Hub Port Performance Key for Gemini

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 of asset use, strong performances will be essential for Gemini’s strategy.Since MSC and Maersk announced in January 2023 that the ... [+]

Maersk splits Panama Canal service

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 ... [+]

Maersk, MSC to discontinue 2M alliance in 2025

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 ... [+]

Maersk continues green transformation

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 ... [+]

Maersk reports record Q1

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 ... [+]

Maersk completes acquisition of Pilot Freight Services

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 ... [+]

Maersk to acquire LF Logistics for $3.6B

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 ... [+]

Maersk designs carbon-neutral methanol vessels

The time has finally arrived. Maersk has introduced the design of its eight groundbreaking and industry-leading 16,000 TEU container vessels powered by carbon-neutral methanol.When designing these, the goal was to make sure the new vessels could service customers in a smarter way while contributing to their carbon-neutral transportation goals.Unique to ... [+]

Maersk enters strategic partnership with Danish Crown

A.P. Moller - Maersk announced the signing of a global end-to-end logistics agreement with Danish Crown from 2021. The three-year end-to-end agreement covers all Danish Crown’s business units, delivering solutions on ocean services, inland logistics and cold chain logistics. Access to the digital supply chain platform Tradelens, which is underpinned ... [+]

Maersk makes first tech acquisition

A.P. Moller – Maersk (Maersk) recently announces the acquisition of HUUB, a Portuguese cloud-based logistics start-up, specialized in technology solutions for B2C warehousing for the fashion industry. This is Maersk´s third acquisition this year within E-commerce Logistics and it comes through our venture activities with Maersk Growth.As a disruptive force ... [+]

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