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Thursday, March 28, 2024
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A P Moller Maersk News

08 Feb 2024

Maersk to Spin Off Svitzer

© harlequin9 / Adobe Stock

Denmark's A.P. Moller-Maersk said on Thursday it will spin off its towage and marine services activities and plans to list the new company on the Nasdaq Copenhagen stock exchange.Maersk has sought to streamline its business in recent years, spinning off oil rigs and other units that did not fit with its core shipping and logistics operations.The anticipated first day of trading for the shares of the new company, to be called Svitzer Group, is on April 30, Maersk said as it reported…

07 Feb 2024

Maersk Operations Disrupted in Some Locations in Americas

© pedisuk / Adobe Stock

Shipping company A.P. Moller-Maersk A/S is experiencing computer network issues that are disrupting operations in some locations in the Americas, Bloomberg News reported on Wednesday.Maersk said there was "no indication" of malicious or cyber activity, the report said, citing an emailed statement.Maersk did not immediately respond to a Reuters request for comment.(Reuters - Reporting by Devika Nair in Bengaluru; Editing by Rashmi Aich)

29 Jan 2024

Maersk Names Charles van der Steene President for North America

Charles van der Steene (Photo: Maersk)

A.P. Moller - Maersk (Maersk) announced it has appointed Charles van der Steene as the new Regional President for North America, effective February 1, 2024. With the move, van der Steene will join the company’s Executive Leadership Team.A logistics industry veteran, van der Steene joined Maersk in 2011 with deep global experience in commercial leadership, operations and general management. He previously led Maersk’s commercial organization in North America and most recently headed up Maersk’s Global Commercial Excellence and Transformation organization.Narin Phol…

25 Jan 2024

Maersk Names First Large Methanol-Enabled Vessel

Source: Maersk

The world’s first large methanol-enabled container ship has been named Ane Mærsk at a ceremony in the shipyard of HD Hyundai Heavy Industries in Ulsan, South Korea.The 16,000 TEU vessel is named after Ane Mærsk Mc-Kinney Uggla, the Chair of the A.P. Moller Foundation and A.P. Moller Holding. Ane’s eldest granddaughter served as godmother, and christened the vessel by breaking a champagne bottle over the bow.Ane Mærsk is the first of Maersk’s 18 large methanol-enabled vessels that will be delivered between 2024 and 2025.

12 Jan 2024

APM Terminals to Develop Container Terminal at Plaquemines Port

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Plaquemines Port Harbor and Terminal District announced it signed a letter of intent (LOI) with APM Terminals (APMT) to build a container terminal on the West Bank of Plaquemines Parish, La.Plaquemines Port will lease the land to APM under a 30-year agreement with extension options. APMT, one of the largest terminal operators in the world and is a subsidiary of shipping giant A.P. Moller-Maersk, estimates the initial investment in terminal infrastructure will be approximately $500 million…

28 Dec 2023

Maersk Signs Methanol Bunkering MoU with City of Yokohama

Kohei Yamamoto, Head of Public Affairs-Japan, Maersk, Dr. Takeharu Yamanaka, Mayor of Yokohama and Masashi Fujii, President of Mitsubishi Gas Chemical signed the MOU. (Source: Maersk)

A.P. Moller-Maersk has signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical. The agreement will focus on the development of green methanol bunkering infrastructure in Yokohama as Maersk’s 16,000 TEU green methanol-powered container vessels will be delivered since 2024.Maersk has a target of achieving net-zero emissions by 2040 throughout its entire business. For shipping, it will equip its 25 container vessels with dual-fuel engines capable of sailing on green methanol.

21 Dec 2023

ACBL Names Schappell SVP of Logistics & Network Operations

Steve Schappell (Photo: ACBL)

Jeffersonville, Ind. based marine transportation company American Commercial Barge Line (ACBL) announced Steve Schappell has been appointed Senior Vice President of Logistics and Network Operations after entering the role on an interim basis in September.Schappell, who joined ACBL in July 2021 as Vice President of Supply Chain and Continuous Improvement, was selected for the position over several external candidates, the company said.Reporting directly to ACBL CEO Mike Ellis, Schappell is responsible for ACBL's Fleets, Terminals, and Interchange business unit.

