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Second-hand box ship market still red hot, with profit to be made – for now

“In an extremely tight tonnage market, the purchase price paid for many second-hand containerships is higher than their newbuild cost.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

ZIM Provides Update on Operational Cooperation Agreement with the 2M Partners

The following release was published by ZIM Integrated Services:

The Parties Have agreed to Extend...

by ZIM

DP World joins with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping

“DP World has joined forces with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. The Cen...

by Port Technology

Maersk predicts $20 billion operating profit in ‘exceptional’ 2021

“A.P. Møller – Mærsk (Maersk) has reported revenues of $18.5 billion for the fourth quarter this year as carrier profits continue to roll in.” See the original story at Port Technology. Source: Port Technology (JK)

by Port Technology

Maersk starts reefer train service in Spain

“Maersk has announced the launch of a new weekly rail service for reefer cargo, connecting the Port of Algeciras in Cadiz with Marin Port in Galicia.” See the original story at Container News. Source: Container News (JK)

by Container News

Maersk accelerates net zero emission targets to 2040

“A.P. Moller – Maersk (Maersk) has announced it now aims to become net-zero by 2040, utilising new aspiring emissions targets.” See the original story at Port Technology. Source: Port Technology (JK)

by Port Technology

Maersk highlights critical constraints in container hubs

“Maersk has asked its customers to “bear with us” as COVID-19 outbreaks bring further disruption to global supply chains.” See the original story at Seatrade Maritime News. Source: Seatrade Maritime News (JK)

by Seatrade Maritime News

Maersk confirms methanol-powered vessels order at Hyundai Heavy Industries

“A Maersk representative has confirmed to Container News that the Danish shipping company has declar...

by Container News

Maersk partners with Pakistan’s largest chemical manufacturer

“A.P. Moller-Maersk (Maersk) Pakistan has partnered with Tufail Chemical Industries, providing the company with ‘Maersk Flow’.” See the original story at Port Technology. Source: Port Technology (JK)

by Port Technology

MSC overtakes Maersk as world’s largest ocean carrier

“Swiss container shipping company Mediterranean Shipping Company (MSC) is now the world’s largest oc...

by Container News

Port of Ningbo open, but logistics services stutter as Covid restrictions bite

“Services at the port of Ningbo are operating normally – although the Zhejiang Province government h...

by The Loadstar

Sea-rail volumes at Ningbo Zhoushan Port break all-time record

“Ningbo Zhoushan Port has handled more than 1.2 million TEU in combined sea-rail intermodal transpor...

by Container News

Maersk is this year’s high jumper-share picks up 79 percent. in 2021

“2021 has been the record year for AP Møller-Mærsk, which aims to set an earnings record after freight prices have skyrocketed and set record after record during the year.” See the original story at Mobility Watch. Source: Mobility Watch (JK)

by Mobility Watch

Maersk foresees severe space shortage ahead of Chinese New Year

“A.P. Moller – Maersk has said space to remain tight through to Chinese New Year (CNY) due to on-going capacity constraints and sailing delays.” See the original story at Container News. Source: Container News (JK)

by Container News

Congestion linked supply chain chaos to persist till mid-2022, says Maersk

“A.P. Moller – Maersk forecasted that continuation of equipment shortage is expected in the near fut...

by Container News

Maersk in Asian expansion with $3.6bn with Li & Fung logistics acquisition

“AP Moller – Maersk continues its aggressive expansion into the wider supply chain acquiring the contract logistics business of Li & Fung Group in a $3.6bn deal.” See the original story at Seatrade Maritime News. Source: Seatrade Maritime News (JK)

by Seatrade Maritime News

Maersk feeder disabled and adrift in the Mediterranean

“Maersk’s feeder Maersk Roubaix was disabled and adrift in the Mediterranean on 20 December, 370 kil...

by Container News

Maersk hatches ‘winter plan’ to counter record transatlantic storm season

“A record-breaking Atlantic hurricane season has severely disrupted transatlantic liner services, adding to capacity shortage issues on the route.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

Unilever opts for Maersk to manage its global ocean and air logistics

“Maersk has signed a four-year contract with FMCG and food production giant Unilever to provide operational management of its global ocean and air freight transport.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

SHAKA 2 service rotation to be adjusted

The following advisory was published by CMA CGM:

To ensure service reliability during the ongoing...

by CMA CGM

Maersk to provide logistics solutions for UNAHCO Inc.

