Ocean carriers have been looking at how to provide more export capacity to US ag shippers to head off scrutiny from regulators, but OSRA will now put those efforts under a hotter spotlight.
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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Press Releases
26 Apr 2022
Maersk has signaled that another exceptionally profitable year is on tap after the carrier dramatically upped its 2022 earnings forecast.
05 Apr 2022
Maersk and GCT New York have settled a lawsuit over the switch of three vessel services to APM Terminals that GCT alleged was a breach of contract.
22 Mar 2022
The Federal Maritime Commission is adding the availability of export capacity to its ongoing scrutiny of how ocean carriers are operating in the US.
15 Mar 2022
The Justice Department’s probe of the US supply chain comes amid increased pressure from the Biden administration to more closely monitor container line pricing activities in the wake of historic rate levels.
11 Mar 2022
Maersk is selling its stake in a publicly traded Russian ports operator whose market value has plunged in recent weeks owing to the war in Ukraine.
07 Mar 2022
CMA CGM has followed the industry trend of reporting extreme profitability for 2021, dramatically paring down debt while making several billion-dollar acquisitions.
16 Feb 2022
The Pilot Freight acquisition gives Maersk not just last-mile delivery capabilities, but the “middle-mile” backbone needed to speed freight to the final mile.
10 Feb 2022
Maersk introduced a new vessel service from Asia that will call on the US Gulf and East Coast and plans to provide its first direct service from Indonesia to the US.
10 Feb 2022
US resin exporters are finding a much tougher shipping market to start 2022 as export gateways deal with unreliable vessel schedules and tight capacity.
13 Jan 2022
Houston is seeing a surge in imports thanks to the upsizing of vessel services from Asia as other Gulf Coast ports look for a similar uplift.
10 Jan 2022
With no sign of relief in the high rate-low value container shipping environment, shippers on the major trades will be hoping the newfound prosperity being enjoyed by carriers results in a vast improvement in service levels.
07 Jan 2022
After 18 months of chaotic supply chains, cargo owners are searching for stability as they look ahead into 2022.
05 Jan 2022
Mediterranean Shipping Co. has edged out Maersk as the world’s largest containership company by capacity, according to Alphaliner, amid fleet growth and higher trans-Pacific volumes.
05 Jan 2022
Carriers and their customers began their 2021-22 service contract negotiations several months earlier than usual, seeking stability and predictability is an eastbound trans-Pacific trade roiled by supply chain disruptions.
28 Dec 2021
The port of New York–New Jersey is looking at how it can deal with five years of expected cargo growth that has hit the port through 2021, while other Northeast ports are expanding capacity to deal with larger ships.
03 Dec 2021
Liner carriers find themselves in the unusual position of having cash to both repay debt and invest in a range of ways, from new ships to technology to strategic acquisitions.
15 Nov 2021
Maersk’s joint venture with Durban-based forwarder and terminal operator Grindrod — along with other recent purchases and partnerships — could be the start of a splurge of similar deals as a cash-rich Maersk strengthens its global logistics footprint.
22 Oct 2021
International air freight and last-mile delivery saw the fastest revenue growth in the transportation sector last year, while industrial transportation suffered.
16 Sep 2021
Maersk issued its third upgrade of full-year 2021 results thanks to the continued strength of its ocean business and high freight rates.
15 Sep 2021
Maersk is acquiring a Portuguese company that specializes in outsourced e-commerce fulfillment services to the fashion industry as the ocean carrier moves deeper into integrated logistics services.
31 Aug 2021
Mediterranean Shipping Co. sat on top of the rankings for ocean carriers handling US imports while its 2M partner Maersk was top carrier on the export side.
24 Aug 2021
Maersk’s order of up to twelve 16,000-TEU methanol-powered ships raises the question of how other container lines will follow, as some carriers are betting on LNG to meet tightening emission restrictions and others are waiting to see how best to shift away from traditional bunker fuel.
13 Aug 2021
Maersk’s acquisition of Visible Supply Chain Management last week adds nine fulfillment centers to its distribution network, allowing it to reach 95 percent of the US direct-to-consumer market within 48 hours.
12 Aug 2021
Maersk has shifted its call at Jawaharlal Nehru Port Trust (JNPT) on the India/Middle East–Mediterranean ME2 service to the PSA-operated BMCT after increasing vessel capacity on the loop to an average of 10,000 TEU.
02 Aug 2021
Maersk upgraded revenue and profit expectations for the full-year 2021 as it sees a better-than-expected demand for trans-Pacific shipping.
27 Jul 2021
The reopening of the US and European economies after last year’s COVID-19 lockdowns spurred a resurgence in the trans-Atlantic container trade as business activity in two of the world’s largest economies showed better than expected growth in May, with increases concentrated at US ports that have undergone major expansions.
19 May 2021
Most of India’s cargo gateways reopened Tuesday morning, but carriers tell JOC.com it will take them at least until the end of the week to clear the backlog of vessels that built up over the weekend.
17 May 2021
Hapag-Lloyd has announced three ad-hoc sailings between the Indian Subcontinent and the US East Coast in May and June to feed a resurgent market for US imports from India, Bangladesh, and Sri Lanka.
26 Apr 2021
Maersk upgraded revenue and profit expectations for the first quarter and full-year 2021 as it sees a better-than-expected demand for trans-Pacific shipping.
15 Apr 2021
Maritime executives tell Congress the US needs to take a greater role in developing low-carbon shipping fuels.
09 Apr 2021
Maersk is furthering its ambitions to get closer to its shipper customers with a new fourth-party logistics aimed at large cargo owners that struggle to tie together data around demand, inventory, and cargo flow.
07 Apr 2021
Maersk is feeling pressure from customers and investors to decarbonize its operations, but the carrier says that pressure will bring the transparency needed to help accelerate its drive for carbon neutrality.
09 Mar 2021
Maersk’s small shipper offering Twill and logistics software provider Freightos are testing a new workflow that will for the first time redirect shippers from the Freightos rate marketplace to a service provider’s shipment management platform.
25 Feb 2021
With the deployment of LNG-powered ships in the trans-Pacific trade, CMA CGM is banking on North American shippers taking greater interest in the carbon output of their supply chains in the coming years.
24 Feb 2021
Container carriers that deployed extra loaders and those that provided express services in the resurgent Asia-US trade saw the largest volume gains in 2020
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