Equity Snap: AP Moller Maersk (MAERSKBDC): Maersk shifts AE15 Gemini service to Trans-Suez route

Research evidence excerpt

Equity Snap: AP Moller Maersk (MAERSKBDC): Maersk shifts AE15 Gemini service to Trans-Suez route

6 July 2026

Equity Snap: AP Moller Maersk Equities Marine

(MAERSKB DC)

Maersk shifts AE15 Gemini service to Trans-Suez

route Denmark

◆ Maersk shifts AE15 Gemini to Trans-Suez; Suez transits still Parash Jain*

53% below pre‑Red Sea rerouting levels, with Xeneta GlobalThe HongkongHead ofandTransportShanghai& LogisticsBanking CorporationResearch Limited

flagging 6‑7% capacity release but a 3‑5 months timeline for parashjain@hsbc.com.hk

+852 2996 6717

full return.

* Employed by a non-US affiliate of HSBC Securities (USA) Inc, and is

not registered/ qualified pursuant to FINRA regulations

AP Moller Maersk (MAERSKB DC, DKK16700.00, Buy, TP DKK19000.00)

(Priced as of 03 Jul 2026)

Structural changes to AE15 Gemini service: Maersk and Hapag-Lloyd announced

a structural change to the AE15 service within their Gemini Cooperation, rerouting it

via the Suez Canal rather than around Africa’s Cape of Good Hope. The first sailing

under the new rotation will be the Majestic Maersk. The revised port rotation is:

Qingdao – Kwangyang – Ningbo – Tanjung Pelepas – Port Said – Damietta –

Colombo – Singapore. This follows the February 2026 transition of the ME11 service,

with AE15 now being the second Gemini service to return to the Red Sea corridor.

Maersk highlighted that the Suez route offers faster transit times and greater

operational efficiency compared to the Cape routing. Maersk noted that the Suez

Canal remains “the fastest, most sustainable and most efficient way to serve

customers with transport between Asia and Europe”. The company emphasised that

crew, vessel and cargo safety remain the highest priority. Maersk and Hapag-Lloyd