Vincent Clerc News

Shipping group Maersk will take steps to resume navigation through the Red Sea via the Suez Canal as soon as conditions allow, CEO Vincent Clerc said on Tuesday.The Suez Canal Authority said in a statement that Maersk container ships will resume transit via the canal on a partial basis from the beginning of December prior to a full return but a Maersk spokesperson said the company had not set a date.The potential return of Maersk to the Suez Canal could ripple through the shipping sector, where freight rates have been supported by the route being snarled by regional conflict and attacks on com

German container shipping firm Hapag-Lloyd on Monday welcomed an agreement between the United States and China to temporarily slash reciprocal tariffs, saying it expected to be buoyed by a resulting increase in bookings from China to the U.S.The United States will cut extra tariffs it imposed on Chinese imports in April to 30% from 145% and Chinese duties on U.S. imports will fall to 10% from 125% for the next 90 days, the two sides said on Monday.Trade between the world's two largest economies plummeted in the midst of the trade standoff…

For the first quarter of 2025 A.P. Moller - Maersk A/S (Maersk) reports revenue growth of 7.8% to $13.3 billion with EBIT increasing to $1.3 billion from $177 million a year ago.The company states that these results, while sequentially down as expected, represent a good start to the year and were driven by solid profitability in Ocean, operational improvements in Logistics & Services and higher volumes in Terminals.For the full year 2025, Maersk maintains its financial guidance despite the increased uncertainty leading to a more cautious container volume growth outlook…

Maersk on Tuesday denied shipping arms or ammunition to Israel during its war in Gaza in response to a shareholder proposal at its annual general meeting (AGM) but acknowledged shipping military-related cargo."Maersk has a strict policy of not shipping weapons or ammunitions into any active conflict zone," CEO Vincent Clerc told shareholders.The proposal to ban Maersk from shipping arms to Israel was put forward by Danish shareholder group Kritiske Aktionærer.Activist group Eko in a separate proposal called for Maersk to enact greater transparency in its human rights processes…

A.P. Moller - Maersk celebrated the name-giving of its newest dual-fuel methanol container vessel in Mumbai on February 28 as a part of the vessel’s maiden voyage to India. The vessel, named Albert Maersk, is the eleventh vessel in Maersk’s fleet capable of operating on methanol.“India is among the world's fastest-growing major economies, with a thriving manufacturing sector, a booming e-commerce industry, and expanding exports. Shipping and logistics are high on India’s priorities…

Maersk on Thursday said it expects to grow its business to track an expected 4% growth in global container shipping this year, even as profits are set to decline and U.S. President Donald Trump's tariff threats create uncertainty.Geopolitical developments including Trump's threats to impose tariffs on the top U.S.

Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come, and whether supplies will be cheap and abundant enough to keep their fleets in motion.Decarbonizing…

A.P. Moller-Maersk expects strong demand for shipping goods around the globe to continue in the coming months, though does not expect to resume sailing through the Suez Canal until "well into 2025".Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted a shipping route vital to east-west trade, with prolonged re-routing of shipments pushing freight rates higher and causing congestion in Asian and European ports."There are no signs of de-escalation and it is not safe for our vessels or personnel to go there ...

A.P. Moller - Maersk on Wednesday held a naming ceremony in the U.K.'s Port of Felixstowe for its latest dual-fuel methanol container vessel, Alexandra Maersk.The newbuild is the the sixth vessel in Maersk’s owned fleet that is capable of running on methanol fuel in its main and auxiliary engines, and the fifth ship in Maersk's series of 18 large dual-fuel methanol vessels scheduled for delivery in 2024 and 2025—each with more than 16,000 TEU capacity.The new ship Alexandra Maersk is named after Alexandra Mærsk-Møller (1868-1953) who was an older sister of Mr. A.P. Møller, the founder of A.P.

In February 2025, Maersk and Hapag-Lloyd will launch their Gemini Cooperation aimed at delivering a flexible and interconnected ocean network with schedule reliability above 90% once fully phased in.The companies unveiled the concept in January 2024 and have been working on finalizing the details of a joint ocean freight network on East-West trades. Depending on which network the cooperation will phase in, the new network will consist of either 300 or 340 vessels:Trans-Suez Network: Approx.

The International Longshoremen's Association union, representing 45,000 workers at major container ports from Texas to Maine, will begin two days of meetings on Wednesday to review wage demands and prepare for a potential strike on Oct. 1.Formal talks have reached an impasse as the union and the United States Maritime Alliance employer group wrangle over pay, automation, healthcare and retirement benefits.A source familiar with the negotiations said the ILA has asked for a 77% pay bump over the life of the new contract.

