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.
19 Nov 2014
China Shipping said it will launch the first of five 19,100-TEU container ships by end of the month, supplanting Maersk Line as the operator of the world’s largest container vessel.
14 Nov 2014
Carriers in the trans-Pacific eastbound trade will follow this week’s announcement of a $1,000 congestion surcharge with a proposed $1,000 per container rate increase to take effect in mid-December.
Evergreen container ship at the port of Los Angeles.
14 Nov 2014
Multiple container lines operating in the trans-Pacific lane have plans to implement some of the largest port congestion surcharges ever ― up to $1,000 per 40-foot container ― on cargo moving via U.S. West Coast ports, signaling the extent to which carriers are being battered financially by the worst U.S. port congestion in years.
Ocean carrier rate revision roundup for Nov. 14
14 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
13 Nov 2014
Maersk Line CEO Soren Skou said today the world’s largest container line will likely order more Triple-E ships over the next six months.
12 Nov 2014
Maersk Line is reviewing the ocean and inland services it provides in the trans-Pacific trade — a notoriously high-cost and unprofitable trade lane for container lines — with an eye to increasing the rates it gets for those services or eliminating those that don’t make money.
12 Nov 2014
The speed at which the oil price fell took Maersk by surprise as bunker fuel dropped $20 in the past month, but Maersk Group CEO Nils Andersen said customers would benefit from the lower prices.
11 Nov 2014
Maersk Group Chief Executive Nils Andersen reiterated Tuesday that the 2M vessel-sharing agreement between Maersk and Mediterranean Shipping Co. will launch in January.
11 Nov 2014
Maersk Line made a third quarter profit of $685 million, up almost 20 percent year-over-year as the Danish carrier increased freight rates and container volumes while keeping pressure on costs.
Weekly wrap-up: 10 stories on US West Coast ports
08 Nov 2014
JOC.com readers are eating up news emerging from the U.S. West Coast, with all of the Top 10 stories on the site in the past week focusing on congestion and labor issues at the ports of Los Angeles, Long Beach, Tacoma and Seattle.
Ocean carrier rate revision roundup for Nov. 7
07 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.