A.P. Moller - Maersk reports that its Ocean segment spent $2.708bn more on bunker fuel in 2022 compared to the previous year.
Maersk: Bunker costs, 2018-2022
| Year | $bn | +/-($bn) | +/-(%) |
| 2022 | 8.077 | +2.708 | +50.4 |
| 2021 | 5.369 | +1.534 | +40.0 |
| 2020 | 3.835 | -0.731 | -16.0 |
| 2019 | 4.566 | -0.476 | -9.4 |
| 2018 | 5.042 | +1.670 | +49.5 |
Maersk: Average bunker price, 2018-2022
| Year | Price($/mt) | +/-($) | +/-(%) |
| 2022 | 763 | +279 | +57.6 |
| 2021 | 484 | +112 | +30.1 |
| 2020 | 372 | -40 | -9.7 |
| 2019 | 412 | -12 | -2.8 |
| 2018 | 424 | +103 | +32.1 |
Maersk: Bunker consumption, 2018-2022
| Year | MMT | +/- MMT | +/-(%) |
| 2022 | 10.579 | -0.511 | -4.6 |
| 2021 | 11.090 | +0.768 | +7.4 |
| 2020 | 10.322 | -0.770 | -6.9 |
| 2019 | 11.092 | -0.802 | -6.7 |
| 2018 | 11.894 | +1.499 | +14.4 |
Ocean results: In its financial results, Ocean's profitability reached historically high levels in 2022 as operating earnings (EBITDA) reached $33.77bn — a YoY improvement of $12.338bn — and profit before financial items (EBIT) of $29.149bn was up $11.186bn on the previous period.
Group performance: As regards overall group results, A.P. Moller - Maersk posted a net underlying profit of $29.703bn — an increase of $11.533bn on the previous year's result.
Analysis, 2023: In its guidance for 2023, Maersk said a $100 change in the price of bunker fuel would lead to the group's EBIT varying by $0.4bn.
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