Several container lines have scheduled rate hikes in multiple trade lanes from April to May, although any increases achieved could be temporary...
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.
Press Releases
03 Mar 2014
Vessel capacity is exaggerated but container ship lines continue to struggle to raise rates to cover costs and meet service demands, carrier executives told the JOC’s 14th annual TPM conference.
02 Mar 2014
Japan becomes the latest country to require information from shippers of containerized cargo before the cargo heads to sea, with its 24-hour advanced manifest rule coming into force.
28 Feb 2014
Multiple container lines hope to increase rates in a variety of trade lanes from March through June, although any hikes achieved could be fleeting...
27 Feb 2014
Maersk Line today posted a lower profit for the fourth quarter of 2013, but its full-year profit tripled, thanks to higher volumes and steep cost cuts, which offset lower freight rates.
27 Feb 2014
Container carriers and shippers of refrigerated cargoes, facing slower transit times and more distant markets, are looking to high-tech solutions from container manufacturers.
20 Feb 2014
Westwood Shipping has found new use for its fleet of four BulkCon ships. The carrier, which has specialized in transporting forest products since 1892, added refrigerated cargoes to the mix in the summer of 2013.
19 Feb 2014
Two U.S. security officers have been found dead on the Maersk Alabama, according to a statement by Seychelles police today, CNN reports.
19 Feb 2014
A depressing air of déjà vu enveloped the Hamburg shipping community when Greek container ship owner Danaos announced that it is taking a $19 million hit on the debt restructuring of Zim as it cuts the charter rates of six ships on hire to the Israeli ocean carrier.
18 Feb 2014
The Maersk Svendborg container ship lost a “significant number” of containers over board during “very rough” weather in the Bay of Biscay on Feb. 14, according to Maersk Line.
18 Feb 2014
Major carriers aim to hike rates in a variety of trade lanes in March, although any increases achieved could be temporary.
10 Feb 2014
Major container lines hope to increase rates in multiple trade lanes in March, April and May, although any hikes achieved could be fleeting.
