Maersk Archives — Page 2 of 5 — City Business News

January 6, 2022 No Responses

MSC Dethrones Maersk As World’s Largest Ocean Carrier

Swiss container shipping company Mediterranean Shipping Company (MSC) is now the world’s largest ocean carrier by operated container vessel capacity, maritime consultancy Alphaliner said. On 5 January, MSC — the long-term number two — overtook Danish shipping giant as the...

December 17, 2021 No Responses

Maersk, Unilever Seal Logistics Partnership

Foremost Danish container shipping and logistics firm, A.P. Moller – Maersk has entered into ocean and air transport strategic partnership with multinational consumer goods company, Unilever. Under the arrangement, the parties signed an internat...

November 3, 2021 No Responses

Maersk Records $16.6b Revenue In Q3

Danish shipping and logistics giant A.P. Moller – Maersk closed the third quarter of 2021 with record earnings. Revenue grew 68 per cent to $16.6 billion in Q3 2021 from $9.9 billion posted in the corresponding quarter a year earlier. EBIT was...

September 16, 2021 No Responses

Maersk Acquires Portuguese Logistics Firm

Danish shipping giant A.P. Moller – Maersk has acquired HUUB, a Portuguese cloud-based logistics startup. World Maritime News reports on Wednesday that this is the company’s third acquisition this year within E-commerce logistics and it comes thr...

August 26, 2021 No Responses

Maersk’s Boxships To Feature World’s Largest Methanol Dual-Fuel Engines

German engine manufacturer, MAN Energy Solutions has been contracted to supply eight methanol dual-fuel engines for new Maersk’s containerships. In connection to the latest eight-ship order of the Danish shipping giant Maersk, Hyundai’s Ship-Building ...

August 8, 2021 No Responses

Maersk Declares $3.7b Profit In Q2

Danish shipping and logistics giant A.P. Moller – Maersk has continued to deliver strong growth and profitability with profit going up to $3.7 billion in the second quarter of 2021. According to the company, Revenue was up almost 60% to...

February 11, 2021 No Responses

Despite COVID-19, Maersk Attains $39.7b Revenue In 2020

A.P. Moller – Maersk, the world’s largest container carrier, has ended 2020 on a strong note despite the impact of COVID-19. The company’s underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew 44 pct. to $8.2bn and r...

February 7, 2021 No Responses

Maersk Tankers Signs Sea Cargo Charter

Maersk Tankers has become a signatory of the Sea Cargo Charter, a global framework that establishes a common baseline for global traders to report on CO2 emission reductions of their shipping activities. The Sea Cargo Charter is consistent with the...

December 15, 2020 No Responses

Maersk To Face Prosecution Over Alleged Corruption

Brazilian prosecutors have filed a civil lawsuit against Danish shipping giant Maersk, alleging corruption schemes in relation to securing shipping contracts with the state-owned oil giant Petrobras. According to Reuters, the Brazilian prosecutors filed the la...

September 1, 2020 No Responses

Maersk Line Suspends Peak Season Surcharge

The Nigerian Shippers’ Council (NSC) on Monday disclosed that MAERSK Line had instructed its commercial department to stop applying the peak season surcharge from September 1, 2020. Head of Public Relations, NSC, Rakiya Zubairu, in a statement on Monda...

August 20, 2020 No Responses

Maersk Defies COVID-19, Reports $1.7b Earnings In Q2

A.P. Moller – Maersk managed to improve profitability across all businesses in the second quarter of 2020 despite a sharp drop in global volumes following the COVID-19 crisis. Earnings before interest, tax, depreciation, and amortisation (EBITDA)...

August 19, 2020 No Responses

Shippers’ Council Decries Indiscriminate Charges By Shipping Firms

The Management of Nigerian Shippers’ Council (NSC) on Wednesday described as ‘unreasonable and unacceptable the indiscriminate’ high surcharges by multinational shipping firms on Nigerian-bound cargoes. The Executive Secretary of NSC, Mr Hassan Bello,...

July 9, 2020 No Responses

Maersk Sells Containership For Green Recycling

Maersk, owner and operator of the world’s largest container shipping fleet, has sold a 9, 640 TEU containership Sine Maersk for demolition in Turkey. The 22-year-old containership has a market value of $ 11.69 million, according to the data from...

June 19, 2020 No Responses

Maersk Targets Over $1.5b Earnings In Q2

Danish shipping major A.P. Møller – Mærsk A/S has revealed that it expects an EBITDA before restructuring and integration costs for Q2 2020 slightly above the level for Q1 2020 ($ 1.5bn). The forecast is being upgraded based as demand...