Maersk Bullish on India
BRICS bloc export-import (exim) containerised trade with the world registered a growth of 5.8 per cent in the first half of 2016 as against de-growth of 2.2 per cent in the same period last year was "led by India", reports Times of India quoting Maersk Line sources. Volumes should improve as GDP for BRICS is expected to increase to 5.7 per cent in 2017, an improvement over the previous forecast of 5.3 per cent. "China is expected to grow more than 6 per cent in 2017, India at 8 per cent, Brazil at more than 0.5 pr cent and Russia at above 1 per cent," it said in a release here.
Maersk Line Implements BigOceanData Vessel Tracking
BigOceanData and Maersk Line have entered into a two-year agreement whereby BigOceanData will deliver vessel tracking services to Maersk Line. The initial system went live on August 1, 2016 and is already in use in operation centers around the world on both desktop and mobile devices. BigOceanData is now working with Maersk Line to optimize the vessel tracking system for their in-house systems. BigOceanData is initially being used to track Maersk Line’s fleet, a total of approximately 630 owned and chartered vessels…
Hanjin Wants to Sell to Maersk
The Seoul Central District Court has approved a divestment of Hanjin Shipping's Asia-US network and the bankrupt carrier has encouraged Maersk Line to bid on the assets, according to The Korea Economic Daily. It was reported that the ailing Korean shipping company recently contacted Maersk Line, the world's largest container shipping company, to take part in the bidding for the deal. According to the Court on October 13, Hanjin Shipping is set to undertake a main bidding on November 7 after making a business transfer notification on October 14 and taking letters of intent by the 28th.
Maersk Not Interested in Hanjin, Hyundai
There has been reports that Danish conglomerate A.P. Møller-Mærsk A/S , the world’s No. 1 shipping company, could seek to take over Hanjin Shipping Co. and Hyundai Merchant Marine Co. However, WSJ, quoting sources says that Maersk Line isn’t likely to move to buy either Hyundai or Hanjin contrary to industry speculation that it would take over either one or both of the troubled Korean cargo ship operators. Instead, the company is likely to wait for other distressed operators to seek buyout deals as they try to avoid bankruptcy, the people said.
Maersk Mulls Quick Acquisitions
Danish shipping giant A.P. Moeller-Maersk A/S’s container altered its strategy this month by planning to expand its fleet through acquisition, breaking from its previous preference of building its own boats, reports Forbes. Though, container line, which this month ditched a strategy of building new vessels and will instead try to grow through acquisitions, is targeting South Korea’s two biggest shipping firms, Bloomber quoted as Jefferies International Ltd, saying. Maersk Line’s…
Maersk Line Orders 14,800 New Reefer Containers
Maersk Line has ordered 14,800 new reefer containers in 2016, driving the average age of its 270,000 unit reefer container fleet down to 7.9 years. Part of the reefers replace older equipment, and add to the 30,000 reefers acquired by Maersk Line in 2015. “We continue to invest and modernize our reefer fleet to include the latest technologies in supply chain visibility and cargo care,” said Shereen Zarkani, Head of Reefer Management, Maersk Line. The new reefers feature built-in Remote Container Management (RCM) technology…
Concor Consortium to Bid for Colombo Container Terminal
Container Corporation of India (Concor) has formed a consortium with APM Terminals B.V., John Keells Holdings and Maersk Line in order to bid for the development of East Container Terminal in Colombo, reports Hindu Business Line. The total project value is likely to be about $550-600 million. The Colombo Port currently has four container terminals. In 2008, a new harbour basin, the Colombo South Harbour was developed to accommodate deep draft vessels and the Sri Lanka Ports Authority (SLPA) decided to develop four new terminals…
Maersk Line Returns to Iran
The latest country included in the Maersk Line organization is part of the UAE cluster comprising of UAE, Oman, Qatar and Iran. Christian Juul-Nyholm, Managing Director, UAE Cluster, is upbeat about this development. He says, “Global container trade has matured over the past years and is growing at a slower pace. Iran has the potential to be the market which stands out with faster growth. With a long and proud history in Iran, we are very pleased to be back, offering our customers access to our global network and vast pool of equipment including the most modern reefer fleet.
