Canada's strong economic fundamentals, adequate transport infrastructure, large population close to key ports, and Comprehensive Economic and Trade Agreement implementation, among other factors, point to a strong trade performance in the immediate years ahead.
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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.
Webcasts
May 17, 2018 4:00PM EDT
Press Releases
17 May 2018
Amid what the company called challenging market conditions, Maersk’s CEO said the first-quarter performance was “unsatisfactory," but the report was not without its positives; the company underscored that it has implemented initiatives to improve profitability and reiterated its 2018 earnings guidance.
15 May 2018
Higher costs have weighed on results, slightly offsetting the positive impact of stronger volumes. Still, a key CEO offered an encouraging evaluation regarding the second half of 2018.
12 Apr 2018
Shippers tracking the Maersk-IBM blockchain project to see if it yields real benefits in helping them monitor cargo movement could soon get a glimpse of whether it does. But they can also expect trucking rate increases and no near-term resolution to the problem of getting truck capacity.
03 Apr 2018
Maersk India has substantially expanded its end-to-end cold chain service to and from India, which has enabled domestic reefer shippers to venture into new locales.
29 Mar 2018
After six years of losses, the container shipping industry ended 2017 with a profit of about $7 billion. Financial reports of the 13 carriers do show improvement but do not yet reflect a full recovery — a recovery that should continue in 2018, given the strengthening global economy, unless political issues intervene.
29 Mar 2018
The regional carrier's new service will offer fewer port calls — enabling it to build a larger buffer into its schedule.
27 Mar 2018
In theory, blockchain has the potential to enable global container carriers to create a universal, standardized, ledger system with many more efficient processes. The question is whether carriers who are fierce competitors and who do not trust each other can use a system in which trust is integral.
12 Mar 2018
Maersk Line will make alternative vessels available to European exporters after a fire crippled the Maersk Honam in the Arabian Sea.
09 Feb 2018
The rising price of bunker fuel, which jumped 25 percent in 2017, is eroding unit cost benefits and Maersk says that higher cost is being reflected in its new contracts.
09 Feb 2018
Maersk Line sailed to a half a billion profit in 2017, but earnings were dragged down by the cyber attack and rising unit costs.
16 Jan 2018
IBM and Maersk estimate the initiatives could save the industry billions of dollars.
11 Jan 2018
Maersk initially set up the program for its own needs and used it to, for example, monitor the temperature of each box and change it if it was too low or high, and also to track the maintenance needs.
06 Dec 2017
Maersk transports roughly 20 percent of India’s total containerized cargo.
06 Dec 2017
Latin America leads Maersk's trade lanes in terms of capacity following the completion of the Hamburg Süd takeover, but rising demand is making the routes even more competitive.
22 Nov 2017
The last Mundra call is expected to be on Jan. 8.
17 Nov 2017
Maersk Line has appointed the president of its Latin American and Caribbean operations to head its North American division.
16 Nov 2017
Maersk says it can provide trade finance faster and easier than banks.
07 Nov 2017
The move by MSC and CMA CGM to order 20 new 22,000 TEU ships between them will not be followed by Maersk Line that says it has enough capacity "for now."
07 Nov 2017
The $250 million to $300 million financial impact of Maersk's cyber breach was not enough to offset strong market fundamentals in the third quarter that drove up the freight rate and kept the carrier well in profit.
06 Nov 2017
Maersk is preparing to release its third quarter results that will reflect the heavy impact of a cyber attack that brought the carrier's container handling divisions to a standstill.
04 Oct 2017
The Goods and Services Tax (GST) rollout in July dampened growth in the first half.
26 Sep 2017
Port officials at Prince Rupert said terminal operator DP World is on schedule to restore dwell times and clearing terminal congestion.
25 Sep 2017
Brazilian regulators cleared the final hurdle for Maersk Line's $4.3 million acquisition of Hamburg Süd.
21 Sep 2017
Terminal operator DP World is nearing completion on a $200 million upgrade to its Fairview Container Terminal at Prince Rupert, but remaining construction to landside infrastructure has roiled port productivity.
13 Sep 2017
Two of the world’s largest shipping container operators now contribute information to the database, which has more than 1,000 users.
31 Aug 2017
The MESA service between the east coast South America and the Mediterranean operates weekly and will have northbound and southbound calls.
31 Aug 2017
This resource includes customer updates from logistics companies and transportation providers, and ways people can contribute to charitable organizations to help those affected by the storm and flooding.
31 Aug 2017
Maersk Line is ramping up its end-to-end cold chain service to and from India.
30 Aug 2017
Houston and several other Texas and Louisiana ports hope to restart operations by Labor Day.
23 Aug 2017
The service, which will run until February, began last week.
21 Aug 2017
Copenhagen-based Maersk has been seeking to reduce its exposure to the energy market.
18 Aug 2017
As of Aug. 16, Port Everglades has replaced Miami on the TA1/NEUATL1.
16 Aug 2017
After chasing market share during the rate wars of 2016, Maersk Line is now concentrating on maintaining profitability in the recovering market.
16 Aug 2017
Maersk Line had a good second quarter and expects this to continue, and not even a possible $300 million third quarter hit from the cyber attack will derail its full-year profit expectations.
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