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Maersk Line

Maersk Line increases business while reducing CO2 footprint

 Maersk Line today published its Sustainability Progress Update for 2013, showing a 3.8 million tonnes CO2 reduction in a year where the business grew 4.1%. “2013 was a good year for Maersk Line – financially as well as in terms of our sustainability performance” says Søren Skou, CEO of Maersk Line. “Our fuel efficiency improvements helped cut CO2 as well as air pollutants like SOx and NOx. So even while our business grew, we were able to reduce our environmental impact in absolute terms.”    In 2013, Maersk Line took delivery of the first four of 20 Triple-E vessels. These vessels will set a new standard for energy efficiency. However, the main driver for the strong CO2 performance was the major overhaul of Maersk Line’s network.    One of the challenges outlined in the Sustainability Progress Update is the tightening regulation of sulphur emissions (SOx) that will require ships sailing in so-called Emission Control Areas to switch to cleaner and thus more expensive fuels from January 2015.    “Air emissions are a serious issue in shipping and we support the upcoming regulation. We are, however, concerned about the level of enforcement in Europe. The new regulation will be costly and without proper enforcement, some might be tempted to cut corners


Maersk, Horizon End TP1 Slot Charter Agreement

The slot charter agreement between Horizon Lines and Maersk Line on the Trans-Pacific 1 (TP1) service will cease in December 2010. This weekly service currently calls Yantian, Xiamen, Kaohsiuing, Los Angeles, Oakland, Honolulu and Guam. Horizon Lines operates five vessels in this service. Maersk Line has been utilizing the entire 1100 FFE capacity eastbound, and uses a small amount of space on the westbound rotation. Empty westbound Maersk Line containers are utilized by Horizon Lines for


MAERSK LINE ZERO SOX PROGRAMME PROMPTS NEW FUEL SWITCH SOLUTION

Maersk-line-logo.gif

As part of Maersk Line's drive to cut sulphur emissions from its fleet towards zero, the shipping line continues to expand on its fuel-switch implementations. Today the programme is implemented in New Zealand. Switching from bunker to low-sulphur fuel in New Zealand reduces sulphur to the air by 80-95% in port. The reduction is in this case nine-fold. As a first in the industry, Maersk Line applies its fuel switch programme to a country


China Strikes Down P3 Network

A CMA CGM containership in China (Photo courtesy of CMA CGM)

The P3 Network will not be implemented following decision by the Ministry of Commerce (MOFCOM) in China Today, the Ministry of Commerce (MOFCOM) in China announced that they have not given their approval to the P3 Network. On March 24, 2014, the U.S. Federal Maritime Commission (FMC) decided to allow the P3 Network agreement to become effective in the U.S., and on June 3, 2014, the European Commission informed the P3 partners that it had decided not to open an antitrust investigation


P3 Network Not to be Implemented in China

Vincent Clerc, Chief Trade and Marketing Officer, Maersk Line.

The Chinese Ministry of Commerce (MOFCOM) yesterday announced that they have not approved the P3 Network (P3). P3 was a long-term operational vessel sharing agreement proposed by MSC, CMA CGM, and Maersk Line. The MOFCOM’s decision follows a review under China's merger control rules. The P3 partners take note of and respect MOFCOM’s decision. Subsequently, the partners have agreed to stop the preparatory work on the P3 Network and the P3 Network as initially planned will not


Maersk Line Q3 Performance Better

Søren Skou, CEO of Maersk Line.

Maersk Line said it has achieved improved results in the third quarter of 2014 (Q3) through lower costs and increased rates. Revenue in Q3 was $7.074 million, as volumes increased by 3.7% to 2.4 million FFE. Maersk Line said its strategy is to grow with the market and the increase is in line with the above 3% market growth. Søren Skou, CEO of Maersk Line, said, “I am very satisfied with the result. Not least our return on invested capital is satisfactory and again above our


Hamburg Süd, Maersk Line, and NYK Announce Joint Operations

Hamburg Süd, Maersk Line, and NYK announced that they have reached agreement to operate jointly in the trade between Asia, South Africa, and South America. From mid April, the linew will replace the current three strings (one operated by Maersk Line and two operated by Hamburg Süd and NYK) by two strings with modern and fast vessels. The overall capacity produced by the new two string system is roughly the same as the capacity presently provided by the three Lines


Maersk Chooses DCT Gdansk

Maersk Line announced that with effect from December 1, it will switch its Polish operations from BCT in to the new deepwater container terminal DCT Gdansk. Maersk Line said: “After many years of good cooperation with BCT Gdynia, the time has come to explore new possibilities with DCT Gdansk, allowing Maersk Line to continue to offer its customers a reliable product while maintaining a high level of efficiency  and  cost  effectiveness. 


Maersk Line Still the Leading Carrier on Reliability in Q2

Maersk Raises Outlook

  During the second quarter, the overall industry reliability has improved. However, Maersk Line is pleased to have improved their performance so that they can continue to lead the industry on reliability. The midyear review of Maersk Line by maritime analyst SeaIntel shows an upward trend for the business and a widening gap between industry players. An above-industry rating of 86.1% cements the liner’s lead


Maersk Line Enhances Mesawa Service

Courtesy Maersk

 Mesawa service will  improve transit time into Pointe Noire, Matadi and Libreville  Maersk Line to focus on increasing  market share into these territories  The enhanced Mesawa service called on Mundra Port, on the 8th of March, 2016  To call on JNPT on 11th of March and Colombo on the 13th of March Mumbai, 10th March, 2016:  Maersk Line has announced its improved Mesawa service with direct calls into Pointe Noire in Africa


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


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


Asia-N.Europe Box Freight Rates Soar 37 pct

File Image: A containership alongside at the port of Hamburg. (credit port of Hamburg)

Freight rates for shipping containers from ports in Asia to Northern Europe jumped 37 percent to $720 per 20-foot container (TEU) in the week ending on Friday, a person with access to data from the Shanghai Containerized Freight Index told Reuters.


Maersk Mulls Acquisitions after Surprising Profit

File Image: a Maersk containership alongside (Maersk)

Fragmented sector chasing alliances to cut costs; Maersk has plenty of cash for deals - CEO. A.P. Moller-Maersk returned to profit at its main container shipping business in the first quarter, putting the cash rich company in a strong position as the struggling industry consolidates.


Maersk Returns to Liverpool

(Photo: Peel Ports)

Maersk has been welcomed to the Port of Liverpool with a formal reception for its feeder vessel Antwerp. The event on April 27 was attended by Seago and Maersk representatives along with customers, and was followed by a port tour, including a trip to the top of the 90m Grain Tower.  


Asia-N.Europe Box Rates Dive 13 pct

The CMA CGM Ben Franklin loads cargo alongside the pier (file image: Marad)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 13.1 percent to $636 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.


Two Massive Container Ships Collide

Safmarine Meru . Photo: Maersk Line

Maersk Line's 292-meter (958-foot) Safmarine Meru and  the 318-meter (1,043-foot) Northern Jasper operated by Germany’s  Norddeutsche Reederei H. Schuldt GmbH & Co collided off the coast of China late Saturday with one catching fire, but the crews of both vessels are safe.


GE Enters the Containership Industry

GE’s Marine Solutions has expanded its offering with the signing of a contract to provide auxiliary electric systems to Maersk Line. (Photo: GE)

GE’s Marine Solutions has signed a contract to provide auxiliary electric systems to containership operator Maersk Line’s second generation Triple-E vessels, thus representing GE’s entry into the container shipping industry.  


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


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






 
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