The world’s second-largest container line will offset higher fuel costs by increasing freight charges for customers.
A.P. Moller-Maersk will pass elevated oil prices directly to shippers, its CEO said. The move follows a 15% jump in Brent crude since early June, lifting bunker fuel expenses by an estimated USD 450 million quarterly for the carrier.
Maersk previously absorbed similar shocks in 2022 but now cites contract clauses allowing fuel surcharges. Analysts expect rivals to follow, potentially adding 3-5% to global freight rates by Q4.
Container futures on the Shanghai Exchange rose 2.1% in early trading, while Maersk shares closed up 0.8% in Copenhagen.