Maersk

Maersk said its goal of carbon-free shipping will be best reached with new types of marine fuels based on alcohol, renewable natural gas and ammonia. It is urging refiners and fuel producers to start research into how these fuels can be produced at scale to reduce the shipping industry's...

In a rare bit of good news for container shipping, Maersk said full-year operating earnings will come in better than originally forecast. The world's largest ocean carrier on Monday said earnings before interest, taxes, depreciation and amortization (EBITDA) for 2019 will be between $5.4 billion...

Maersk Line will only charge for the "extra cost of compliance" as the carrier introduces new IMO 2020 low-sulfur fuels in the coming months. As reported by FreightWaves, shippers and forwarders have expressed dismay about the complexity of the charges being levied by some container lines as they...

A.P. Møller – Maersk has not been shy about its ambition to become a global digital logistics integrator. The container shipping giant has been busy investing in startups, digital forwarding, blockchain, data management and freight brokerages over the last two years. It also has consolidated Damco'...

Reporting its second quarter earnings last week, A.P. Moller-Maersk said it is planning to boost the size of the company's IT staff and that "Technology is core to both our vision to become the global integrator of container logistics and a key enabler to enhance our operating performance." The...

Earlier today in Europe, Danish shipping giant A.P. Moller–Maersk reported a massive increase in second quarter underlying profit and earnings before interest, tax, depreciation and amortization. Revenues also "grew slightly," the shipping mega-conglomerate said. Maersk today reported slight...

Hapag-Lloyd (FSE: HLAG) and Ocean Network Express (ONE) says they will join the TradeLens blockchain platform developed by Maersk and IBM (NYSE: IBM). The fifth- and sixth-largest carriers respectively, Hapag-Lloyd and ONE join CMA CGM and Mediterranean Shipping Company (MSC) in using the platform...

The Los Angeles City Council voted against a permit that would allow Maersk to begin the process of automating operations at the largest marine terminal on the U.S. West Coast.  The Council's motion to deny Maersk's APM Terminals subsidiary a permit for installing equipment at its Pier 400...

Maersk rolled out a fully online service for customers to book space on a container ship.   The new offering, Maersk Spot, provides customers a cargo loading guaranteed at a fixed price upfront. The world's biggest shipping line said the new product addresses fundamental inefficiencies that exist...

Putting export-import documents online may make a difference between container arriving to customer on time or sitting in a warehouse. Maersk is moving to a more frictionless future in ocean freight with online customs clearance in seven European countries. Customs clearance, an add-on...

The number two man at Maersk is departing as the Danish company largely completes the divestment of its energy business. Claus Hemmingsen, a 38-year veteran of Maersk, will depart from the world's largest shipping company by the end of June, the company said today. In addition to sitting...

Chairman makes mea culpa on previous energy bets as he pledges the focus will be making container shipping simple and easy. Jim Snabe, the chairman of the board of directors for Maersk, laid bare the difficult straits that faced the world's largest shipping company as it jettisons legacy...

Maersk cancelled plans to sell its offshore oil support fleet, citing poor market conditions for a sale. The reversal underscores the ongoing hurdles facing Maersk as it seeks to winnow its once sprawling ocean shipping business down to one just focused on container shipping and onshore...

Soren Skou said biggest ocean carrier is more customer-centric than ever, but vessel reliability and detention fees still a pain for customers. Maersk Chief Executive Soren Skou is looking for more small deals in a bid to remake the ocean carrier into a FedEx Corp (NYSE: FDX) or UPS...

North American shippers facing congested ports may get some relief as the world's largest shipping line promises to ease the reuse of empty marine intermodal containers. Maersk is introducing an automated "street turn" service for its intermodal containers at U.S. and Canadian...