The growing popularity of “China-plus-one” sourcing strategies is working to India’s benefit, sending trade between the US and India to record highs as shippers seek to diversify their supply chains.
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
19 Sep 2022
The move to allow for transshipment cargo from Bangladesh via barge and short-sea container ships builds on a previous carve-out for cross-border trucking and rail services.
09 Sep 2022
Ocean carriers are trimming trans-Pacific vessel capacity amid weakening market fundamentals, but the traditional slowdown from China’s Golden Week is likely at play as well.
08 Sep 2022
Maersk has stopped accepting inland point intermodal freight for Fort Worth due to inland rail ramp congestion that has resulted in severe delays in the retrieval of import cargo.
23 Aug 2022
Mediterranean Shipping Co. will delay Asia departures for a week or more in September as port congestion and vessel bunching disrupts vessel arrivals in North America.
19 Aug 2022
Above-average volume growth has narrowed the gap between the 2M Alliance and the Ocean Alliance atop JOC.com’s rankings of the Top 40 Container Carriers by US Imports in 2022.
03 Aug 2022
Maersk’s strategy of aggressively expanding long-term contracts is paying off, and with many of the agreements covering multi-years, the carrier is set to reap the financial rewards far beyond 2022.
02 Aug 2022
A highly profitable second quarter and no sign of easing in congested container shipping markets has left Maersk on course for a significantly improved annual result.
18 Jul 2022
Yilport's Robert Yildirim tells JOC Executive Editor Mark Szakonyi the container shipping industry is well-poised to keep up profits through an expected slowdown in global container volumes in the fourth quarter and into next year.
21 Jun 2022
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.
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.
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