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MAERSK LINE LTD

Maersk Ships Rice to Haiti for Free

Maersk Line, part of the Danish group A.P. Moller - Maersk, will provide free ocean freight for 147 containers (3,525 metric tons) of rice donated by the Government of Thailand to Haiti through the World Food Program. The rice will be split and shipped across four sailings, from Laem Chabang, Thailand to Caucedo, Dominican Republic, before being trucked into Haiti. The first shipment set sail on 15 March 2010, on Maersk Line vessel Maersk Kendal, and is expected to arrive six weeks later towards the end of April. Thomas L. Sorensen, Managing Director of the Maersk Line (Thailand) Co., Ltd, shares, “Maersk Line has a long history of providing disaster relief aid and is pleased to be able to continue in our efforts and support the World Food Programme. Shipping transportation plays an important role in getting aid to Haiti, being an island country. With a large global network and ready vessels, Maersk Line is more than able to handle the logistics involved with the shipment of Thai rice.” “It is also one of Maersk Line’s key business values is to contribute towards the societies we work in and we hope our assistance will help Haiti, as its people work to rebuild their communities”, he continued. In addition to the shipment of rice donated by the Government of Thailand, Maersk Line has shipped 100 containers of aid to Haiti from Venice, Italy


New Members of NOAA’s Hydrographic Services Review Panel

NOAA Administrator Jane Lubchenco recently appointed nine new members to the Hydrographic Services Review Panel, a federal advisory committee that gives NOAA independent advice for improving ocean and coastal navigation products, information, data and services.   “Optimizing the benefits of navigation services and products is a priority for the agency,” said Margaret Spring, chief of staff for NOAA and the agency’s representative to the Committee on the Marine


Atlantic Container Rates To Soar

Starting next year, the price to ship a container across the Atlantic ocean is to soar, as container shipping lines on the Atlantic will be seeking hefty rate increases s next year. Rates for 20 foot containers heading westbound to U.S. Atlantic, Gulf and Pacific ports would rise by $600 from January 1, 2000, carriers in the Trans-Atlantic Conference Agreement (TACA) said. For 40 and 45 ft units the increase would be $750, they said


Maersk Line Introduces Sustainable Container Floors

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New Maersk Line procurement policy for container floorboards aims to reduce demand for illegally logged tropical hardwood Today, Maersk Line announced a new policy to refrain from purchasing containers with floors made of uncertified tropical hardwood. “Illegal logging is widely recognised as a serious threat to forests, people and wildlife. We feel obligated to use our purchasing power to push for higher standards and ensure that the timber we use for container floors come from


Maersk Buying Back Shares, Earnings Up

Shares rise 5 pct after improved guidance, better quarter than expected. Maersk indicates more buybacks after first in its history. Efficiency, cost savings boost Maersk Line compared to rivals. Denmark's A.P. Moller-Maersk announced the first share buy-back in its 110-year history on Tuesday as an overhaul of the sprawling shipping and oil empire leaves it with more cash than it can usefully invest. Maersk shares jumped 5 percent after the company reported better than expected quarterly


Odfjell Elects Klaus Nyborg Director of the Board

Klaus Nyborg (Photo: Odfjell)

Odfjell SE’s Extraordinary General Meeting, held December 9, 2015, supported the Nomination Committee's proposal and elected Klaus Nyborg as new director of the Board.   Nyborg, a Danish citizen, owns no shares in Odfjell SE and has no formal ties to major shareholders of the company, according to Odfjell.   Nyborg was recently Interim CEO of DS Norden AS from 2014-2015, where he has also been on the board since 2012, and chairman since 2015


Maersk Orders 10 Ships from Daewoo

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Maersk Line signed a contract with 's Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build 10 of what the company terms as the world's largest and most efficient vessels, with an option for an additional 20 vessels. Scheduled for delivery between 2013 and 2015, they will entirely change the shipping industry's understanding of size and efficiency. Called the 'Triple-E' class for the three main purposes behind their creation -- Economy of scale


Maersk Container Line Leads in Reliability Says Report

Photo credit Maersk

A new research report confirms the Asia-Europe product 'Daily Maersk' continues to lead competitors in reliabiltiy ratings The report, a joint effort between ecommerce network provider INTTRA and container shipping analyst SeaIntel, examined the performance of the top 20 container lines in schedule reliability. In the past year, Maersk Line has been the No.1 carrier in eight of the months and No.2 for four. The report also highlights, among others


First Triple-E named Mærsk Mc-Kinney Møller

Ane Mærsk Mc-Kinney Uggla, lady sponsor, christens the ship (Photo: Maersk)

Maersk Line’s newest vessel, the first of the Triple-E series, was named this morning in a ceremony at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. It bears the name of the late Mærsk Mc-Kinney Møller, who passed away in April 2012 at the age of 98. Maersk Line CEO, Søren Skou, began the ceremony by welcoming all the special guests and recounting the important tradition of naming ceremonies in Maersk ever since the first


