Maersk

A.P. Møller – Maersk said Wednesday it had agreed to buy U.S. warehousing and distribution firm Performance Team in a $545 million deal. The Danish shipping giant said the total includes about $225 million in lease liabilities. The acquisition is subject to regulatory approval and the transaction...

Price swings in the largest market for marine fuel are filtering down the supply chain as major ocean carriers ask customers to cover costs for using low-sulfur fuel blends. Maersk last week said in a customer advisory that ocean freight tariffs across all trade lanes will increase by $50 to $200...

The goal of the International Maritime Organization (IMO) to turn the oceangoing vessel industry emissions and carbon free beyond 2050 will require a technological replacement to the dominant fossil fuel-burning engines of the world's maritime fleet, World Shipping Council President and CEO John...

Brazilian Federal Police searched offices of A.P. Moller – Maersk in Rio de Janeiro and Sao Paulo on Dec. 18, as part of probe into alleged bribes paid to state-owned oil company Petroleo Brasileiro SA (Petrobras). Reuters said Maersk was one of the companies targeted for allegedly paying bribes...

Global shipping giant Maersk has opened its latest logistics and distribution center to cope with growing domestic demand in Vietnam and "significant trade growth" in the region. The center is located in northern Vietnam, about 25 kilometers east of Hanoi's city center and 120 kilometers west-...

Catapult, a Kansas-based platform that provides multimodal cargo rates, has announced the integration of data from the world's largest ocean container carrier, Maersk Line, into its QMS 5.0 rate-management platform. Catapult allows freight forwarders, shippers and carriers to access air, ocean and...

Mediterranean Shipping Company (MSC) has confirmed that Soren Toft will join the company as chief executive officer. Toft's appointment was rumored last week after his resignation as chief operating officer of A.P. Moller-Maersk. (OTC: AMKBY) Soren Toft (Photo: LinkedIn) "MSC is delighted that...

We're coming to you live from the LIVE STAGE at FreightWaves LIVE Chicago and on this episode we have a blockbuster guest in Sune Stilling Head of Growth at Maersk Group plus Henry Byers joins Dooner and Fava to talk about how SONAR 5.0 is helping shippers and carriers navigate the seven seas....

Mediterranean Shipping Company (MSC) and Maersk might be partners in the 2M Alliance, a vessel-sharing agreement on the Asia-Europe, trans-Pacific and trans-Atlantic trades, but the world's two largest container ship operators are also fierce competitors. That rivalry will shift up a gear this...

Could Soren Toft – who was the chief operating officer of Maersk until Nov. 11 – have jumped ship and joined the Danish shipping giant's rival MSC? Switzerland-based MSC, a partner of Maersk in the 2M alliance, refused to respond when FreightWaves asked if, as widely rumored, the 45-year old Toft...

Maersk chose profitability over market share in the third quarter as the container shipping giant bolstered its bottom line on lower revenues. A.P. Moller – Maersk (APMM) said its ocean container shipping division generated freight revenues of $6.373 million in the quarter ended September 30, down...

With 90% of its revenues coming from the movement of containers, Maersk (CSE: AMKBF) faced a challenge: How do you get closer to the end customer when your job is to move containers from port to port? The shipping giant is trying to answer this question with its Growth investment fund, started in...

Reporting Seaspan Corp.'s third-quarter earnings, Bing Chen, president and CEO of the world's largest containership charterer, said the company has increased its portfolio financing program by $500 million, to $1.5 billion, and wants to expand the company's fleet. "We see attractive opportunities...

Image by WikimediaImages from Pixabay

Maersk is teaming up with big shippers to test a new marine fuel made from plant fibers that aims to mitigate ocean freight's contribution to climate change. The Copenhagen-based company said the pilot project will include automotive logistics company Wallenius Wilhelmsen, Copenhagen University,...