Maersk Line

Maersk Line

Maersk Line is the world’s largest container ship operator. Maersk Line is a unit of the A.P. Moller-Maersk Group, based in Copenhagen, Denmark, and with offices around the world. The group was founded as a shipping company in 1904.

A.P. Moller-Maersk’s container shipping subsidiaries — Maersk Line, Safmarine, MCC-Transport, Seago Line and Mercosul Line — operate nearly 600 vessels with a total capacity of more than 2.6 million TEUs (20-foot-equivalent units). Maersk operates the largest container ships in the world to date, with delivery of its 18,270-TEU Triple E vessels beginning this year with the Mærsk Mc-Kinney Møller.

Maersk Line has announced plans to join fellow major container lines Mediterranean Shipping Co. and CMA CGM, in the P3 Network, an alliance that will allow all three carriers to deploy their largest vessels in Asia-Europe trade, while deploying smaller vessels in Trans-Pacific and Trans-Atlantic trade, subject to regulatory approval.

19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
06 Jun 2014
Despite recent improvements, global container lines’ schedule reliability and on-time container delivery have been worse every month so far this year versus last year.
Ocean Carrier Rate Revision Roundup for June 6
06 Jun 2014
Numerous container lines have planned general rate increases in various trade routes to take effect July 1, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
06 Jun 2014
APM Terminals disputes suggestions that sister carrier Maersk Line benefits from lower terminal handling costs because of the companies’ common ownership by Maersk Group.
05 Jun 2014
Maersk Group says it completed a $5.1 billion syndicated revolving credit facility to replace loans maturing in 2015, reducing its financial costs.
04 Jun 2014
Maersk Line said it intends to raise rates on shipments between the Mediterranean and North America, beginning July 1.
04 Jun 2014
Maersk Line is denying claims that its profits are inflated because it gets a discount from its Maersk Group sister company APM Terminals, a major global terminal operator.
28 May 2014
The following excerpt from Culture shock in Maersk Line, the new book by maritime industry analyst Lars Jensen, CEO & Partner at SeaIntel Consulting, discusses the situation today at the world’s No. 1 container carrier.
28 May 2014
Maersk Line says it decided to defer the launch of the P3 Network until autumn to avoid disrupting services during the peak season.
Ocean Carrier Rate Revision Roundup for May 23
23 May 2014
Several carriers have planned general rate increases in multiple trade routes in June and July, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
21 May 2014
Maersk Line more than doubled its first quarter net operating profit to $454 million from $204 million a year earlier, as higher container volumes and lower unit costs offset softer freight rates.
21 May 2014
The much anticipated alliance of Maersk Line, Mediterranean Shipping Co. and CMA CGM will not start operations before September this year as it continues to wait for regulatory approval.