15 Dec 2023

Maersk to Pause All Container Ship Traffic Through the Red Sea

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Danish shipping company A.P. Moller-Maersk will pause all container shipments through the Red Sea until further notice, a spokesperson for the company told Reuters on Friday."Following the near-miss incident involving Maersk Gibraltar yesterday and yet another attack on a container vessel today, we have instructed all Maersk vessels in the area bound to pass through the Bab al-Mandab Strait to pause their journey until further notice," the company said in a statement.Maersk on Thursday said its vessel Maersk Gibraltar was targeted by a missile while travelling from Salalah…

15 Dec 2023

Yemen's Houthis Attack Two Ships with Missiles

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Attacks from Houthi-controlled Yemen struck two Liberian-flagged ships in the Bab al-Mandab Strait on Friday, a U.S. defense official said, underlining the threat to vessels in shipping lanes being targeted by the Iran-aligned group.Danish shipping company A.P. Moller-Maersk said it would pause all container shipments through the Red Sea until further notice. German container line Hapag Lloyd said it was considering a similar move.A projectile, believed to be a drone, struck one of the Liberian-flagged vessels, the German-owned Al Jasrah, causing a fire but no injuries, the U.S.

14 Dec 2023

Maersk Says Containership En Route to Saudi Arabia was Targeted by Missile

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Danish shipping company A.P. Moller-Maersk said on Thursday its container ship Maersk Gibraltar was targeted by a missile while traveling from Salalah, Oman, to Jeddah, Saudi Arabia and that the crew and vessel were reported safe.It was not immediately clear if the missile had struck the vessel or not."At this time, we are still working to establish the facts of the incident," Maersk said in a statement.The incident took place near the Bad al-Mandab Strait linking the Red Sea and the Gulf of Aden…

12 Dec 2023

X-Press Feeders to Use Green Methanol in Q2 2024

(Photo: X-Press Feeders)

Singapore-based container shipper X-Press Feeders plans to use green methanol bunker to fuel part of its fleet in Europe in the second quarter of 2024, a senior executive said on Tuesday.The move comes as the European Union will extend its Emissions Trading System (ETS) next year to cover carbon dioxide emissions for all ships of 5,000 gross tonnage and above entering EU ports.Shippers can buy carbon credits to offset emissions or burn lower-carbon fuels such as methanol and biofuels, although supply of these fuels is limited.

07 Dec 2023

Maersk to Deploy First Large Methanol-Enabled Vessel on AE Trade

Source: Maersk

A.P. Moller - Maersk is about to launch the first of its 18 large methanol-enabled vessels currently on order. On February 9, 2024, it will enter service on the AE7 string connecting Asia and Europe, which includes port calls in Shanghai, Tanjung Pelepas, Colombo and Hamburg, with Ningbo, China, being its first destination.The container vessel built by Hyundai Heavy Industries (HHI) in South Korea has a nominal capacity of 16,000 TEU and is equipped with a dual-fuel engine enabling…

07 Dec 2023

COSCO Signs Up for Methanol Retrofits

(Photo: MAN Energy Solutions)

COSCO Heavy Industry Shanghai Co. Ltd. has signed a contract with MAN Energy Solutions for the methanol retrofit of four main engines from COSCO Line’s Camellia and Virgo -class vessels – 13,800 and 20,000 teu respectively. Currently equipped with single-fuel MAN B&W 11S90ME-C10.5 engines, the vessels will be retrofitted to dual-fuel MAN B&W 11S90ME-LGIM10.5 units capable of operating on fuel-oil or methanol, in the process becoming the first vessels in COSCO’s fleet to sail on methanol.The contract also includes an option for the retrofit of an additional nine vessels from the line’s 20…

07 Dec 2023

Maersk debuts Israel Shipments Surcharge to Cover Insurance

A.P. Moller-Maersk said it will introduce a risk surcharge next year on container shipments to Israel to cover rising insurance premiums due to the security situation."Moving into 2024, insurance premiums continue to be raised for vessels bound for Israel, which has brought about the need for Maersk to officially implement an Emergency Risk Surcharge (ERS)," the company said in a statement."The surcharge will be used to accommodate additional insurance costs and ultimately ensure a continued and sustainable service for our customers to Israel," it added.Customers will from Jan. 8 face a $50 surcharge on 20-foot containers while the charge for containers measuring 40 and 45 feet will be $100, Maersk said.(Reuters)

04 Dec 2023

Shipping CEOs Call for End to Fossil-Only Newbuilds

Source: CMA CGM

The CEOs of leading global shipping lines issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the IMO to create the regulatory conditions to accelerate the transition to green fuels.The only realistic way of meeting the IMO’s 2030, 2040 and net-zero 2050 goals is to transition from fossil to green fuels at scale and at pace, they say.Their joint declaration calls for:• An end date for new building of fossil fuel-only vessels and a clear GHG Intensity Standard timeline to inspire investment confidence…

