Maersk Archives — Page 4 of 5 — City Business News

September 20, 2018 No Responses

A.P. Moller – Maersk Explains Integration, Improved Customer Experience

To better serve customers and unlock growth potential in the Logistics &Services segment, A.P. Moller – Maersk will combine its offering for ocean products and supply chain services to be able to offer more comprehensive end-to-end logistic solutions for cargo...

September 18, 2018 No Responses

Maersk Line To Introduce New Fuel Adjustment Surcharge

World’s largest container shipping company Maersk Line is planning to introduce a new fuel adjustment surcharge ahead of the 2020 sulphur cap. As explained, the new Bunker Adjustment Factor (BAF) surcharge aims at recovering Maersk Line’s costs of compl...

August 31, 2018 No Responses

Maersk’s Fuel Costs to Rise by $2B Per Annum

The annual fuel bill of Danish shipping giant A.P.Moller Maersk is set to increase by USD 2 billion a year, at least, amid rising costs from the implementation of the 0.5 percent sulfur cap in 2020. Simon Bergulf, director for regulatory affairs...

August 22, 2018 No Responses

Maersk To Test Northern Sea Route

Danish industry major A.P.Moller Maersk is about to send a containership through the Northern Sea Route as part of a test run aimed at collecting scientific data. The route is becoming ever more appealing to the shipping industry, especially to...

August 20, 2018 No Responses

Maersk To Focus On Transport, Lists Drilling As Stand Alone Firm

Danish transport and logistics group A.P. Moller – Maersk has decided to list Maersk Drilling as a standalone company on Nasdaq Copenhagen in 2019 in an effort to focus on transport and logistics. Having evaluated the different options for Maersk Drilling,....

July 24, 2018 No Responses

Nigeria Lifts Suspension On Maersk Line, Cosco, Two Others

The Management of Nigerian Ports Authority (NPA) has ordered restoration of services to the four shipping Companies whose operations were suspended for their alleged failure to comply with the directive of acquiring and operating holding bays for their contain...

May 27, 2018 No Responses

Maersk Line Inaugurates New Transatlantic Service

Danish shipping giant Maersk Line is expanding its presence between Europe’s Mediterranean region and Canada to cater for the growing demands on both sides of the Atlantic. The company is introducing a new weekly service that will be a five-vessel...

May 10, 2018 No Responses

ICTSI Posts $44.1 million Net Income In Q1

Drag from the new terminals has seen Philippine-based terminal operator ICTSI report a lower profit in the first quarter of 2018. The company said that its net income attributable to equity holders stood at USD 44.1 million, 15 percent less than...

May 4, 2018 No Responses

Maersk Welcomes Medium Range Product, Chemical Tanker

Danish-based Maersk Tankers has welcomed into its fleet Maersk Capri, a newbuilding Medium Range (MR) product/chemical tanker. The 50,000 dwt ship, flagged in Singapore, was named on April 19 at the Samsung Heavy Industries shipyard in Ningbo, China. ” Maer...

December 15, 2017 No Responses

Maersk Line Pulls out of Transpacific Stabilization Agreement

Danish container carrier, Maersk Line is withdrawing from the Transpacific Stabilization Agreement (TSA) this month as part of its commitments to regulatory authorities made in the context of the acquisition of Hamburg Süd. “In light of the commitments prov...

October 8, 2017 No Responses

South African Regulator Approves Maersk Line’s Deal

South Africa’s competition tribunal has cleared Maersk Line’s proposed acquisition of German liner company Hamburg Süd. “The clearance is conditional upon Hamburg Süd’s withdrawal from the SAAF vessel sharing agreement operating in the South Africa...

August 22, 2017 No Responses

Total stakes $7.5billion for Maersk Oil Business

Danish transport and energy conglomerate, A.P. Møller – Mærsk A/S has signed an agreement to sell Maersk Oil to Total S.A for $7.45 billion in a combined share and debt transaction. As explained by Maersk, the separation of the energy...

August 17, 2017 No Responses

Maersk Group posts $264m loss in Q2

Danish energy and transportation giant A.P. Moller – Maersk sailed into a loss of $ 264 million in the second quarter of 2017, a switch from last year’s profit of $118 million. Maersk said the loss was due to impairments...

June 28, 2017 No Responses

New cyber attack goes global, hits Maersk

A cyber attack has shut down IT systems across multiple sites and business units owned by Danish transport and logistics major A.P. Moller – Maersk, the company confirmed earlier today. APM Terminals is said to be among the hit business units, with...