Marine Link
Tuesday, March 19, 2024
SUBSCRIBE

Maersk News

18 Mar 2024

Port of Skagen and Maerskā€™s Stillstrom Partner Up to Decarbonize Anchorage Zone

(Credit: Stillstrom)

The Port of Skagen and Maerskā€™s offshore vessel-charging venture Stillstrom have signed a memorandum of understanding (MOU) to jointly explore the integration of offshore power and charging solutions into the anchorage zone of the Danish port known as Skagen Anchorage.The strategic collaboration aims to address the pressing need for decarbonization in the maritime industry by leveraging innovative technology and sustainable practices.As one of the busiest anchorage zones in Northern Europeā€¦

18 Mar 2024

New International Partnership Set to Speed Up Offshore Wind Installations in US

(Credit: Maersk Supply Service)

Danish offshore marine services company Maersk Supply Service and U.S. vessel owner Edison Chouest Offshore (ECO) have partnered up for the construction and operation of a windfarm feeder concept specifically designed for Maersk Supply Serviceā€™s next-generation wind installation vessel (WIV).The purpose-built feeder spread includes two tugs and two barges to be delivered in 2026. They will be owned and operated by ECO and constructed by Bollinger Shipyards ā€“ the largest privately-owned shipyard group in the United States.As a key component to the installation processā€¦

14 Mar 2024

Hapag-Lloyd to Seek Cost Cuts After Net Profit Slump

Ā© olrat / Adobe Stock

German container shipper Hapag-Lloyd said on Thursday the global oversupply of container ships and a crisis in the Red Sea will force it to cut costs in 2024, adapting sailings and ports following a bruising 83% fall in net profit.Ship operators face prolonged disruption while Yemen-based Houthi militants are attacking vessels travelling on one of the world's busiest routes, wiping out the benefit from higher freight rates with costly redirections around Africa.Hapag-Lloyd's problems chime with those of competitors such as Maersk and CMA CGM, exacerbated by the arrival of additional ships orde

13 Mar 2024

Ships Above 12,000 TEU Drive 100% Increase in Average Ship Size

Source: BIMCO

Since 2006, the average container ship has doubled in size to 4,580 TEU and ships with a capacity of more than 12,000 TEU has accounted for 51% of the fleetā€™s capacity expansion. Today, just 626 ships provide 36% of the fleetā€™s capacity, and the trend is set to continue as the large ships dominate the order book, says Niels Rasmussen, Chief Shipping Analyst at BIMCO.When the Emma Maersk was delivered in August 2006, the ship was by far the largest container ship in the world. It is 400 metres long, 56 metres wide and has a capacity of about 17,800 (14,000 TEU when delivered).

12 Mar 2024

DOF Bags Shellā€™s Decommissioning Contract for Knarr and Gaupe Fields

Skandi Hera AHTS vessel (Credit: DOF Group)

Norwegian offshore vessel operator DOF Group has secured a ā€˜substantialā€™ subsea engineering procurement removal and disposal (EPRD) contract from Norske Shell in the Atlantic region.The contract outlines 100 combined days of utilization of DOFā€™s vessels Skandi Hera and Maersk Installer.DOF will deliver an integrated solution of project management, engineering, design, analysis and survey.Described as ā€˜substantialā€™ by DOF, this means that the contract is valued between $23.8 million and $47.8 million (NOK 250 million to NOK 500 million).The scope includes recovery and recycling of umbilicalsā€¦

11 Mar 2024

Yard Starts Worldā€™s First Container Vessel Methanol Dual Fuel Retrofit

Source: Zhoushan Xinya Shipyard

Zhoushan Xinya Shipyard held a steel cutting ceremony on March 8, 2024 for the 14,000 TEU Maersk Halifax methanol dual fuel retrofit project, marking what will be the world's first container vessel methanol dual fuel retrofit.Representatives from Maersk project team, ABS, and headquarters leaders and employees of the company attended the ceremony.The vessel is scheduled to arrive in early July this year and will undergo conversion and repair for a period of about three months. To ensure the smooth implementation of the project, the yard has built a 500-ton gantry crane overhead the No.3 dock.

