Maersk Archives — Page 3 of 5 — City Business News

June 12, 2020 No Responses

300 Maersk Vessels To Assist Research Efforts On Weather Patterns, Climate Change

Danish container shipping major Maersk will be assisting global research efforts on weather patterns and climate change by committing its 300 owned vessels to participate in the global Voluntary Observing Ship (VOS) program. While Maersk already has many vesse...

February 21, 2020 No Responses

Maersk Declares $ 5.7b Earnings For 2019, Projects 2020 Outlook

Despite weak market conditions and slow container growth of 1.4 percent, Danish shipping heavyweight, A.P. Moller – Maersk managed to improve earnings and free cash flow in 2019. The company’s earnings before interest, tax, depreciation, and amortization (...

January 19, 2020 No Responses

Firm Seals Charter Deal With Maersk, MSC

German shipping major Hapag-Lloyd has signed a space charter agreement with the members of the 2M Alliance – Maersk and Mediterranean Shipping Company (MSC). Under the arrangement, the space charter deal will give Hapag-Lloyd access to selected services of 2...

November 25, 2019 No Responses

Maersk, Firm Seal Partnership On 11 New Ships

Danish tanker owner and operator Maersk Tankers is set to add eleven tankers to the fleet under its management, following an agreement with BP Shipping and ICBC Financial Leasing. The agreement involves three Suezmax, three MR and five Handy-sized vessels,...

July 5, 2019 No Responses

Firm Expands Partnership With Maersk, MSC

Israeli shipping company Zim Integrated Shipping Services (ZIM) has further expanded its strategic cooperation with the members of the 2M Alliance – Maersk and Mediterranean Shipping Company (MSC). Specifically, ZIM has now decided to boost ties with 2M on t...

February 27, 2019 No Responses

Maersk To Attain Carbon Neutral Status By 2050

At the end of last year, the world’s largest shipping company Maersk revealed plans on becoming a carbon neutral company by 2050. The efforts are in line with the shipping industry’s push to halve its carbon footprint by 2050 compared to 200...

February 22, 2019 No Responses

A.P. Moller – Maersk Explains $8.7b Debt, 2019 Investment Agenda

For the 2018 financial year, A.P Moller-Maersk net interest-bearing debt reduced from $14.8billion to $8.7billion. Meanwhile, the company remains investment grade rated. Following the listing of Maersk Drilling through a demerger and subject to maintaini...

February 3, 2019 No Responses

Maersk To Reflag UK Vessels, End Training Of Cadets

Danish shipping giant, Maersk plans to reflag UK vessels and end training of cadets in advance of Britain leaving the European Union in March, maritime trade union Nautilus said. As informed, the company decided to take its remaining vessels off...

December 6, 2018 No Responses

Maersk Explains 2050 Target For Zero CO2 Emission

A.P. Moller -Maersk aims at having carbon neutral vessels commercially viable by 2030 and calls for strong industry involvement Aimed at accelerating the transition to carbon neutral shipping, Maersk announces today its goal to reach carbon neutrality by 2...

November 15, 2018 No Responses

Maersk Rules Out Mergers, Acquisitions In 2019

Danish transportation and logistics giant Maersk doesn’t see a strong need to pursue mergers and acquisitions in the following year, according to the company’s Chief Executive Officer, Søren Skou. As explained, the company has over 20 per cent market ...

November 14, 2018 No Responses

A.P. Moller – Maersk Reports $10.1b Revenue In Q3

For the 2018 third quarter, A.P. Moller – Maersk has reported growth in both Ocean and non-Ocean with a total revenue increase of 31% to USD 10.1bn, 12% excluding Hamburg Süd. Growth in non-Ocean was at 15%, which now contributes...

November 1, 2018 No Responses

Maersk Explains Instant Booking Confirmation

With the introduction of instant booking confirmation, Maersk customers can now complete their bookings within seconds compared to previous waiting times of up to two hours. Eliminating this delay, as the first in the industry, is a top priority for...

September 26, 2018 No Responses

Shippers Forum Implores Maersk Line On New Fuel Surcharge

Danish shipping company needs to reconsider its plan to introduce new fuel surcharge arrangements from January 1, 2019, the Global Shippers Forum (GSF) has said. Earlier this month, Maersk Line said it will change fuel adjustment surcharge to recover pres...