The firm operated a fleet of 21 dual-fuel container ships as of the end of Q1. Image Credit: Maersk
Maersk consumed 2.51 million FOEmt in Q1 vs 2.65 million FOEmt last year
Q1 average bunker price $486 FOEmt, down from $577 FOEmt in Q1 2025
Operates 21 dual-fuel container ships
Container shipping company AP Moller-Maersk saw Q1 2026 bunker consumption drop by 5.3% from Q1 2025 on efficiency gains.
The firm consumed a total of 2.51 million fuel oil equivalent tonnes (FOEmt) in Q1 2025, down by 5.3% from Q1 2025 and 3.7% from Q4 2025, it said in an earnings release on Thursday.
The company also said that, effective from Q1 2026, fuel oil equivalent tonnes have become its standard reporting unit for bunker consumption, replacing metric tonnes (MT).
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Maersk is among the world’s largest bunker fuel consumers
“This transition reflects the company’s progress on its energy transition journey, as a growing share of energy consumption now comes from lower-GHG-emission fuels with lower calorific value compared to conventional fossil fuels,” it said.
The company operated a fleet of 21 dual-fuel vessels capable of running on methanol as of the end of March.
Maersk is one of the world’s largest consumers of bunker fuel.
The firm consumed 6.05 FOEkg per TEU per day of marine fuel in Q1, down from 6.57 FOEkg/TEU day in Q1 2025.
The average bunker price for the firm in Q1 was $486 FOEmt, down from $577 FOEmt in Q1 2025.
The company said the Middle East crisis had a limited impact on its Q1 performance but has added uncertainty moving forward.
“We’ve seen strong demand across most regions this quarter, supporting robust volume growth in our three business segments, Vincent Clerc, CEO at Maersk, said.
“In Ocean in particular, market volatility remains high and industry oversupply continues to put pressure on rates.”
Ship & Bunker News Team
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