Maersk to cut workforce by over 10,000 as profit plummets
Danish shipping major, Maersk, is looking to cut its workforce by over 10,000 people as it looks to save $600 million in 2024. The decision was unveiled together with the results for the third quarter...Read more
CMA CGM and Maersk tie up over shipping decarbonisation
CMA CGM and Maersk have taken a joint step towards shipping decarbonisation in full compliance with laws and regulations. Jumping to the top of the queue in shipping’s energy transition, both companies believe the joint...Read more
Maersk goes to court for financial loss during Suez Canal blockade
Maersk has filed a case at the Maritime and Commercial Court in Denmark against, among others, competitor Evergreen and ship manager Schulte Group for the blockade of the Suez Canal by container ship ‘Ever Given’...Read more
Are 2M divorcees eyeing a new fling with breakbulk?
The recent dissolution of the 2M alliance between MSC and Maersk is expected to bring more competition in the container shipping sector. However, could the dissolution have a wider effect, on markets such as project...Read more
Maersk records 28.4 billion euros gross profit
The Danish shipping group A.P. Moller-Maersk looks back on a year of “exceptional financial performance”. Turnover increased by 32% in 2022 to just over 76 billion euros. Gross profit grew by 57% to around 28.4...Read more
MSC and Maersk call it quits on 2M alliance
Shipping giants MSC Mediterranean Shipping Company and Maersk, have decided to part ways and not continue the 2M alliance past 2025. To remind, the two companies signed a vessel sharing agreement in 2015. Read more
Appointments: a shift at Maersk helm, new names at Osprey and Bolloré
Over the past few days, a number of changes have been made across the companies within the sector, most notably a change at the helm of the shipping major Maersk. New CEO for Maersk as Soren...Read more
Maersk Supply Service awarded transport & installation contract for EFGL OWF
Maersk Supply Service (MSS) was contracted by EPCI contractor Eiffage Métal to transport and install three 10MW Vestas V164 wind turbines at the Éoliennes Flottantes du Golfe du Lion (EFGL) offshore wind farm (OWF).Read more
Maersk relies on methanol for supply chain decarbonisation
As a response to the customer demand for supply chain decarbonisation, Maersk is ordering six large ocean-going vessels that can sail on green methanol. The six vessels will be built by Hyundai Heavy Industries (HHI)...Read more
7 Worldwide Logistics ships industrial equipment from Germany to Iraq
7 Worldwide Logistics’ (7WL) team in Bremen transported 10 Units of Secondary Quench Exchanger, some spare parts, and lifting devices, on behalf of a producer of Heat Exchangers, in the oil and gas sector. The...Read more
Maersk closes purchase of the Hong Kong based LF Logistics
Shipping giant A.P. Møller – Mærsk has completed a $3.6 billion purchase of the Hong Kong based LF Logistics from Li & Fung & Temasek. The purchase deal was struck in December last year, with...Read more
Maersk to boost project logistics capacity with Martin Bencher Group buy
Shipping giant Maersk intends to acquire its compatriot project logistics company, Martin Bencher Group, a specialist in non-containerised project logistics in a deal worth $61 million. Read more
Maersk completes acquisition of Senator International
Danish integrated container logistics company Maersk completed the acquisition of international freight forwarding, shipping and logistics company, Senator International, which was announced on June 2nd, 2022.Read more
Mumbai Maersk pulled free
Mumbai Maersk, one of the world’s largest containerships that got stuck in a shallow patch off Bremerhaven has been towed free in the second attempt during the night. According to Germany’s Central Command for Maritime...Read more
Mumbai Maersk runs aground outside Bremerhaven
Two multipurpose vessels have come to the aid of Mumbai Maersk, one of the world’s largest containerships that ran aground outside Bremerhaven, Germany. Global shipping giant Maersk said that the incident happened around 23:00 CET...Read more
Hansa Meyer ships breakbulk on Maersk container vessel
Hansa Meyer Global Transport in Düsseldorf has recently moved one tyre with a diameter of 6.86 metres, weighing 91,5 tons from Porto Marghera, Italy to Jakarta, Indonesia.Read more
Vestas partners with Maersk for containerised project cargo transport
Wind turbine manufacturer Vestas has partnered up with the logistics behemoth Maersk on a long term deal for all containerised project cargo transport. The partnership includes door-to-door transport from Vestas suppliers to its factories and...Read more
Is there space for project cargo on container ships?
The current market situation has seen a complete reversal of roles between the container shipping segment and the breakbulk and MPP sector. While traditionally container vessels competed for project cargo, nowadays, breakbulk, MPP and even...Read more