“A.P. Moller – Maersk (Maersk) has announced it is to provide end-to-end logistics solutions for Univet Nutrition and Animal Healthcare Co. (UNAHCO).” See the original story at Port Technology. Source: Port Technology (JK)

by Port Technology

Taiwan carriers eschew multi-year contracts in favour of ‘customer choice’

“Evergreen and Yang Ming are not following the contractual stance of rival operators, including Maersk and Cosco which are locking-in customers to multi-year contracts” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

New containership design cements Maersk’s methanol ambitions

“As part of a wider shift toward green methanol as its future fuel of choice, Maersk has unveiled a new 16,000 teu green-methanol ship design.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

Wan Hai buys newbuild feeder pair for US$78 million

“Wan Hai Lines continues to acquire more ships after setting aside more funds for fleet expansion.” See the original story at Container News. Source: Container News (JK)

by Container News

Maersk forwarder clients left in limbo as carrier restricts them to Spot deals

“Maersk’s forwarding and NVOCC customers are being targeted by competitor lines as the Danish carrie...

by The Loadstar

Maersk expands contract options amid rumours it intends to shun forwarders

“As it continues to drive its container line services towards a high majority of long-term contract...

by The Loadstar

Sailing towards record profits, Maersk will give $80m bonus to employees

“The AP Møller-Maersk group is set to award a $1,000 annual bonus to its 80,000 employees, according...

by The Loadstar

Maersk hands the baton to MSC at top of the liner rankings

“The changing of the guard at the top of the liner rankings is underway. Alphaliner data shows there...

by Splash247

Ocean lines making near $80 billion in operating profit for year so far

“Container lines saw significant increases in revenue in the third quarter leading to an operating profit of almost $80 billion for the year so far.” See the original story at Port Technology. Source: Port Technology (JK)

by Port Technology

Maersk vessel disabled in the English Channel

“The 2008-built Maersk Bulan was disabled around 07:30 UTC on 26 November in the English Channel. Th...

by Container News

Container lines double down on second-hand ship buying

“Carriers have continued a second-hand ship-buying spree this year to offset capacity lost to conges...

by JOC

Strong Feeder Ship Growth with Orders From X-Press and CMA CGM

“X-Press Feeder contracted for 16 containerships each with a capacity of 1,170 TEU. The order is bei...

by The Maritime Executive

‘Super-port’ of Antwerp-Bruges lining up to be UK’s first call

“Antwerp is positioning itself to be the UK’s gateway to Europe. Unaccompanied container volumes hav...

by The Loadstar

Maersk says Asia vessel capacity is to remain tight through Lunar New Year

“Container demand growth for 2022 is “likely to moderate” compared to 2021, forecasts A.P. Moller –...

by Port Technology

Suspected Covid-19 case on Maersk Emden

“Mediterranean Shipping Company has announced that the 13,100TEU Maersk Emden, which is deployed on...

by Container News

Container alliances’ market domination alarms White House

“The White House has raised concerns about the lack of competition in global container shipping, caused by the domination of the market by the three container alliances.” See the original story at Container News. Source: Container News (JK)

by Container New

Far East Asia to North Europe AE7 Service

The following release was published by A.P. Moller – Maersk:

With our continued efforts to improv...

by A.P. Moller – Maersk

Maersk takes majority share in South African freight firm

“A.P. Moller – Maersk (Maersk) has taken steps to form a partnership with freight transportation com...

by Port Technology

Hapag-Lloyd sees no let-up in demand as profits increase tenfold

“Hapag-Lloyd has reported group profit increases of more than $6 billion for the first three quarters of 2021 as earnings momentum will remain high for the rest of the year.” See the original story at Port Technology. Source: Port Technology (JK)

by Port Technology

Zim confirms it will charter neo-panamax ships from rival carrier RCL

“Israeli liner operator Zim has confirmed to The Loadstar that it will charter two neo-panamax ships from Thai intra-Asia carrier Regional Container Lines.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

Maersk and Vestas sign mega container cargo deal

“A.P. Moller – Maersk has entered into a long-term strategic partnership with the energy solutions provider Vestas for all containerised transport.” See the original story at Container News. Source: Container News (JK)

by Container News

Yang Ming set to make huge profit from sub-letting charter to Maersk

“The red-hot containership charter market has spawned an unusual sub-let deal between alliance rivals Yang Ming and Maersk.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

Maersk reports record earnings in Q3 2021

“A.P. Moller – Maersk (Maersk) has reported record earnings in Q3 2021 with revenue growing 68% to $...

by Port Technology

Maersk Saudi Arabia invests $136 million in Jeddah Islamic Port

“Maersk Saudi Arabia has signed an agreement with the Saudi Ports Authority (MAWANI) to invest $136...

by Port Technology

Major ocean carriers sailing towards astonishing $200bn profit this year

“With stock market-listed ocean carriers reporting even better-than-expected profits for the third q...

by The Loadstar

Potential impact of China’s power crisis on the supply chain industry

“The largest container carrier in the world, Maersk Line has warned about the potential impact of th...

by Container News

Maersk: container demand down, capacity remains ‘severely limited’

“Some 10% of the global container fleet is waiting for berth, with capacity “severely limited” by co...

by Port Technology

‘Mayhem’ as alliances offer different schedules for the same containership

“Shippers from Asia to North Europe are being given conflicting information on vessel ETAs by carriers in the same alliance, and for the same ship.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar