Navigating Turbulence Among Challenges and Strategies in Container Shipping
The container shipping industry is grappling with a surplus of capacity, leading to a drop in customer rates that Maersk CEO Vincent Clerc described as unsustainable during the company's annual shareholder meeting.
Maersk Expands End-to-End Supply Chain Services
Maersk is expanding its services to cover the entire supply chain, including air cargo operations.
Maersk Adapts Shipping Routes as Panama Canal Faces Water Shortages
Shipping giant Maersk has informed clients that vessels carrying freight from Oceania (Australia and New Zealand) will no longer transit the Panama Canal due to ongoing low water levels caused by a severe drought.
U.S. Helicopters Repel Houthi Attack on Maersk Vessel in Red Sea
In a recent incident in the Red Sea, U.S. helicopters successfully defended a Maersk container vessel from an attack by Iran-backed Houthi militants.
Global Shipping Firms Impose Surcharges Amid Red Sea Rerouting
Maersk and CMA CGM, two major global shipping companies, are implementing additional charges due to their decision to reroute ships away from the Red Sea following recent attacks on vessels in the region.
Maersk Invests $500 Million in Southeast Asia's Supply Chain Expansion and Sustainability Initiatives
Maersk is investing over $500 million to expand its supply chain infrastructure in Southeast Asia to support the region's growth as a global production and consumption hub.
Volvo Cars Partners with Maersk's ECO Delivery Ocean Solution to Cut Greenhouse Gas Footprint
Swedish car manufacturer Volvo Cars have partnered with Maersk to decrease its global greenhouse gas (GHG) emissions from seaborne logistics.
Maersk expects a 2.5% drop in container shipping volume this year
CEO Vincent Clerc has cited “muted” economic growth as a reason for the decline, especially after exceptionally high freight rates have been normalized over the past two years.
Denmark-based shipping giant A.P. Moeller-Maersk reports record profits in 2022
With full-year revenue skyrocketing to $81.5 billion - a 32% increase from 2021’s $61.8 billion mark - the company is celebrating… cautiously
Maersk North America is leaning into the electric trend
Maersk North America provides a range of shipping and logistics services to customers, including ocean transportation, intermodal transport, and supply chain management solutions.
The U.S. & Korea have gained a Maersk air cargo route
Two new weekly flights have been scheduled between Greenville-Spartanburg Airport (GSP) in South Carolina and Incheon Airport (ICN), increasing the air market accessibility between Asia and the Southeast region of the United States.
Denmark-based Maersk is reporting nearly $9 billion in profits
With a recorded 2022 revenue of over $22 billion, the ocean logistics company is reporting higher volumes as compared to last year.
Ocean carriers are still swimming in bathtubs of money
Ocean carriers are still swimming in bathtubs of money.
A.P. Moller - Maersk voices support for US Clean Shipping Act
The U.S. Clean Shipping Act is legislation currently being reviewed by Congress.
Maersk loaded 7.4% fewer containers onto ships last quarter
Maersk, the Danish shipping and logistics company and one of the leading figureheads in the maritime industry is warning that it has loaded 7.4% fewer containers onto ships in Q2.
Maersk’s International Chamber of Shipping representation steps down, citing lack of green initiative by the board
By shifting its focus, Maersk will be dedicating internal resources to the WSC and strengthening its relationship.