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.
Thursday December 3, 2020
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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.
Webcasts
Dec 3, 2020 4:00PM EST
Dec 10, 2020 2:00PM EST
Press Releases
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.
28 May 2020
The addition of DP World to Maersk and IBM’s blockchain platform TradeLens is a feather in the cap of the still nascent container logistics network, bringing a string of more than 80 terminals and associated business into the fold.
27 May 2020
A wave of government support measures and the rising threat of overcapacity speaks to the pain on the way, even if carriers have shown they’ve learned from the 2008-2009 global financial crisis not to pull punches when it takes to cutting capacity quickly.
20 May 2020
Digitally-oriented freight broker Loadsmart, backed in part by Maersk’s venture fund, has begun offering a product that stitches together drayage, transload, and truckload operations.
03 Apr 2020
Maersk’s ability to gain greater control of shipments as they move through the supply chain is key to the largest container line transforming itself into a provider of integrated end-to-end logistics.
02 Apr 2020
As consumer demand in the US plummets due to the coronavirus disease 2019 (COVID-19), trans-Pacific carriers are suspending entire strings in addition to blanking additional sailings from Asia in the second quarter.
05 Mar 2020
Dynamic ocean freight pricing — often conflated with instant quoting — can create some unintended consequences that rebound on the intermediaries upon which shippers rely.
03 Mar 2020
New offerings released this week by Evergreen and Kontainers underscore the recent shift in how cargo transport is sold online and what’s available to book.
26 Feb 2020
The terms of a $5 billion credit line obtained by Maersk as it reinvents itself as a logistics integrator will become more favorable as the ocean carrier progresses towards its carbon-neutrality goal.
20 Feb 2020
Due to reduced demand tied to the coronavirus, Maersk said it has cancelled more than 50 sailings beyond what it normally cuts during the traditional Chinese Lunar New Year lull.
19 Feb 2020
Maersk is more than doubling its warehousing and distribution assets in North America through an acquisition that serves as another signal of its commitment to transition from container line to integrator.
12 Feb 2020
A cooperation agreement between the 2M Alliance and SM Lines that begins April 1 will increase the alliance’s presence in the Pacific Northwest.
05 Feb 2020
Maersk will blank six sailings this month due to the coronavirus, and said while the backlog of barge operations from Wuhan was easing, it was working with reefer shippers to mitigate port plug-in power capabilities.
23 Jan 2020
A strike by French dockworkers this week is causing severe disruption to carrier schedules as port calls to Le Havre and Marseilles-Fos are cut.
03 Jan 2020
Recent quotes by carriers on their surcharges for more expensive low-sulfur fuel oil are confusing shippers and causing suspicion carriers are attempting to make unreasonable profits from the global LSFO mandate that took effect Wednesday.
26 Dec 2019
Shippers and non-vessel-operating carriers are now seeing electronic quotes on par with those offered through long-term contracts, a clear signal that certain container lines see instant quoting as a key part of their future strategies.
18 Dec 2019
Cargo no-shows are down 75 percent on freight booked via the Maersk Spot guaranteed online booking platform, according to the container carrier.
11 Dec 2019
Carriers have struggled to lift spot rates on the Asia-Europe trade, and the wide variations in low-sulfur surcharge levels have an analyst asking questions.
11 Dec 2019
Chicago-based startup Transship is teaming with TradeLens and other tech companies to create an automated shipping and forwarding platform for containerized perishables shipments.
06 Dec 2019
The world’s largest container line is headlong into a business transformation that’s highly visible, partly of its own doing and partly due to the increased scrutiny such a change by a market leader brings.
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