets Day on Wednesday. Maersk Line also stresses that these expectations depend on the approval from the US Federal Maritime Commission, FMC, as well as China, both of which are currently studying the collaboration.
The material also includes the carrier's expectations regarding new capacity. From 2015 to 2019, Maersk Line expects to invest an average of USD 3 billion in new ships.
"Current orderbook not sufficient to grow with market - 425,000 teu new capacity needed for delivery in 2017-2019," says the Maersk Group in the introduction to its Capital Markets Day in Copenhagen today, Wednesday, September 24.
This corresponds to more than 23 of Maersk Line's largest vessels, Triple-E, which has a capacity of 18,000 teu.
The new ships will support Maersk Line's position with low costs by being the biggest carrier on all services where the company operates. Maersk Line notes that the surplus of smaller ships in the container segment makes it attractive to charter ships there.
The container carrier adds that Maersk Line is currently able to deliver on the medium-long term, and that it plans to invest in disciplined manner.
Maersk Line has performed investments for an average USD 2.3 billion per year in the period 2003-2013, though the figure for 2013 was down at USD 1.6 billion.
The graph comes from "Towards a premium conglomerate" and is based on an expected annual growth in demand of 4-6 percent.
Source: Maersk Line
Maersk and MSC reveal the 2M network
China ready to surpass Triple-E
More from ShippingWatch
SDK Freja anticipates steep earnings drop following record year
Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.
Draft and bottlenecks have become new barriers for grain exports out of Ukraine
With major ports mined and few exits out of Ukraine, small ships are piling up in an attempt to export grain. CEO of bulker company BPG Shipping/Kronos Bulkers Gennadiy Ivanov presents his views of the impact of the war.
LNG carriers concerned about increasing ship prices
The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.
Maersk ships delayed up to three weeks on US east coast
Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.
Desmi founder on selling life's work: "A company of a certain age, you can't own forever"
Despite a big, long-awaited sale, Henrik Sørensen continues at the helm of his life’s work, maritime technology provider Desmi. In an interview with ShippingWatch, the Danish owner elaborates on the decision to sell a majority stake and the next step for the pump manufacturer.
Head of Airfreight 
Finance Controller 
Senior Legal Counsel with a focus on Offshore Renewables 
Safety Leadership & Transformation Manager 
Head of Vessel Operations