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Maersk Line to acquire Hamburg Süd

Dr. Ottmar Guest Photo Hamburg Süd Group

Maersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire Hamburg Süd, the German container shipping line. The acquisition is subject to final agreement and regulatory approvals.  Hamburg Süd is the world's seventh largest container shipping line and a leader in the North - South trades. The company operates 130 container vessels with a container capacity of 625,000 TEU (twenty-foot equivalent). It has 5,960 employees in more than 250 offices across the world and market its services through the Hamburg Süd, CCNI (based in Chile) and Aliança (based in Brazil) brands. In 2015, Hamburg Süd had a turnover of USD 6,726 million of which USD 6,261 million stems from its container line activities.   "Today is a new milestone in Maersk Line's history. I am very pleased that we have reached an agreement with the Oetker Group to acquire Hamburg Süd. Hamburg Süd is a very well-run and highly respected company with strong brands, dedicated employees and loyal customers. Hamburg Süd complements Maersk Line and together we can offer our customers the best of two worlds, first of all in the North - South trades," says Søren Skou, CEO of Maersk Line and the Maersk Group. "We are proud to join the global market leader Maersk Line


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


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


MAERSK LINE ZERO SOX PROGRAMME PROMPTS NEW FUEL SWITCH SOLUTION

Maersk-line-logo.gif

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


China Strikes Down P3 Network

A CMA CGM containership in China (Photo courtesy of CMA CGM)

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


Maersk Line Q3 Performance Better

Søren Skou, CEO of Maersk Line.

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


Hamburg Süd, Maersk Line, and NYK Announce Joint Operations

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


P3 Network Not to be Implemented in China

Vincent Clerc, Chief Trade and Marketing Officer, Maersk Line.

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 Still the Leading Carrier on Reliability in Q2

Maersk Raises Outlook

  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 Enhances Mesawa Service

Courtesy Maersk

 Mesawa service will  improve transit time into Pointe Noire, Matadi and Libreville  Maersk Line to focus on increasing  market share into these territories  The enhanced Mesawa service called on Mundra Port, on the 8th of March, 2016  To call on JNPT on 11th of March and Colombo on the 13th of March Mumbai, 10th March, 2016:  Maersk Line has announced its improved Mesawa service with direct calls into Pointe Noire in Africa


Ice Navigation Training for Maersk Line Officers

Maersk Line meets Polar Code Deck Officer Training requirements through a series of tailor-made Ice navigation courses by Aboa Mare in Finland   Deck officers and captains from Maersk Line have begun a series of ice navigation training courses at Aboa Mare in Turku, Finland


Hyundai Merchant US Volumes UP

Image: Hyundai Merchant Marine

 South Korea's leading container carrier Hyundai Merchant Marine (HMM) will allocate more vessels to meet rising demand on U.S. routes in the coming months, reported Yonhap.   HMM expects a shortage of container carriers on the high-traffic routes from August to October as U.S


Munich Maersk Comes to Hamburg

Munich Maersk. Photo: The Maersk Group

 While on her maiden voyage, the “Munich Maersk” berthed at EUROGATE Container Terminal Hamburg on 5 August. With a nominal capacity of 20,568 TEU (twenty-foot equivalent unit) the container vessel is one of the largest in the world. 


Maersk Wants Trade Finance Role

(File photo: Maersk Line)

Maersk Line, the world's biggest container shipper, is venturing into trade finance, as it seeks to fill a lending gap left by indebted banks pulling out of the crisis-hit shipping industry.   Moving into traditional bank territory and further down the shipping value chain, Maersk Line


Madrid Maersk's Maiden Voyage to Rotterdam

Photo: APM Terminals

 The 20,568 TEU Madrid Maersk, launched in March 2017 as the first of 11 of the second-generation Maersk Triple-E vessels to be delivered to the global container ship fleet, called APM Terminals Rotterdam on its maiden voyage on the Far East-Europe (AE-2) service operated by Maersk Line and


Maersk Postpones Oman-to-Qatar Container Service

Maersk Line, a part of A.P. Moller-Maersk, said on Monday the first container feeder service into Qatar will depart Oman on June 26, later than a planned June 19 start.   To avoid trade restrictions imposed on Qatar by Saudi Arabia, United Arab Emirates and others


Madrid Maersk Call at Antwerp Port Sets New Record

Photo: Port of Antwerp

 The Madrid Maersk, the largest container carrier ever to call at the port of Antwerp, moored in the Deurganck dock on 9 June.    This record-breaking ship with a capacity of 20,568 TEU unloaded 3,000 containers and loaded another 4,000 in the port of Antwerp in just 48 hours


Maersk Unable to Process Orders after Cyber Attack

Shipping giant A.P. Moller-Maersk, which handles one in seven containers shipped worldwide, is not able to process new orders after being hit by a global cyber attack, it told Reuters on Wednesday.   "Right now, at this hour, we're not able to take new orders


Maersk Booking System Back In Action after Cyber Attack

Photo: Maersk Line

Maersk Line, one of the world's largest container shipping companies, said on Wednesday its cargo booking system was back up and running after a global cyber attack crippled its IT networks a day earlier.   "Further to earlier communications


Maersk: Most Ports at Normal Ops After Cyber Attack

File Image: The Madrid Maersk, a 20,000+ TEU Box ship (CREDIT: Maersk)

Maersk Line sees "great progress" in the restoration of its infrastructure after it was hit by a cyber attack this week, it said in an update to customers on Friday.   * "We are open for business and are accepting bookings," Maersk Line, A. P


Maersk Expects Client Business Back to Normal by Monday

File photo: Maersk containerships at Pier 400 in Los Angeles (Photo: APM Terminals)

Danish shipping giant A.P. Moller-Maersk expects client-facing operations to return to normal by Monday and is resuming container deliveries at its major ports following a cyber attack on Tuesday.   'We expect that by Monday we'll be back to something that looks a lot more like a normalised


COSCO to Buy OOCL for USD 6.3 bln

Photo: Orient Overseas Container Line Limited

 Chinese Shipping Major Cosco Group has agreed in principle to buy its shipping rival and  Hong Kong’s No. 1 box mover, Orient Overseas Container Line (OOCL), in deal that could be valued around USD 6.3 billion.  The takeover will catapult Cosco the world’s


E.R. Schiffahrt to Manage 3 More Maersk Ships

 Hamburg-based ship manager E.R. Schiffahrt informs it has been appointed by Maersk Line to manage three further vessels. With this new mandate, E.R. Schiffahrt increases the managed fleet for the world’s largest liner company from six to nine.  


Costamare Adds Three Vessels

Image: Costamare Inc.

Costamare accepted delivery of three second hand vessels during the last quarter ended June 30, 2017, said Gregory Zikos, Chief Financial Officer of Costamare.   In a press statement he said that the vessels have been chartered for periods ranging from 5 to 7 years


APM Terminals Tangier Celebrates 10 years in Morocco

Photo: Maersk Line

 APM Terminals Tangier welcomed the Munich Maersk, one of the world’s largest container vessels, as it made its maiden call to celebrate the 10th anniversary of the largest and most modern terminal facility in North Africa.  






 
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