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.

Ocean carrier rate revision roundup for July 18
18 Jul 2014
Multiple carriers have announced general rate increases on several trade routes to take effect in August.
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.
Ocean Carrier Rate Revision Roundup for May 16
16 May 2014
Multiple carriers have planned general rate increases in various trade lanes in June and July, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Ocean Carrier Rate Revision Roundup for May 9
09 May 2014
Multiple carriers have planned general rate increases in various trade lanes in May and June, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
05 May 2014
Hapag-Lloyd at the weekend informed its customers that it will be prepared to levy what could be large congestion surcharges on shipments to and from the United States in the event that work stoppages occur during West Coast longshore contract negotiations this summer.