Continued Investments In New Vessels

Maersk Announces Progress in Fleet Renewal Plan

Continued Investments in New Vessels

In line with its commitment to fleet modernization, A.P. Moller - Maersk (Maersk) is actively signing newbuilding orders and time-charter contracts for approximately 800,000 twenty-foot equivalent units (TEUs). This move builds upon Maersk's fleet renewal program initiated in 2021.

Increased Capital Allocation

Maersk's unwavering commitment to fleet renewal is reflected in its increased capital forecast. The company has raised its annual capital expenditure projection by $1 billion, to a range of $10 to $11 billion, specifically to support its ongoing fleet renewal efforts.

Enhanced Sustainability and Efficiency

Maersk's newbuilding orders prioritize sustainability and efficiency. The company is committed to reducing its carbon footprint by exploring alternative fuels, implementing innovative technologies, and optimizing vessel designs for reduced emissions and improved fuel consumption.

Increased Capacity and Flexibility

The new vessels and time-charter agreements will significantly expand Maersk's capacity and enhance its operational flexibility. The company can respond more effectively to evolving market demands and provide reliable, efficient transportation services to its customers worldwide.

Support for Global Trade and Economic Growth

Maersk's fleet renewal plan not only benefits the company but also contributes to the broader maritime industry and global trade. By investing in modern, efficient vessels, Maersk enables the smooth flow of goods and supports economic growth.

Commitment to Innovation and Leadership

Maersk's continuous pursuit of fleet renewal underscores its commitment to innovation and leadership in the shipping industry. The company remains at the forefront of adopting new technologies, exploring sustainable solutions, and investing in its operations to deliver the highest quality services to its customers.