maersk
Danish shipping giant Maersk posted better-than-expected first quarter operating profit but warned that the ongoing tariff trade war between China and the U.S. could stunt global container volumes.
Maersk said first quarter earnings before interest, tax, depreciation and amortization, or EBITDA, of US$2.71 billion for the 2025 first quarter, 70 percent better than the US$1.59 billion in the first quarter 2024. Revenue grew 7.8 percent to US$13.3 billion.
Maersk is maintaining its ...
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Danish logistics company DSV has secured EU antitrust approval for its US$15.85 billion acquisition of German rival Schenker, creating what will become the world's biggest logistics company, the European Commission said April 9, Reuters reported.
DSV announced the deal for the logistics arm of German state-rail operator Deutsche Bahn in September ...
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The Port Authority of New York and New Jersey, or PANYNJ, on March 27 approved a lease extension for A.P. Moller – Maersk’s APM Terminals Elizabeth lease through December 2062, Maersk reported.
Originally set to expire in 2029, the 33-year lease extension marks a significant milestone in the company’s relationship with ...
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The Gemini cooperation agreement between Maersk and Hapag-Lloyd will rely heavily on a small number of transshipment hubs to support its new hub-and-spoke network, according to Drewry’s latest quarterly Ports and Terminals Insight report.While several of the terminals within the planned network reflect world-class operational performance in terms of intensity ...
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Maersk is switching from vessels to a land bridge to avoid the Panama Canal on its OC1 service between Oceania and the Americas. This is due to the water situation, which has forced the Panama Canal Authority to reduce the number and weight of vessels passing through the waterway.
The service ...
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Mediterranean Shipping Company (MSC) and Maersk A/S, an entity under A.P. Moller - Maersk, have mutually agreed to terminate, effective in January 2025, the present 2M alliance.In a joint statement, CEO Vincent Clerc of A. P. Moller - Maersk, and CEO Soren Toft of MSC say: “MSC and Maersk recognize ...
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A.P. Moller - Maersk (Maersk) announces that it has ordered a further six large ocean-going vessels that can sail on green methanol. The six vessels will be built by Hyundai Heavy Industries (HHI) and have a nominal capacity of approx. 17,000 TEUS. They will replace existing capacity in the Maersk ...
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Maersk delivered record results for Q1 2022 across its businesses, driven by higher rates and strong long-term partnerships with customers seeking end-to-end supply chain support. Revenue was up 55% to $19.3 billion. EBITDA more than doubled to $9.1 billion and free cash flow increased to $6 billion.
“In Q1 we delivered ...
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A.P. Moller-Maersk has announced the completion of its acquisition of Pilot Freight Services, a leading U.S.-based international and domestic supply chain provider with cross-border solutions into Canada and Mexico. Pilot Freight Services will be rebranded to Pilot – A Maersk Company.Maersk sees the strategic and highly complementary acquisition benefiting customers ...
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Maersk has reached an agreement to acquire LF Logistics, a Hong Kong-based contract logistics company, with premium capabilities within omnichannel fulfilment services, e-commerce, and inland transport in the Asia-Pacific region.The transaction comes at a price tag of $3.6 billion.“The acquisition of LF Logistics is an important and truly strategic milestone ...
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