Facing Criticism, Maersk Defends Its Shipbreaking Practices
Shipping conglomerate A.P. Moller-Maersk said on Monday it was striving to improve workers' rights at shipbreaking yards it uses in India after criticisms of hazardous conditions. The Danish company also expressed regret that a ship it sold this year, the "North Sea Producer", had then been taken to a shipbreaking yard in Bangladesh, after Danish media last week showed workers using precarious rope ladders to climb the hull. Most shipping companies send old ships to shipbreaking yards in India…
Agility, Maersk Join to Slash CO2 Emissions
Agility Logistics, a leading global logistics provider, has signed an agreement with Maersk Line, to cut CO2 emissions by 15% per container transported for Agility shipments by 2020. The agreement is part of Maersk’s Carbon Pact Challenge, an initiative under which Maersk Line and its key customers work together to drive down harmful emissions and reduce the environmental impact of container shipping. As part of the agreement, Agility and Maersk will look for ways to cut emissions by shipping cargo on more fuel efficient ships…
Skou Appointed CEO of Maersk Line
Søren Skou has been appointed new CEO of Maersk Line with effect from 16 January 2012. Søren Skou was previously CEO of Maersk Tankers and replaces Eivind Kolding who is leaving Maersk Line to become Chairman of the Executive Board of Danske Bank. ”Under Eivind Kolding’s skilled leadership, Maersk Line has undergone an impressive turnaround. Its competitiveness has improved significantly and at the same time, Maersk Line has set new standards for the industry with regards to environment and reliability.
Maersk Line Honors Al Sharqi Shipping
For the fourth time in a row, Al Sharqi Shipping was awarded the Maersk Platinum Award, recognizing the company once again as a top Maersk Line customer. The most recent award, presented on February 24, 2016 for the year 2015, marks the fourth consecutive Platnium win with Maersk line - 2012 to 2015. The Gala Dinner was held at Nassima Royal Hotel, Dubai. In a gathering of barely 45 attendees, the intimate and exclusive ceremony was attended by senior officials from other freight forwarding and logistics companies and the top official of Maersk line Marc Gijsbrechts…
Maersk: Partnership on Low-Sulfur fuel In Singapore
Maersk Line welcomes the Maritime Singapore Green Initiative and actively supports a joint industry approach to cleaner fuels in Singapore. Copenhagen, Singapore: April 13, 2011 - Today, Maersk Line announced its active participation in the Maritime Singapore Green Initiative by committing to switching to low-sulphur fuel in Singapore. The announced fuel switch backs up the Maritime and Port Authority of Singapore’s engagement with the shipping line community to reduce carbon and sulphur emissions in Singapore.
Maersk Line's Improves Asia-West Coast South America network
Maersk Line's new and improved Asia-West Coast South America network gives an optimised service to Chile and Peru with faster transit times and direct connections. It also offers a new service with fast and direct connection to South Asia, the company said in its press release. Dean Rodin, Maersk Line Head of Latin America & Oceania trades introduced the improve AC network, between Asia and West Coast South America in a video supplied by the company. Maersk Line gives faster, more consistent services that bring Asia and West Coast South America closer together.
Maersk Line Gets new AEO number
Maersk Line has been re-certified as an Authorised Economic Operator (AEO) with the AEO-F, the highest achievable accreditation in the European Union programme. The status benefits customers in several ways. The AEO-F certificate is granted to companies that meet particularly high safety and security standards in global trade, and is similar to the US C-TPAT, which Maersk Line also holds. In connection with Maersk Line’s separation from A.P. Moller-Maersk into its own legal entity, Maersk Line’s new AEO number is: DK AEOF 14-5317817. “Maersk Line was an early participant in the EU AEO programme and backs the imbedded values and visions of being a trusted supply chain partner” said Lars Lorenzen, Shore & Supply Chain Safety and Security at Maersk Line.
