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Maersk Line

Maersk Line to acquire Hamburg Süd

Dr. Ottmar Guest Photo Hamburg Süd Group

Maersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire Hamburg Süd, the German container shipping line. The acquisition is subject to final agreement and regulatory approvals.  Hamburg Süd is the world's seventh largest container shipping line and a leader in the North - South trades. The company operates 130 container vessels with a container capacity of 625,000 TEU (twenty-foot equivalent). It has 5,960 employees in more than 250 offices across the world and market its services through the Hamburg Süd, CCNI (based in Chile) and Aliança (based in Brazil) brands. In 2015, Hamburg Süd had a turnover of USD 6,726 million of which USD 6,261 million stems from its container line activities.   "Today is a new milestone in Maersk Line's history. I am very pleased that we have reached an agreement with the Oetker Group to acquire Hamburg Süd. Hamburg Süd is a very well-run and highly respected company with strong brands, dedicated employees and loyal customers. Hamburg Süd complements Maersk Line and together we can offer our customers the best of two worlds, first of all in the North - South trades," says Søren Skou, CEO of Maersk Line and the Maersk Group. "We are proud to join the global market leader 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


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


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


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 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


Colombia: Refrigerated Containers Drive Foreign Trade

Photo: Maersk Line A/S

 Maersk Line just published its Colombia trade report for the third quarter of 2016.   Total reefer share of Colombia's exports increased to 21% in Q3 2016 - up from 12% in 2015 - with pineapple and banana the strongest performing products.  


CMA CGM Stays in Red, Pays Back NOL Takeover Loan

File photo: CMA CGM

CMA CGM, the world's third-largest container shipping company, posted on Friday another net loss in the third quarter as freight rates remained weak and it integrated Singapore-based NOL, its biggest-ever acquisition.   The sector was showing the "first signs of stabilisation" as


Hamburg Süd up for Sale

The Santa Teresa, the Santa Rita and the Santa Barbara in the port of Santos. Photo Oetker KG PR

Dr. August Oetker KG announced that after more than 80 years, it is divesting its shipping business and will be selling Hamburg Süd with all activities, subsidiaries and principal assets. Following intensive talks with several interested parties


Oetker Sells Hamburg Süd to Maersk

Photo: Hamburg Süd

 Dr. August Oetker KG announces that, after more than 80 years, it is divesting its shipping business and will be selling Hamburg Süd with all activities, subsidiaries and principal assets.   The world's seventh-biggest container operator, Hamburg Süd


Maersk Considering New Toll System by Suez Canal Authority

Photo: Maersk Line

 AP Moller-Maersk's Maersk Line shipping arm said it is considering proposals from the Suez Canal Authority for a new toll system that could involve advance payments, reports Reuters.   "They have proposd a new payment method and presented it to us, and we are looking at it now


HSH Nordbank Seals Charter of Hanjin Ships to Maersk

Photo courtesy of Hanjin Shipping

Germany's HSH Nordbank has arranged a deal which will see six container ships from collapsed South Korean line Hanjin chartered out to Denmark's AP Moller Maersk, the state-backed lender said on Thursday. This is one of the first examples of Hanjin's lenders looking to resolve the fallout from


Hanjin Take-over: Bidders Begin Due Diligence

Photo: Hanjin Shipping Co Ltd

 Bidders for Hanjin Shipping Co.'s Asia-U.S. route up for sale will start a due diligence process this week, with the asset sale by the country's ailing shipper expected to be completed by next month, Yonhap reports quoting industry sources.  


Korea Dreams it Big for HMM

File Photo: HMM

 The government of South Korea has decided to help Hyundai Merchant Marine (HMM), the nation’s only major shipping line, grow into a mega shipper by all means available, reports Business Korea.   The state plans to provide loans of up to 6.5 trillion won (US$5


Maersk Mulls More Mergers

Photo: Maersk Line

 Mergers like the combination of its three main Japanese rivals -Nippon Yusen KK, Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd - provide relief to an ailing industry that has been characterized by over-capacity, Bloomberg reported Maersk Group as saying.  


Maersk CEO: Rates to Rise as Box Sector Cuts Capacity

File Image: A containership being worked alongside the pier in the port of Boston, Massachusetts (CREDIT: Port of Boston)

A.P. Moller-Maersk on Wednesday disappointed investors with a third-quarter loss for its container business but Chief Executive Soren Skou said he expects freight rates to rise as the industry tackles overcapacity. * Maersk Line posted a net loss of $116 million against analysts' expectations


OCEAN Alliance Vs 2M

Photo: CMA CGM Group

 With Ocean Alliance released its long-awaited network information, with members CMA CGM, China Cosco Shipping, Evergreen Line, and Orient Overseas Container Line to offer 40 services on the east-west trades with 498 port calls, battle looms in the global market as it challenges 2M


HullWiper Delivers 100 Hull Cleans for Maersk Line

Hullwiper in action cleaning the hull of the Maersk ganges. Photo GAC

HullWiper, GAC EnvironHull’s diver-free hull cleaning technology, has completed its 100th clean for Maersk Line. The clean was conducted on the Maersk Ganges in the Jebel Ali Container Terminal, Dubai. The HullWiper Remotely Operated Vehicle (ROV) is an environmentally friendly and


MSC Rolls out New VSA

Photo: Mediterranean Shipping Company

 Mediterranean Shipping Company (MSC) has announces a new vessel sharing agreement (VSA), effective on the Wallaby and Panda services between Australia and Asia.   The VSA will come into force in May 2017, between MSC, Maersk Line, Mitsui O.S.K Lines and Hamburg Sud.  


Cargo Owners in Flight to Safety after Hanjin Collapse

File Image: A Hanjin boxship underway at sea. (CREDIT: Hanjin)

Evergreen Marine says has assured large U.S. customers, while Maersk Line says "strongly hopes" M&A will continue. Cargo owners are becoming more concerned about risks and are shifting their business to shipping lines deemed more financially stable after the collapse of South


Long Beach, LA to Track Maersk Line’s Emissions

Photo: Port of Long Beach

The ports of Long Beach and Los Angeles are partnering with shipping company Maersk Line to measure the environmental benefits of a $125 million upgrade for 12 Maersk containerships.   The initiative will involve the installation of high-tech equipment to track vessel emissions and






 
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