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
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
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
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
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 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
Exporters and importers on the Pacific trades stand to benefit from Maersk Line's review of its global shipping network, according to Maersk Line's Senior Vice President, Robert Kledal. The review of Maersk Line's Transpacific services (TP) will result in a number of improvements and the phasing out of two strings. The resulting network will provide optimum port coverage in the region, better connections to growing markets and efficient and cost effective transportation solutions to
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 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.
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, the world's largest container shipping company, told its clients on Tuesday it would raise the freight rate from Far East Asia to Europe by $1,000 per 20-foot container (TEU) as of Aug 1. The company declined to say what the current rate was or what the new rate would be as numbers
The Port of Jacksonville (JAXPORT) has welcomed the 4,400 teu AS Mariana, the first ship in Maersk Line’s new weekly service to Asia through at the port’s Blount Island Marine Terminal. JAXPORT has officially announced the addition of the world’s No
The Marseille-based French company CMA CGM S.A has announced readiness to start operation in Iran on August 6. CMA CGM, the world’s third-largest shipping line in terms of container vessel capacity, will add Shahid Rajaei port in Iran to its Asia-Europe loop
Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 22.8 percent to $400 per 20-foot container (TEU) in the week ended last Friday, data from the Shanghai Containerized Freight Index showed.
Maersk Line has been named Global Carrier of the Year at the Containerization International Awards 2015. It also took home the Shippers’ Choice award, which is voted for by the global container shipping industry. Maersk Line was named Global Carrier of the Year after one of
A refined product tanker owned by Danish shipping company Torm rescued more than 200 migrants off the coast of Libya on Sunday and took them to Italy at the request of the Italian coastguard, the company said. The tanker picked up 222 migrants from two distressed boats off Zawiya
The world’s biggest shipping company, Maersk Line, and its affiliated shipping services, SeaLand and Safmarine, has agreed to continue to call at the Port of Houston after APM Terminals, a unit of Maersk Group, said it was permanently terminating its operations there
Oil and shipping conglomerate A.P. Moller-Maersk said on Tuesday it was experiencing no problems funding operations in Greece or getting paid by Greek customers despite the imposition of capital controls by Athens. Maersk Line, the world's largest container shipping company
The European Court of Justice (ECJ) ruled on Wednesday that damage to water quality must be considered when authorities approve river dredging to expand ports, in a ruling which could hinder expansion at the German ports of Bremen and Hamburg.
Industrial cooperation is high on the agenda during Premier Li Keqiang's stay in France. China's deals with the world's third largest container shipping group - CMA CGM was highlight. "July 1st will be a milestone in our Group’s history
Maryland Lt. Governor Boyd Rutherford, along with congressional, state and local officials, officially welcomed Denmark-based Maersk Line, part of the Maersk Group and the world’s largest container shipping company, to the Helen Delich Bentley Port of Baltimore.
Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose by 60.4 percent to $879 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.
Maersk Line, the world's largest container shipping company, said on Wednesday it has ordered nine 14,000 twenty-foot equivalent units vessels from Hyundai Heavy Industries in a deal worth $1.1 billion. The vessels will join the fleet in 2017 under a Singaporean flag, said Maersk Line
Maritime shipping and offshore classification services provider ABS has been selected to class 11 newbuild ultra-large containerships (ULCs) for Maersk Line A/S of Denmark, the classification society announced today. At 19,630 TEU, Maersk’s second generation of Triple-E
Maersk Line, has appointed GAC to provide husbandry services for its vessels calling at Hong Kong. Maersk Line is part of the Maersk Group, headquartered in Copenhagen, Denmark. It operates 608 container vessels and has 374 offices in 116 countries