21 Nov 2023

Maersk and The Ocean Cleanup Forge Ahead in Plastic Capture

Credit: The Ocean Cleanup

Offshore vessel owner Maersk Supply Service, A.P. Moller – Maersk,  and The Ocean Cleanup have agreed to extend their collaboration to complete the validation of the system by The Ocean Cleanup which is said to be able to consistently capture significant quantities of plastic from the ocean. The Ocean Cleanup, which has established the plastic capture system said the next step for The Ocean Cleanup is to validate the system from an engineering and ecological perspective, allowing it to demonstrate to governments…

03 Nov 2023

Maersk to Cut at Least 10,000 Jobs as Shipping Boom Unravels

Credit: Fotokon/AdobeStock

Shipping group A.P. Moller-Maersk reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs, and weaker prices.Maersk, which controls about one-sixth of global container trade, transporting goods for a host of major retailers and consumer goods companies such as Walmart and Nike, flagged a steeper downturn in demand than analysts and investors had expected."Our industry is facing a new normal with subdued demand…

11 Oct 2023

Vessels Run Aground in the Rivers of the Drought-hit Amazon Region

© juerginho / Adobe Stock

A barge carrying three trucks and 2,000 empty cooking gas cylinders lies stranded on the vast sand banks of a diminished Rio Negro river after running aground last month, highlighting the plight of river transport in the Amazon region hit by severe drought.Officials warned that low river levels risk disrupting grains exports from nearby farm states. On the Madeira, they said barge routes used by grain firms such as Cargill, Bunge and Amaggi, are open but loads are being reduced as a precaution.Shipping and logistics group A.P.

27 Sep 2023

Maritime Partners Acquires Maersk's USMMI

(Photo: Hendrick Dickson / USN Military Sealift Command)

Maritime Partners, a Louisiana-based provider of maritime financing solutions primarily focused on Jones Act vessels, announced that on September 20, 2023, one of its managed funds acquired Norfolk, Va.-based U.S. Marine Management LLC (USMMI) from Maersk Line, Limited.USMMI owns and operates U.S. flag vessels—including one owned maritime support vessel, three owned tankers, and one bareboat chartered tanker—for charter to the U.S. Navy's Military Sealift Command. It also performs operation and maintenance of U.S. government-owned vessels, and currently has one O&M contract supporting U.S.

26 Sep 2023

Svitzer Expands Its Tug Fleet in Brazil

(Photo: Svitzer)

A.P. Moller - Maersk's towage arm Svitzer announced the continued expansion of its fleet in Brazil, as part of the ongoing growth of its operations in the country.Svitzer Monte KT is the fourth tug to join the fleet in the country since April. The vessel is a sister to three tugs already delivered to Svitzer in 2023, which have been deployed across the ports of Pécem, Paranagua, and Santos on Brazil’s coast. The tug is one of six new Azimuth Stern Drive (ASD) tugs that will be put into operation by Svitzer in Brazil before the end of 2024.

11 Oct 2023

Israel's Ports Feel Strain as Shipping Traffic Slows After Attacks

© Dmitry Pistrov / Adobe Stock

Activity at Israel's ports is slowing after Saturday's attacks by Islamist group Hamas on towns close to Gaza, with the cost of insurance premiums for Israeli shipments soaring amid tightening supplies of food stocks, according to sources and data.Israel's southern coastal city of Ashkelon, which has a small port well in range of Hamas rockets, is not allowing ships to enter, shipping sources said.While the main Israeli ports of Ashdod further up the coast and Haifa in the north…

21 Sep 2023

Partners Agree Emission Reductions on Rotterdam-Singapore Corridor

Source: Port of Rotterdam

The Maritime and Port Authority of Singapore (MPA), the Port of Rotterdam Authority and 20 partners in the Green & Digital Shipping Corridor are working to reduce 20% to 30% of emissions from international shipping by 2030. This was agreed at the third Green Corridor workshop, held this week in Rotterdam.The Green & Digital Shipping Corridor was established in August 2022 to bring together partners across the supply chain to realise zero and near-zero emissions shipping on the Rotterdam-Singapore route, with the ultimate aim to reach net-zero emissions in 2050.

04 Oct 2023

C2X Advances Green Methanol Production Project in Egypt

Source: SCZONE

C2X has signed a comprehensive framework agreement to accelerate the large scale production of green methanol in Egypt.The agreement relates to projects strategically located close to the Suez Canal and was signed with the General Authority for Suez Canal Economic Zone (SCZONE), the Egyptian New and Renewable Energy Authority, the Egyptian Electricity Transmission Company, and the Sovereign Fund of Egypt for Investment and Development.C2X is aiming to build, own, and operate assets to produce green methanol at scale, with A.P. Moller Holding as majority owner and A.P.