Outlook / Forecast
The Maersk Group delivered a profit of USD 224m (USD 1.6bn) and an underlying profit of USD 214m (USD 1.3bn).
The result was negatively impacted by the low oil price and low average container freight rates. The return on invested capital (ROIC) was 2.9% (13.8%).
The dominant paradigm in container shipping is “economies of scale”, but we might be heading for a paradigm shift. Away with mega-carriers, mega-ships and mega-ports! Instead:
- Smaller carriers with fewer assets, less debt, more flexibility; carriers that actually compete with each other.
- Smaller ships to provide more tailor-made solutions to customers.
- More ports called, also to smaller ports with their own local catchment areas, rather than hub and spoke plus long land transport legs.
How could this happen? Five possible drivers.