The Alette Maersk was the first container vessel powered by low-carbon methanol fuel to cross the Pacific Ocean - a milestone in the shipping industry's effort to reduce its climate impact.But when the 1,148-foot (350-meter) vessel arrived at the Port of Los Angeles from China last week, there was nowhere in the U.S. to buy more of the green fuel, forcing it to rely heavily on petroleum-based maritime fuel for the return trip.At a day-long ship naming event on Tuesday, A.P. Moller…

Retailers are fueling a summer rush of imports to the United States this year as companies guard against a potential strike by port workers and ongoing shipping disruptions from attacks in the Red Sea ahead of a shortened holiday shopping season.Container imports and freight rates surged in July, signaling an earlier than usual peak season for an ocean shipping industry that handles about 80% of global trade.July is expected to be the peak for U.S. retailers, which account for about half of that trade…

Maersk expects global container shipping growth to slow from a strong start to the year, when customers soaked up goods to prevent them from being held up by Red Sea attacks and other disruptions, it said on Wednesday.The Danish company, viewed as a barometer of world trade, said global container demand increased about 7% year-on-year in the first half of the year, boosted by robust demand from Europe, emerging markets and strong Chinese exports."That is a lot and we expect the second half of the year to be less strong…

The coming months will be challenging for carriers and businesses, as disruptions to container shipping via the Red Sea continue into the third quarter, Danish shipping company Maersk said on Monday.Maersk and other shipping companies have diverted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher."The longer that this lasts, the more our costs will get deeply ingrained…

Shipping group Maersk raised its full-year profit guidance after reporting first-quarter earnings on Thursday, citing strong demand and higher freight rates as ships sail for longer to avoid conflict in the Red Sea.The company, viewed as a barometer of world trade, said that shipping disruptions caused by Houthi militants' attacks on vessels in the Red Sea were expected to last at least until the end of the year, adding that growth in demand for container shipping had been stronger than forecast."The container volumes we see today are quite high compared to GDP growth in the world economy…

Danish shipping giant A.P. Moller - Maersk recently named the world's second large methanol-enabled container vessel, Astrid Mærsk, during a ceremony in Yokohama, Japan.The ship is the second of Maersk’s 18 large methanol-enabled vessels, scheduled for delivery between 2024 and 2025, as the company works toward its net-zero targets and supports customers in achieving their decarbonization goals.Vincent Clerc, CEO of A.P. Moller - Maersk, said, "We are truly excited to welcome Astrid Mærsk to our new fleet capable of sailing on green methanol.

As the IMO prepares for negotiations on regulations to support net-zero by 2050 at MEPC 81 in March, the World Shipping Council (WSC) has proposed a greenhouse gas pricing mechanism it calls the Green Balance Mechanism.The aim is to provide a new approach to greenhouse gas pricing which makes it possible to close the price gap between fossil fuels and green fuels, at the lowest possible overall cost:• Through the Green Balance Mechanism, fees are taken from fossil fuels and allocated to green fuels used…

Maersk warned on Thursday that container shipping overcapacity would hit profits more than expected this year and that it didn't see a major boost from the jump in freight rates due to Red Sea disruptions, hammering its shares.The warning, which also led the Danish shipping giant to suspend its share buyback programme, is in stark contrast with investors' recent optimism about the sector.Container shipping companies have been among the best-performing stocks in Europe this year…

A.P. Moller - Maersk (Maersk) announced it has appointed Charles van der Steene as the new Regional President for North America, effective February 1, 2024. With the move, van der Steene will join the company’s Executive Leadership Team.A logistics industry veteran, van der Steene joined Maersk in 2011 with deep global experience in commercial leadership, operations and general management. He previously led Maersk’s commercial organization in North America and most recently headed up Maersk’s Global Commercial Excellence and Transformation organization.Narin Phol…

The world’s first large methanol-enabled container ship has been named Ane Mærsk at a ceremony in the shipyard of HD Hyundai Heavy Industries in Ulsan, South Korea.The 16,000 TEU vessel is named after Ane Mærsk Mc-Kinney Uggla, the Chair of the A.P. Moller Foundation and A.P. Moller Holding. Ane’s eldest granddaughter served as godmother, and christened the vessel by breaking a champagne bottle over the bow.Ane Mærsk is the first of Maersk’s 18 large methanol-enabled vessels that will be delivered between 2024 and 2025.

The United States on Wednesday returned the Yemen-based Houthi rebels to a list of terrorist groups, while business chiefs warned that disruption to shipping in the Red Sea caused by their attacks could affect supply chains for months.Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major powers - an escalation of Israel's more than three-month-old war with Palestinian Hamas militants in Gaza.The Houthis say they are acting in solidarity with Palestinians and have threatened to expand attacks to include U.S.

Shipping industry majors Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ‘Gemini Cooperation’, which will start in February 2025.The ambition is to deliver a flexible and interconnected ocean network with industry-leading reliability.The new cooperation between the companies will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million containers (TEU). Maersk will deploy 60% and Hapag-Lloyd 40%, the shipping giants said.As a part of the agreement…