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…
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.
Largest Ship to Dock in Colombo
M. V. Mogens Maersk, one of the world’s largest ships will arrived in Colombo yesterday. To mark the occasion, an on-boarding ceremony is being organized at the CICT Terminal at the Colombo port. Senior officials from the Maersk Group and regional office Maersk line in Sri Lanka along with Sri Lankan port officials and the top importers and exporters will grace the occasion. This state –of-the- art triple-E liner is calling on Colombo for the first time and it’s last port of call is Rotterdam. M. V.
Fitch: Maersk Gets Little Solace from Sectoral Diversification
The decision by A.P. Moeller-Maersk A/S to split into two separate divisions - Transport & Logistics and Energy - reflects the challenging fundamentals in the sectors in which it operates, and diminishing counter-cyclical benefits of operating in them in the current economic cycle, Fitch Ratings says. We do not expect the split to significantly improve the performance of the group's separate units, although the increased focus may help long-term strategy execution. We believe…
Maersk May Face Crisis: Economist
Shipping industry faces worse storm than after financial crisis. The industry has been squeezed on both the supply and demand sides: too many vessels have been built and not enough scrapped, while global trade has slowed down. The Economist says that the industry leader A.P. Moller-Maersk is not exempt from the crisis. "Eyes are trained on changes at Maersk Group in particular, which has long set the course for the industry. The Danish line has probably lost only $11 per container moved this year…
Maersk Line Sees Little Impact on Customers' Cargo from Hanjin Collapse
Maersk Line, the world's biggest container shipper and a unit of Danish conglomerate A. * Maersk Line expects minimal impact on its customers' cargo. * Maersk Line on Aug. 30 instructed its global operations centres to not load any cargo onto Hanjin owned vessels. * Says customers have cargo on board two of Hanjin's operated vessels, Maersk Sebarok and Maersk Senang, sailing on the Chennai Express service between Far East Asia and South East India. * Says vessels Hanjin New Jersey…
Seaspan Starts Fixed-rate Charter with Maersk Line
Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 10000 TEU containership, the Maersk Genoa. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., is Seaspan's eleventh 10000 TEU SAVER design containership and fifth delivery in 2016. The Maersk Genoa will commence a five-year, fixed-rate time charter with Maersk Line A/S ("Maersk"). Maersk may extend the charter with two consecutive one-year options. The ship is the second of a total of two 10000 TEU SAVER design vessels to be chartered by Seaspan to Maersk.
Maersk Line Opens Transpacific Service Line
Maersk Line has opened a new transpacific service between Asia and the United States West Coast. The first sailing is scheduled for September 15. "We are responding to increased demand in the Transpacific," says Klaus Rud Sejling, Head of Maersk Line's East-West Network. The service will be calling Yantian, Shanghai, Busan and Los Angeles/Long Beach. It will have six vessels with a capacity of 4,000 TEU per week deployed. The service will be part of the 2M network. (Reporting by Annabella Pultz Nielsen)
Controversy on Hyundai Joining 2M Alliance
The world’s largest shipping alliance 2M partners - Maersk Line and Mediterranean Shipping Co (MSC) - have been quick to offer shippers an alternate service on the transpacific trade in the wake of Hanjin Shipping’s collapse. The Partners are all set to fill the gaps created by Korean owner’s receivership. However, there is controversy over legal force of the contract in which Hyundai Merchant Marine Co. (HMM) signed to join 2M, reports Business Korea. It has been found that HMM signed a memorandum of understanding (MOU) with Maersk Line and MSC in July to join the 2M alliance…
K Line, The Next Takeover Target?
Speculation has been mounting on possible taking over the Japanese shipping company Kawasaki Kisen Kaisha (K Line). According to a FT report, analysts and investors have been baffled by the recent activities of Effissimo, Singapore-based fund had increased its stake in K Line to 37 per cent by early August from 6.2 per cent about a year ago. K Line could be targeted for takeover by Effissimo Capital Management, the firm’s largest shareholder as of early August, according to recent media reports.
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 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 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 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 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.
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 their West Coast customers to ship cargo to Hawaii and Guam. "Maersk Line is carefully watching market developments and reviewing customer requirements. Once these are made clear we will release a plan designed to replace TP1 capacity.