News Maersk
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Maersk planning to introduce “Daily” concept on other trade lanes, says CCO
Maersk Line, the world’s largest ocean carrier, is looking to introduce the fundamentals of its Daily Maersk Asia-Europe service concept on additional tradelanes, according to Maersk’s Chief Commercial Officer (CCO), Lucas Vos.
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Maersk suspends bookings on Asia-North Europe services
Maersk Line, the world’s largest ocean carrier, has decided to suspend bookings on all of its North Europe-Asia services as the company attempts to clear the backlog of containers in Europe’s congested ports.
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Maersk Line reports losses of $537 million
A.P. Moller-Maersk has announced today that its container business, Maersk Line, the world’s largest, reported losses of US$537 million in 2011.
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Maersk cuts Asia-Europe capacity by nine percent
Maersk Line, the world’s largest shipping line, has announced that it will reduce its capacity on the Asia-Europe trade lanes by 9 percent in an effort to restore profitability.
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We are Maersk: World’s largest shipping line releases $2 million corporate video
A new corporate movie featuring the A.P. Moller Maersk Group's shipping, terminals and oil exploration and production activities was launched in London earlier this month.
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Maersk to install TMC air compressors on historic Triple-E vessels
Tamrotor Marine Compressors (TMC), a supplier of compressed air systems for marine and offshore use, have received orders for a total of 40 TMC SA 30 compressors for the 20 18,000 TEU ships ordered by Maersk Line.
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Maersk pays US government $31.9 million to settle overcharging dispute
Maersk Line, the world’s largest shipping line, has agreed to pay the US government US$31.9 million to resolve allegations that it submitted false contract claims in the supply of cargo to US troops stationed in Afghanistan and Iraq. The government alleges that Maersk knowingly overcharged the Department of Defense to transport thousands of containers from ports to inland delivery destinations in Iraq and Afghanistan.
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Søren Skou replaces Eivind Kolding as Maersk Line CEO
Eivind Kolding, the CEO of the world’s largest shipping line Maersk, has resigned from his post to become Chairman of the Executive Board at Denmark’s Danske Bank.
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Maersk cancels Ports of Auckland service amid industrial unrest
Maersk Line, the world’s largest ocean carrier, is to reroute one of its container services from the Ports of Aukland, amid the growing uncertainty caused by this week’s industrial action. Maersk’s Southern Star service will now call at the Port of Tauranga, a move that will cost the Ports of Aukland nearly NZ$20 million a year in revenues, according to the New Zealand Herald.
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Trans-Pacific rates slump to lowest level for nearly two years
Trans-Pacific freight rates slumped to their lowest levels in 23 months this week, as overcapacity continues to affect the industry. In what is widely regarded as the peak season for containerized trade, the Drewry Container Rate Benchmark for shipments from Hong Kong to Los Angeles fell by a further 1.5 percent to US$1,463 per FEU.
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Maersk Line merges ICON service with daily Asia-europe network
Maersk Line, the world’s largest shipping line, has announced that it is to merge its ICON service with the Asia-Europe ‘Daily Maersk’ network.
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Maersk CEO claims company is well positioned to outlast rivals amid concerns of overcapacity
Nils Smedegaard Andersen, CEO of the world’s largest ocean carrier AP Møller-Maersk, believes that the Danish firm is well positioned to face the possible four year overcapacity of the industry.
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