Maersk: Shipping Recovery Coming
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. Shares in the Danish conglomerate climbed almost 5 percent after it said a gradual recovery in freight rates should boost earnings at Maersk Line, the world's biggest container shipping business, over the rest of the year.
Maersk Line Deploys First Second-gen Triple-E
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 20,568 TEU (nominal capacity) Madrid Maersk has set sail on Maersk Line’s Asia – Europe service network, calling the Port of Tianjin in China on April 27 as its first port on its maiden voyage. Madrid Maersk is the first to enter service of the 27 new vessels ordered by Maersk Line in 2015.
CMA CGM Posts Higher Q1 Profits
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. The French-based group reported on Friday a first-quarter net profit, including Singapore-based NOL which it consolidated in June last year, of $86 million compared with a $100 million loss in the same period of 2016. This was also above the…
Maersk to Pay $4 Bln for 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 million, Maersk Line said in a statement fleshing out detail on the deal announced in December. "By keeping Hamburg Sud as a separate and well-run company, we will limit the transaction and integration risks and costs while still extracting the operational synergies…
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 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…
Maersk Line to acquire Hamburg Süd
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.
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, 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.
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 Line Scraps 8 Panamaxes
Ship recyclers in India and China will recycle eight vessels owned by Maersk Line. The ship recyclers have agreed in full to the A.P. Moller - Maersk Responsible Ship Recycling Standard. The deal gives Maersk Line greater fleet flexibility and vessels will be transferred to the recycling yards within coming months. In the coming years, Maersk Line expects to recycle a larger number of vessels than in previous years as more vessels are coming to their economical end of life. With Maersk Line’s fleet of more than 600 vessels…
MAERSK LINE ZERO SOX PROGRAMME PROMPTS NEW FUEL SWITCH SOLUTION
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. All nine ports of call in New Zealand and their respective coastal societies will benefit from the new country policy.
Maersk to Cooperate on East-West Trades with MSC
Maersk Line has announced a 10 year Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) on the Asia-Europe, Transatlantic and Transpacific trades. The VSA will be referred to as 2M. It replaces all existing VSAs and slot purchase agreements that Maersk Line has in these trades. The VSA will include 185 vessels with an estimated capacity of 2.1 million TEU, deployed on 21 strings. The overall purpose of the cooperation is to share infrastructure (network).
China Strikes Down P3 Network
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 into P3 and had closed its file. MOFCOM’s decision follows a review under China's merger control rules and is different from the positions of the FMC and the European Commission.