Key Bridge collapse cuts off the port, while overall impact on US economy is limited
Container xChangeThe fatal incident when the Maersk chartered container vessel Dali lost power and struck the Francis Scott Key Bridge in Baltimore, Maryland, will have a major impact on the local port according to the Container...Read more
Infrata: Gemini Cooperation is a start of more changes in liner shipping
Based on the announcement about the new alliance between Maersk Line and Hapag-Lloyd, business management consultancy Infrata has reviewed what it means, so far, and what the future implications could be.Read more
Hapag-Lloyd quits THE Alliance, starts Gemini Cooperation with Maersk
Starting in February 2025, Hapag-Lloyd and Maersk will start a new long-term operational collaboration called Gemini Cooperation. The ambition is to deliver a flexible and interconnected ocean network with industry-leading reliability, the two companies said. Read more
Red Sea crisis pushes freight rates skywards
The Red Sea crisis shows no signs of easing as A.P. Moller – Maersk pauses all transits through the region ‘for the foreseeable future’ and ocean freight shipping rates continue to surge. The latest data...Read more
MSC ship attacked in the Red Sea
MSC said its container ship MSC United VIII was attacked on December 26 while transiting the Red Sea, having to engage in evasive manoeuvres. The vessel informed a nearby coalition task force warship of the...Read more
Maersk to resume Red Sea transit
The situation in the Red Sea and the Gulf of Aden is a quickly changing one and the shipping giant Maersk has voiced its readiness to resume transiting the Suez Canal and the Red Sea. Read more
Shipping CEOs call for accelerated maritime transport decarbonisation
CEOs of the shipping majors have joined forces in advocating for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO), the global regulator, to create the regulatory conditions to accelerate...Read more
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