Analyst says Maersk rate cutting behind Q3 losses
HONG KONG : Analysis by Hong Kong-based Linerlytica suggests that the sudden and deep decline in container freight rates in the third quarter was initiated by Maersk Lines’ attempts to recover market share. Container
Maersk charters more tonnage to catch up with MSC
COPENHAGEN : Maersk Line has been actively chartering vessels in the last fortnight, as the Danish giant tries to close the gap with its rival Mediterranean Shipping Company (MSC), which displaced the former at
Shipping industry could lose $10 billion a year battling climate change by 2050
NEW YORK : Severe drought has caused water levels in the Mississippi River to drop so low that ships have been running aground. To keep commerce flowing, the U.S. Army Corps of Engineers is
Maersk sued over 2021 cargo loss
COPENHAGEN : Danish shipping line Maersk is facing a $5.8 million lawsuit over the loss of containers from the Maersk Eindhoven in 2021. The lawsuit was filed last by the insurer for retail giant Target, Starr Indemnity &
Inditex partners with Maersk to reduce its maritime transport emissions
MADRID/COPENHAGEN : Inditex, parent company of fashion brands such as Zara and Massimo Dutti, has partnered with the freight group Maersk to reduce its global greenhouse gas (GHG) footprint from seaborne logistics by incorporating
Maersk’s first large methanol boxship floated out at HHI
COPENHAGEN : Maersk’s world’s first large 16,200 Teu-containership powered by methanol has been floated out of its building dock at Hyundai Heavy Industries. The ship is the second of 25 dual fuel ships that
Israel-Hamas war: Impact on shipping and port operations, potential risks
The conflict in Israel after attacks by Islamist group Hamas on towns close to Gaza has caused great concerns in the global community, while the impact on various sectors and industries remains to be
Maersk signs deal with Starlink for its Ocean fleet
COPENHAGEN : A.P. Moller – Maersk, the global leader of integrated container logistics, is embarking on a collaboration with Starlink, the pioneering satellite internet constellation developed by SpaceX. Maersk’s more than 330 own operated