Container carriers in the slowing US import and export trades are exercising increased discipline, maintaining capacity levels rather than introducing new vessels in an attempt to secure a larger share of the market.
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Maersk Line
Maersk Line
Maersk Line is the world’s largest container ship operator. A unit of the A.P. Moller-Maersk Group, it is based in Copenhagen, Denmark, and has offices around the world.
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. Maersk operates the largest container ships in the world to date, including its fleet of Triple E vessels, each with container capacity of more than 18,000 TEUs.
In 2018, A.P. Moller – Maersk and IBM announced plans to create a joint venture aimed at offering a global trade digitization platform by using blockchain technology. The platform will be designed for use by the entire global shipping ecosystem and address the need for greater transparency and simplicity in the movement of goods across borders and trading zones.
Maersk and IBM said that the platform would be designed for use by the entire global shipping ecosystem – not just by Maersk and IBM.
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Sep 24, 2019 2:00PM EDT
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Press Releases
12 Sep 2019
The adoption of blockchain-based container shipping software may depend on the efficacy of associated identity management and data security components.
05 Sep 2019
Digital freight broker Loadsmart is adding to the list of startups aiming to revamp way shippers can procure drayage capacity in an effort backed by sizable investment from Maersk and Ports America.
28 Aug 2019
Wide-ranging software development — from in-house teams to fostering startups — in Bangalore shows Maersk is putting resources toward its stated intent to become a global logistics integrator.
23 Aug 2019
The Port of Virginia will shift more vessel calls to the Virginia International Gateway (VIG) terminal so shippers using rail can receive their cargo faster.
21 Aug 2019
The strong quarter for Maersk will strengthen its resolve in making what amounts to an existential bet that the integrator path is the best response to the commodification of ocean shipping.
19 Aug 2019
Monetization of TradeLens would give the largest global container line another revenue stream not tied to ocean shipping, furthering its effort to become an integrator.
15 Aug 2019
The initial growth in volume booked via Maersk Line’s new online tool gives carriers further impetus to provide similar products that offer guaranteed contract reliability.
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.
26 Jul 2019
Maersk’s investment in digital trucking marketplace Loadsmart presaged a move to offer integrated US truckload rates on its online booking platform, a move the carrier confirmed this week.
17 Jul 2019
With its sophisticated remote container management technology for reefer movement, Maersk recently shipped a large export consignment of home-grown mangoes from India to the UK, setting itself up for further growth in that market.
12 Jul 2019
Carriers are going beyond setting up logistics arms and instead making the end-to-end reach a full company play rather than standalone attempt to offer the higher value and margin services as the NVOs they compete and partner with.
10 Jul 2019
India’s intra-country containerized trade has reaped the benefits since the country dropped restrictive cabotage rules a year ago, and Maersk has positioned itself to seize new opportunities.
08 Jul 2019
A visibility software provider said shipping lines are expecting something in return for providing data to third-party software companies, a change from the past.
05 Jul 2019
Expectations of slowing demand on the Asia-Europe trade have left the market with little inclination to accept carrier rate increases.
04 Jul 2019
Germany-based carrier Hapag-Lloyd is on a campaign to modernize its reefer fleet and has rolled out plans to bring all the containers online and trackable in real time.
04 Jul 2019
Carriers and shippers alike must adapt to the new realities of a container shipping market in which only a handful of large players control the vast majority of capacity.
03 Jul 2019
Another round of blank sailings has been announced, this time by the Ocean Alliance, as carriers sail into a decidedly uncertain peak season shipping period.
02 Jul 2019
Maersk’s rival carriers understand their data will be kept private, and broader carrier acceptance will drive more value for shippers, Maersk’s TradeLens emphasized to JOC.com.
25 Jun 2019
The shipping sector is lacking investments in effective carbon reducing technologies, threatening to miss IMO 2050 targets for decarbonization, according to a recent report from CDP.
25 Jun 2019
Maersk is resuscitating the idea of assessing container no-show fees to forwarders and shippers and to itself if a box doesn’t load, though the difference this time might lie in the digital foundation around the fees.
07 Jun 2019
The world’s largest container carrier is expecting continued growth in India despite a broad-based economic slowdown caused by declining consumer spending growth, geopolitical trade tensions, and financial volatility.
29 May 2019
Maersk Line predicts trade in and out of Mexico will rise 3-8 percent in 2019, with help from the auto and beer sectors if both flourish.
24 May 2019
The world's largest shipping line saw operating income increase in the first quarter of 2019, despite volume falling 2.2 percent, a sign that it won't be pulled into market share skirmishes and will instead focus on profitability, its CEO said.
16 May 2019
In the latest step in the ocean carrier’s transformation into a “global integrator” of container logistics, Maersk Line has folded in the inland services formerly operated by APM Terminals.
14 May 2019
Adding five new members may give the Digital Container Shipping Association the quorum needed to press forward with the development of standard data protocols.
06 May 2019
The container carrier’s latest efforts to provide integrated, end-to-end logistics services is helping it to make inroads in the Indian cold chain market.
23 Apr 2019
HMM’s new CEO is on a European tour that will focus on three key challenges: the future of its 2M Alliance relationship, winning customer trust, and gaining insight into the low-sulfur fuel mandate.
16 Apr 2019
Four of the world’s largest shipping lines received clearance this week to begin developing data standards through a new association designed to help carriers to tap more quickly into outside digital innovation.
04 Apr 2019
After a nationwide trucker strike last May, transportation providers like Maersk and Brazilian railroad Brado are taking a multimodal approach to avoid becoming overly dependent on a volatile trucking market.
29 Mar 2019
Container lines with the financial muscle — or state backing — are forging ahead with strategies aimed at controlling a greater portion of the container supply chain.
26 Mar 2019
The Danish shipping giant has established a start-up accelerator in India that aims to help develop technologies Maersk can one day leverage back into its own digital transformation.
13 Mar 2019
Growing demand for manufacturing and refrigerated agricultural exports coupled with infrastructure upgrades and pro-trade reforms have made India one of the “top trading destinations” globally, according to the world’s largest container carrier.
13 Mar 2019
Strict schedules, predictable routes and prices, and commoditized handling have long made liner services attractive to breakbulk shippers, but project cargoes are a different story altogether.
07 Mar 2019
Soren Skou tells TPM19 Maersk's latest foray into integrated logistics will be more successful thanks to its dominant market share and widespread digitization throughout the container shipping industry.
05 Mar 2019
Container carrier executives tell TPM 2019 poor forecasting is an industry-wide problem, but solving it could greatly reduce overbooking and "no-show" cargo, benefiting shippers and carriers alike.
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