06 Mar 2024

US Container Shippers Slow Walk New Contracts, Eye Easing of Red Sea Rate Hikes

Ā© Mariusz / Adobe Stock

U.S. importers are playing the waiting game with new container shipping contracts, gambling the rate spike from Red Sea vessel attacks will fade and put them in a stronger negotiating position, shipping industry analysts said.Iran-aligned Houthi missile and drone attacks on commercial ships in the Red Sea have forced most container carriers to reroute vessels around Africa and sent spot rates soaring.That price shock is a "gift" that carriers will be giving back when the assaults stopā€¦

27 Feb 2024

New Container Shipping Company Launched in Saudi Arabia

Poul Hestbaek (Photo: Folk Maritime)

A new container shipping line has been launched in Saudi Arabia.The newly formed company, Folk Maritime, will provide feeder vessel and short-sea shipping services in the Middle East and the surrounding region.The Riyadh-headquartered company is led by CEO Poul Hestbaek, who previously served as CEO of Maersk's Hamburg Sud.Other executives include chief commercial officer Saleem Kadernani, chief financial officer Khalid Fawzi and chief human resources officer Abdulrahman Alshangiti.

27 Feb 2024

Houthis Say They Can Reassess Red Sea Attacks if Israeli 'Aggression' Stops

(Photo: Screenshot from video shared by Yemeni Armed Forces)

Yemen's Houthis said on Tuesday they could only reconsider their missile and drone attacks on international shipping in the Red Seaonce Israel ends its "aggression" in the Gaza Strip.Asked if they would halt the attacks if a ceasefire deal is reached, Houthi spokesman Mohammed Abdulsalam told Reuters the situation would be reassessed if the siege of Gaza ended and humanitarian aid was free to enter."There will be no halt to any operations that help Palestinian people except when the Israeli aggression on Gaza and the siege stopā€¦

15 Feb 2024

WSC Proposes Green Balance Mechanism

Ā© Kalyakan / Adobe Stock

As the IMO prepares for negotiations on regulations to support net-zero by 2050 at MEPC 81 in March, the World Shipping Council (WSC) has proposed a greenhouse gas pricing mechanism it calls the Green Balance Mechanism.The aim is to provide a new approach to greenhouse gas pricing which makes it possible to close the price gap between fossil fuels and green fuels, at the lowest possible overall cost:ā€¢ Through the Green Balance Mechanism, fees are taken from fossil fuels and allocated to green fuels usedā€¦

08 Feb 2024

Maersk Warns Oversupply to Hit Profits

Ā© Fotokon / Adobe Stock

Maersk warned on Thursday that container shipping overcapacity would hit profits more than expected this year and that it didn't see a major boost from the jump in freight rates due to Red Sea disruptions, hammering its shares.The warning, which also led the Danish shipping giant to suspend its share buyback programme, is in stark contrast with investors' recent optimism about the sector.Container shipping companies have been among the best-performing stocks in Europe this yearā€¦

08 Feb 2024

Maersk to Spin Off Svitzer

Ā© 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 reportedā€¦

07 Feb 2024

Maersk Operations Disrupted in Some Locations in Americas

Ā© 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)

04 Feb 2024

Ulsan Hosts First Ship-To-Ship Methanol Bunkering Operation

Ane Maersk receiving green methanol from bunkership Golden Sunny Hana (owned by Hana Marine) at the Ulsan Port anchorage. (Source: Ulsan Port Authority)

The Korean Ministry of Oceans and Fisheries and Ulsan Port Authority have announced a world first with the completion of a ship-to-ship (STS) bunkering of green methanol to the 16,000 TEU container ship Ane Maersk at Ulsan Port, South Korea.The Ministry of Oceans and Fisheries established the relevant institutional foundation, including the ā€˜Guidelines for Approval of Self-Safety Management Plan for Methanol Supplyā€™ and accumulated know-how through two methanol supply demonstrationsā€¦

31 Jan 2024

CMA CGM Lines Up Methanol Retrofits

Ā© sheilaf2002 / Adobe Stock

CMA CGM has lined up several of its existing containerships for conversion to dual-fuel methanol propulsion.The French ocean carrier has signed contracts with China State Shipbuilding Corporationā€™s (CSC) Qingdao Beihai Shipbuilding to carry out the conversions starting from mid-2025. The program will reportedly include one or two 9,300 TEU vessels but could grow to up to 10 ships if successful.CMA CGM joins a growing list of container shipping companies that have moved to convert ships to run on methanolā€¦

