Maersk issued its third upgrade of full-year 2021 results thanks to the continued strength of its ocean business and high freight rates.
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
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
10 Feb 2021
Maersk expanded deeper into landside logistics during 2020, strongly boosting its non-ocean revenue during a highly profitable year.
05 Feb 2021
Momentum toward digital quoting and booking in ocean shipping is undeniable, but it remains to be seen whether shippers and forwarders will demand — and container lines are actually capable of delivering — truly dynamic pricing.
30 Nov 2020
The impact of the COVID-19 pandemic on demand in the United States and the Caribbean and Central America caused two-way trade between the regions to contract in the first nine months of 2020.
09 Nov 2020
Cloud computing is ubiquitous in the world of commerce, and that’s spread in recent years to container lines, which are using a migration to platforms like Microsoft Azure to develop products quickly and then scale them back without committing resources to a server infrastructure.
03 Nov 2020
Twill started as Maersk’s play in the neutral digital forwarding space, but it has shifted its focus to funnel small shipper volumes into Maersk’s logistics and vessel operations network.
02 Nov 2020
Maersk’s integrator strategy is not affecting the carrier’s forwarder customers in a universal way, since the various elements of the transformation impact different sized intermediaries in varying ways.
15 Oct 2020
TradeLens said Thursday that Maersk’s liner competitors MSC and CMA CGM are both “fully integrated” into the platform, which could make it more appealing for cargo owners and 3PLs to use the blockchain-based solution.
02 Sep 2020
Uptake in digital quoting tools at top container lines suggests every carrier will need that capability even if the usage and benefits of such tools aren’t yet clearly defined.
25 Aug 2020
Only eight of the JOC Top 40 Container Carriers by US Imports managed to increase volumes in the first five months of the year, none of which belong to one of the three major vessel-sharing alliances.
20 Aug 2020
A chassis dispute between trucking executives and ocean carriers has reached an impasse, spurring American Trucking Associations to seek a resolution from the US Federal Maritime Commission.
19 Aug 2020
Growth of Maersk Spot indicates the industry is past the point of no return on adoption of instant quoting tools, with container lines not having this capability lagging behind.
14 Aug 2020
Technology has the potential to solve long-running financing tensions between suppliers and importers, and logistics networks and service providers are likely to be the focal point for these solutions.
11 Aug 2020
Maersk’s recent entry into the TMS space highlights the range of players targeting different segments of a fragmented shipper market that’s gravitating toward web-based tools.
03 Aug 2020
Aggressive capacity management in response to the effects of the COVID-19 crisis and escalating tariffs has helped the top 10 container carriers operating in the Europe–US trade increase their share of the market so far in 2020.
28 Jul 2020
Maersk’s march toward providing supply chain management services and tools for shippers continues with the addition of a control tower software suite aimed at small and mid-sized shippers.
22 Jul 2020
Maersk will penalize shippers that make manual booking and documentation amendments starting Sept. 1; fees can be avoided if the changes are made on its website or through electronic platforms.
10 Jul 2020
Cosco Shipping's partnership with Alibaba and the group’s finance arm Ant Financial, which will primarily focus on using blockchain to track containerized goods globally, fits into China’s larger goal of creating a digital silk road threading through its Belt and Road initiative.
24 Jun 2020
Mexican businesses and their US and Canadian partners are focused on rebuilding supply chains shattered by COVID-19 and the recession, but they shouldn’t forget USMCA.
17 Jun 2020
Maersk said it expected the slightly milder volume decline would result in Q2 operating earnings “slightly above” its first-quarter 2020 results and better than its second-quarter 2019 performance.
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