a-p-moller-maersk
Three major ocean carriers’ latest results point to a market that is no longer being lifted by pandemic-era pricing, even as geopolitical disruption continues to complicate network planning, costs and customer service.
A.P. Moller-Maersk, Ocean Network Express and Kawasaki Kisen Kaisha, or “K” Line, each reported weaker profitability, but the details show different strategies for weathering the downcycle. The broader lesson for ocean carriers is clear: volume growth alone is not ...
[+]
CMA CGM will reroute vessels on its FAL 1, FAL 3 and MEX Asia-Europe services around the Cape of Good Hope, reversing a recent return to the Suez Canal and adding fresh uncertainty for North American shippers already grappling with volatile transit times, freight rates and inventory planning.
The French container ...
[+]
A.P. Moller–Maersk has ordered eight large container vessels from China’s New Times Shipbuilding Co. Ltd., expanding its newbuilding pipeline as part of an ongoing fleet renewal program.
The ships will form a new series of 18,600-TEU vessels, with deliveries scheduled for 2029 and 2030. Measuring 366 meters in length and 58.6 ...
[+]
Maersk has appointed Robert Erni as chief financial officer and a member of the executive board, succeeding Patrick Jany, who has served in the role for six years.
Maersk CEO Vincent Clerc said Erni is a “highly qualified CFO with deep roots in the global logistics sector and a proven track ...
[+]
At its midway point in is financial year, shipping line Hapag-Lloyd saw significantly increased transport in a volatile shipping market characterized by chaotic implementation of tariffs.
Germany-based Hapag-Lloyd concluded its first half with group EBITDA of US$1.9 billion, up 11.3 percent from the first half of 2024.
The frequent changes in trade ...
[+]
Ocean logistics giant A.P. Moller - Maersk named the first vessel in a series of 17,480 TEU vessels equipped with dual-fuel methanol propulsion, at a ceremony June 18 at Hyundai Heavy Industries’ (HHI) yard in Ulsan, South Korea.
The Berlin Mærsk, is the 14th dual-fuel newbuild entering the Maersk fleet, and it ...
[+]
Danish shipping giant A.P. Moller - Maersk said higher freight rates coupled with increasing container volumes led to improved third quarter revenue and profit.Maersk reported growth across its businesses, primarily driven by Ocean, while both Terminals and Logistics and Services also contributed to improved earnings. Consolidated revenue increased 30 percent ...
[+]
A.P. Moller - Maersk has upgraded its full-year guidance for 2024, due to a third quarter operating profit of US$3.3 million, based on preliminary unaudited figures, the shipping giant said Oct. 21.APMM now expects full-year 2024 operating income of US$5.2 billion to US$5.7 billion, up from US$3 billion to US$5 ...
[+]
The Alette Maersk, Danish shipping line A.P. Moller - Maersk’s new methanol-enabled containership, arrived Aug. 27 at Pier 400 in Los Angeles on its maiden voyage this August.Pier 400 – one of eight APM Terminals locations globally taking part in a ground-breaking electrification pilot – is exploring the best use ...
[+]
A.P. Moller - Maersk (Maersk) delivered strong results in Q3 2022 with higher earnings in its three main businesses; Ocean, Logistics & Services and Terminals, compared to the same quarter last year. Revenue increased by 37%, and both EBITDA and EBIT increased around 60% compared to Q3 2021. Continued momentum ...
[+]
More »