First ORC Operation on Maersk Vessel

ORC Module 125EJW Courtesy  MHI Marine Machinery & Engine

The newly developed waste heat recovery system "Hydrocurrent Organic Rankine Cycle (ORC) Module 125EJW" 1 by MHI Marine Machinery & Engine Co., Ltd. (President: Kazuo Soma, Head Office: Nagasaki) has begun operation on the vessel named Arnold Maersk belonging to Maersk Line. The ORC system enables the utilization of extremely low temperature heat sources to generate electrical power at low-cost and high-efficiency in marine applications


Global Experts Gather for Ship Recycling Seminar

Photo: Class NK

Around 300 people gathered in Tokyo on May 12 to attend a ship recycling seminar held by leading classification society ClassNK. In addition to ClassNK representatives, top industry experts from Asia and Europe discussed the current challenges of ship recycling and what the industry can do to


CMA CGM Aims to Cut Costs by $1 Bln

Photo: CMA CGM

France's CMA CGM, the world's third-largest container shipping firm, reported a first-quarter net loss on Friday and targeted $1 billion in cost cuts to keep operating margins positive during the current market downturn.   Weak freight rates in the past year have left many lines operating


Maersk Line Launches Latin America, Asia Service

Image: Maersk Line

Maersk Line announced changes to its AC network with the launch of its AC1 service, connecting the West Coast of Latin America with Asia, beginning at the end of June.   According to Maerks Line, the AC1 service, connecting the West Coast of Latin America to Asia


'K' Line Takes Delivery of Corona Series Coal Carrier

Kawasaki Kisen Kaisha, Ltd., Tokyo, (“K” Line) has announced the delivery of Corona Victory, an 88,000 DWT-type special coal carrier at Marugame Shipyard of Imabari Shipbuilding Co., Ltd., Japan on May 24, 2016.   Corona Victory  is same type as “K”


Maersk Working to Tow Safmarine Meru to Safety

Safmarine Meru (Photo: Maersk)

Update on the containership collision off Ningbo, China   Maersk Line said it is working with Chinese authorities to develop a plan to tow its severely damaged containership Safmarine Meru to safety.   On May 7, the Maersk-owed Safmarine Meru was heavily damaged and caught fire after


New Global Shipping Alliance a Reality Soon

Image: Hapag-Lloyd

 Major container shipping lines are preparing a lineup a new tie-up -  a new global alliance - to respond to rapid container shipping consolidation, reports WSJ.   William Doyle, member of U.S. shipping regulator Federal Maritime Commission (FMC) said that representatives of the


Safmarine Moves HQ to SA

Photo: Safmarine

International container carrier focused on trade to and from Africa, West and Central Asia, Safmarine will move its head office to Cape Town, South Africa, thereby returning to its roots.    Safmarine was acquired by Maersk Line in 1999


Maersk Ships Set for Alang Recycling Yard

New Maersk Group recycling initiative Photo Maersk

Following the Maersk Group’s recent announcement of its long-term commitment to create more responsible recycling options in Alang, India, an agreement has been reached for the landing of the first two vessels. The Maersk Wyoming and the Maersk Georgia, two Maersk Line container vessels


Hapag-Lloyd, Competitors Form New Pact

File Image: a Hapag Lloyd boxship alongside during cargo operations (Hapag-Lloyd)

To fend against M2, newly forming Ocean Alliance is latest push for economies of scale groups. German container shipping firm Hapag-Lloyd has formed a new alliance with five Asian competitors, it said on Friday, the latest step in an industry reorganisation that is divvying up the global


Asia-N.Europe Box Rates Sag Almost 5 pct

File Image: a Maersk Container Vessel alongside engaged in cargo operations (Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 4.7 percent to $606 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Maersk Begins Alang Recycling

Ship recycling Alang India. Photo: Shree Ram Group

 Following the Maersk Group's recent announcement of its long-term commitment to create more responsible recycling options in Alang, India an agreement has been reached for the landing of the first two vessels.    Maersk Line is to deliver two of its containerships


Japan's Big Three Shipping Lines Form 3rd Largest Alliance

Photo: Nippon Yusen Kabushiki Kaisha

 Japan’s three largest shipping companies - Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K Lines (MOL), and Kawasaki Kisen Kaisha (“K” Line) - and three other carriers worldwide will form the world's third-largest container shipping alliance, reports Nikkei.  


CMIT's Q1 Volume Double

CHINA SHIPPING vessel at Cai Mep Photo APM Terminals

Cai Mep, Vietnam - With five new services calls added to Cai Mep International Terminal (CMIT) since May of 2015, container volume has surged by 130% to 277,303 TEUs for the first three months of 2016, as compared with the same period a year ago


Cai Mep International Terminal Container Volume Doubles

Photo: APM Terminals Global Terminal Network

 Throughput at Cai Mep International Terminal, the APM Terminals facility in Vietnam’s Ba Ria‐Vung Tau province, southeast of Ho Chi Minh City, expanded by 130 percent in the first quarter as new service calls added in 2015 began to impact volumes.  


Boxship's Bottom Line Battered Further by Fuel Rules

File image: credit Marad

Container shipping firms' annual costs have risen by a total $500 million due to new sulphur emissions regulations that have forced vessels to use higher cost fuel, the OECD said in a report on Thursday. Rising fuel costs will further hurt an industry already stung by overcapacity






 
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