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 companyā€™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 Maerskā€™s commercial organization in North America and most recently headed up Maerskā€™s Global Commercial Excellence and Transformation organization.Narin Pholā€¦

29 Jan 2024

Danish Frigate Departs for the Red Sea

(Photo: Danish Defense)

Denmark on Monday sent a frigate to the Red Sea, where it will participate in a U.S.-led coalition to safeguard commercial traffic against attacks by Yemen's Houthi militants.The Iran-aligned Houthi have launched waves of exploding drones and missiles at commercial and navy vessels since Nov. 19, in response to Israel's military operations in Gaza.In response, shipping firms have since December diverted hundreds of vessels around southern Africa's Cape of Good Hope, a journey that takes 10-14 days longer and is more costly than the passage via the Red Sea and Suez Canal.Denmarkā€¦

25 Jan 2024

Maersk Names First Large Methanol-Enabled Vessel

Source: Maersk

The worldā€™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. Aneā€™s eldest granddaughter served as godmother, and christened the vessel by breaking a champagne bottle over the bow.Ane Mærsk is the first of Maerskā€™s 18 large methanol-enabled vessels that will be delivered between 2024 and 2025.

24 Jan 2024

US Navy Intercepts Missiles in Red Sea While Escorting Maersk Ships

Ā© Fotokon / Adobe Stock

Maersk said explosions nearby forced two ships operated by its U.S. subsidiary and carrying U.S. military supplies to turn around when they were transiting the Bab al-Mandab Strait off Yemen, accompanied by the U.S. Navy."While en route, both ships reported seeing explosions close by and the U.S. Navy accompaniment also intercepted multiple projectiles," Maersk said in a statement, adding it was suspending Red Sea transits by vessels of the U.S. subsidiary.A spokesperson for Yemen's Houthi military forces said they fired ballistic missiles at several U.S. warships that were protecting two U.S.

23 Jan 2024

Offshore Wind Vessels Charging Study Gets Underway in Irish Sea

(Credit: Stillstrom)

Maerskā€™s offshore vessel-charging venture Stillstrom has launched a collaborative study with EnBW and BP, the developers of the Morgan and Mona offshore wind farms, to assess the viability of integrating offshore charging solutions for service and crew transfer vessels for the two projects.The study will evaluate the operational, technical, and economic viability of integrating offshore charging solutions for Service Operation Vessels (SOVs) and Crew Transfer Vessels (CTVs) intoā€¦

19 Jan 2024

CMA CGM Reroutes More Ships to Avoid Red Sea Attacks

Ā© Bjƶrn Wylezich / Adobe Stock

One of the world's largest container shipping groups CMA CGM on Friday said it would reroute a weekly service between Europe and Australia to avoid attacks in the Red Sea, and that the company expected months of disruption.Attacks by Yemen's Houthi militia on commercial vessels, in response to Israel's war with Palestinian Hamas militants in Gaza, have slowed trade between Asia and Europe, and U.S. strikes against the Houthis have not resolved the crisis.French-based CMA CGM said its weekly NEMO service connecting Europeā€¦

18 Jan 2024

Indian Navy Rescues Crew from US-Owned Ship After Attack Off Yemen

(Photo: Indian Navy)

The Indian Navy said on Thursday it had rescued the crew of a U.S.-owned vessel in the Gulf of Aden after an attack by Yemen's Houthi movement as tensions in the region's sea lanes disrupted global trade.Following the attack on the U.S. Genco Picardy late on Wednesday, the U.S. military said its forces had conducted strikes on 14 Houthi missiles that "presented an imminent threat to merchant vessels and U.S. Navy ships in the region".Attacks by the Iran-allied Houthi militia onā€¦

17 Jan 2024

US Lists Houthis as Terrorists, Business Fears Lengthy Red Sea Disruption

Ā© aerial-drone / Adobe Stock

The United States on Wednesday returned the Yemen-based Houthi rebels to a list of terrorist groups, while business chiefs warned that disruption to shipping in the Red Sea caused by their attacks could affect supply chains for months.Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major powers - an escalation of Israel's more than three-month-old war with Palestinian Hamas militants in Gaza.The Houthis say they are acting in solidarity with Palestinians and have threatened to expand attacks to include U.S.

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week