Maersk : Red Sea reroutings will continue as attacks intensify
COPENHAGEN : Shipping giant Maersk, the world’s second-largest liner operator, says it will continue to avoid trade routes through the Red Sea until safety of its seafarers and vessels can be guaranteed. In its August 2024
Maersk says global trade ‘Resilient’ amid economic challenges
COPENHAGEN : Maersk’s latest Asia Pacific Market Update paints a picture of resilient global trade despite economic challenges. The report highlights a robust global economy with 2.6% projected GDP growth for 2024, driven by U.S. expansion
MSC’s market share now nearly 20%, Maersk under pressure
GENEVA : MSC now has a market share of nearly 20% in the container the shipping industry, an all-time high for any liner operator. According to Alphaliner, MSC has added at least 400,000 TEUs
APMT bets on terminal development in Pakistan as subcontinent trade expands
KARACHI : Growing trade volumes out of the Indian subcontinent amid the trade diversification in Asia are driving global maritime investors to pour more money into the market. Maersk subsidiary APM Terminals is weighing
Maersk joins study to explore potential of nuclear powered container-shipping
COPENHAGEN : Maersk, Lloyd’s Register and Core Power will explore the regulatory feasibility and frameworks that will be required for a container ship using a fourth-generation nuclear reactor to undertake cargo operations in Europe,
Maersk continues with fleet renewal plan
COPENHAGEN : In continuation of its fleet renewal programme initiated in 2021, A.P. Moller – Maersk is in the process of signing newbuilding orders and time-charter contracts for dual-fuel vessels matching the planned renewal
Maersk ups profit target by $2bn on Red Sea shipping woes
COPENHAGEN : Danish shipping giant Maersk said Thursday it expects its underlying profit in 2024 to be $2 billion higher than its previous forecast as freight rates have increased amid the crisis in the
A.P. Møller – Mærsk A/S – Trading update for Q2 and adjustment of full-year guidance 2024
COPENHAGEN : Based on preliminary figures, A.P. Møller – Mærsk A/S (APMM) reports an unaudited revenue of USD 12.8bn, underlying EBITDA of USD 2.1bn and underlying EBIT of USD 756m (reported EBIT of USD