The terms of a $5 billion credit line obtained by Maersk as it reinvents itself as a logistics integrator will become more favorable as the ocean carrier progresses towards its carbon-neutrality goal.
20 Feb 2020
A.P. Moller-Maersk’s integration strategy calls for the carrier to grow its non-ocean segment to half the business, but that process slowed dramatically in 2019.
20 Feb 2020
Due to reduced demand tied to the coronavirus, Maersk said it has cancelled more than 50 sailings beyond what it normally cuts during the traditional Chinese Lunar New Year lull.
12 Feb 2020
Maersk has replaced its outgoing CFO with an executive from the chemicals industry to help drive the carrier’s M&A and innovation strategy.
07 Feb 2020
DSV Panalpina enters its “year of integration” in good financial shape, and aims to build on volume and revenue growth.
30 Jan 2020
Port of Tanjung Pelepas (PTP) in southern Malaysia has begun using Portchain’s software to automate and optimize berth planning operations.
13 Jan 2020
Air cargo may have had a year to forget in 2019, but in Europe it will be remembered as the year seafood exports to Asian markets, especially Norway to China, started to really take off.
15 Nov 2019
Maersk continues to improve its profitability, helped by falling bunker prices and a greater focus on capacity management.
01 Nov 2019
Carriers do not plan on carrying any of the costs of complying with the IMO 2020 low-sulfur fuel regulations, and will levy a surcharge on spot rates and shorter contracts.
11 Sep 2019
Heavy-lift carriers open a shared office and will cooperate to offer more choices in a consolidating shipping segment.
15 Aug 2019
It was a modest second quarter result, but Maersk Line continues to improve its profitability by improving reliability and resisting any temptation to chase market share.
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