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Maersk Line

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


Maersk Chooses DCT Gdansk

Maersk Line announced that with effect from December 1, it will switch its Polish operations from BCT in to the new deepwater container terminal DCT Gdansk. Maersk Line said: “After many years of good cooperation with BCT Gdynia, the time has come to explore new possibilities with DCT Gdansk, allowing Maersk Line to continue to offer its customers a reliable product while maintaining a high level of efficiency  and  cost  effectiveness. 


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 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


Maersk to Pay $4 Bln for Hamburg Sud

File photo: Hamburg Sud

The world's biggest container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said on Friday.   Combined, the two companies will be able to realise annual operational savings of about $350 million to $400


Maersk Line Deploys First Second-gen Triple-E

Madrid Maersk (Photo: Maersk Line)

Four years after the arrival of the first Triple-E vessel, Maersk Line has now deployed Madrid Maersk, the first of its second-generation Triple-E containerships.   With nearly 2,000 more TEU capacity than the prior generation Triple Es, the 20


Maersk: Shipping Recovery Coming

File Image: Credit Maersk

Maersk Line posts loss, but company sees improvement.   A.P. Moller-Maersk beat first-quarter net profit forecasts on Thursday, boosted by the energy business it plans to spin off, but also reported signs of improvement at its long-suffering container shipping business.  


CMA CGM Posts Higher Q1 Profits

Photo courtesy of CMA GCM

Container shipping line CMA CGM posted higher first-quarter profits, helped by a turnaround at recently acquired NOL, and gave an upbeat assessment for the current quarter in another sign that the shipping industry is emerging from a slump.  


Maersk Invests in Refrigerant Container Units

Photo: Maersk Line

Maersk Line has ordered the first 100 of a total of 200 refrigerated containers to be chilled by Carrier Transicold’s NaturaLINE natural refrigerant based system. Carrier Transicold is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX).


CMA CGM Returns to Net Profit in Q4

File photo: CMA CGM

CMA CGM, the world's third-largest container line, swung back to a net profit in the fourth quarter of last year, supported by a recovery in freight rates and efficiency measures taken during a prolonged downturn in shipping, the company said.  


Maersk Line, Hamburg Sud Offer Merger Concessions to Gain EU Approval

File photo: Hamburg Süd

Maersk Line, the world's biggest container shipping firm and part of Danish conglomerate A.P. Moller-Maersk, has offered concessions to EU antitrust regulators in an attempt to get approval for the takeover of German rival Hamburg Sud.  


FMC's Doyle OKs Boxship Pact

Photo: HMM

Carriers are integral to the supply chain; shippers should review their options with all ocean carriers Commissioner William P. Doyle of the Federal Maritime Commission issued the following statement today, Agreement to go into effect March 30, 2017.  


COSCO Shipping Reports $1.4 bln Loss for 2016

Photo: COSCO Shipping Holdings Co Ltd

China's COSCO Shipping Holdings Co Ltd made a loss last year of 9.9 billion yuan ($1.44 billion), the company reported on Thursday, due to both persistently weak freight rates and restructuring costs. Freight shipping firms have been hit hard by a prolonged downturn in rates caused by


APM Terminals Boosts Walmart Hub at Port of Mobile

Photo: APM Terminals

 APM Terminals Mobile welcomes Arkansas-based global retail giant Walmart’s plans for a new International Distribution Center to be opened 15 miles from the port.    The sixth of Walmart’s US international distribution centers, the Irvington


India's Box Trade to Grow Double Digits: Maersk

Photo: Maersk Line

Maersk Line said that the growth of EXIM container trade of India in the current year is likely to be in two digits.   The export-import container trade volume of India grew by 10% for the full year 2016, which was double of 2015, that too amid weak global trade.  


APM Could Exit Tacoma

Tacoma. Photo: APM Terminals

APM Terminals Tacoma has received notification from Matson, Inc., its main customer, that Matson does not intend to renew its current terminal services agreement after its expiration on December 31, 2017.    Accordingly, APM Terminals is evaluating all options with respect to its


EU Regulators to Clear Maersk, Hamburg Sud Tie-up

Photo: Hamburg Sud

EU antitrust regulators will approve Maersk Line's acquisition of German peer Hamburg Sud after the world's biggest shipping company agreed to pull Hamburg Sud out from some trade route groups, a person familiar with the matter said on Friday.


Maersk Gains Approval for Hamburg Sud Takeover

Photo: Hamburg Sud

World No. 1 shipping company Maersk Line gained EU antitrust approval on Monday for its acquisition of Hamburg Sud (HSDG) after agreeing to pull the German company out from five consortia on trade routes to address competition concerns. The bid by Maersk, part of Denmark's A.P


Shanghai Grapples with Traffic Congestion

File Image (CREDIT: AdobeStock / (c) zhu difeng)

The world's busiest container port, Yangshan in China's business hub of Shanghai, is battling severe congestion wrought by dense fog, higher-than-usual volumes and the aftermath of a shake-up in shipping alliances, ocean carriers and port officials say.  






 
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