Maersk, Hutchison Ports in Terminal Deal
Maersk Line signed a 10-year agreement for terminal usage for Maersk Line at Trinity Terminal, the Port of Felixstowe, UK. This agreement between Maersk Line and Hutchison Ports recognizes the importance of joint co-operation in the shipping industry and reflects both companies' commitment to long-term planning in the UK. Doug Bannister - Managing Director Maersk Line UK and Ireland - said: "Maersk Line has an unrivalled global network and we strive for unmatched reliability. This new agreement with the Port of Felixstowe means we have capacity guaranteed, giving us greater control over the operation of our vessels. The agreement - signed in May - will provide Maersk Line with reliable capacity to service its regular vessel calls into Felixstowe for the next 10 years…
Maersk Ships Rice to Haiti for Free
Maersk Line, part of the Danish group A.P. Moller - Maersk, will provide free ocean freight for 147 containers (3,525 metric tons) of rice donated by the Government of Thailand to Haiti through the World Food Program. The rice will be split and shipped across four sailings, from Laem Chabang, Thailand to Caucedo, Dominican Republic, before being trucked into Haiti. The first shipment set sail on 15 March 2010, on Maersk Line vessel Maersk Kendal, and is expected to arrive six weeks later towards the end of April. Thomas L. Sorensen, Managing Director of the Maersk Line (Thailand) Co., Ltd, shares, “Maersk Line has a long history of providing disaster relief aid and is pleased to be able to continue in our efforts and support the World Food Programme.
Maersk Leads Fuel Switch at Port of Virginia
Maersk Line will switch to low-sulfur fuel while at berth for all of its containerships calling the Port of Virginia starting in February. This fuel switch program will help improve air quality in the greater Hampton Roads area by significantly reducing emissions of sulfur and nitrogen oxides and particulate matter. Maersk Line is the lead shipping line to participate in the fuel switch program sponsored by the Commonwealth of Virginia through the Virginia Port Authority (VPA) and the Virginia Department of Environmental Quality (VDEQ), as well as the U.S. Department of Transportation.
Maersk Line Introduces Sustainable Container Floors
Today, Maersk Line announced a new policy to refrain from purchasing containers with floors made of uncertified tropical hardwood. “Illegal logging is widely recognised as a serious threat to forests, people and wildlife. We feel obligated to use our purchasing power to push for higher standards and ensure that the timber we use for container floors come from responsible forestry,” says Jacob Sterling, Head of Climate & Environment, Maersk Line. Traditionally, shipping lines have had their containers fitted with tropical hardwood floors.
Maersk Line Establish Iraq Presence
Until very recently Iraq was seen as being too dangerous for Maersk Line to risk opening an office. Thankfully conditions are changing, and Maersk Line is determined to do its bit to both capture business for itself and facilitate growth in the local economy. Positioning itself in a high growth market, Maersk Line opened a branch office in Iraq in January 2012. This strengthened its sales presence in a region where the value of goods and services produced is expected to grow by 8.6% this year. Maersk Line is currently the fifth biggest player in Iraq, having doubled its market share this year to between 10% and 12%. Maersk Line’s new branch is in the port of Umm Qasr, in the Basrah region of Iraq. The port is central to trade in Iraq, with containers arriving from all over the world.
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. 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…
Maersk Line named race partner for the Volvo Ocean Race
The world’s largest container shipping company, Maersk Line, is the official shipping partner for the Volvo Ocean Race, the pre-eminent round-the-world yacht race. The race takes place from 4 October 2014 to 27 June 2015. During the nine month race, seven 65-foot (19.8-metre) racing yachts will embark on a nine-leg journey across five oceans. “The Volvo Ocean Race is about seamanship, teamwork, overcoming challenges, being innovative and attuned to the environment. Maersk Line’s claim: “Your Promise. Delivered” is based on the insight that we create simple and reliable solutions so our customers can fulfil promises to their customers. The Volvo Ocean Race has made a promise to deliver a memorable race experience for thousands of fans, sponsors and participants across the world.
Maersk Line CEO Expects Shipping Consolidation to Speed Up
The world's number one container shipping company Maersk Line expects consolidation in the industry to speed up as freight rates fall due to too many vessels for too few goods, Chief Executive Soren Skou from Maersk Line said on Monday. "I expect a number of deals," Skou told Reuters in an interview. Singapore-based Neptune Orient Lines said on Saturday it is in preliminary discussions with France's CMA CGM and A.P. Moller-Maersk, which controls Maersk Line, about a potential acquisition of NOL.