The horrific Maersk Honam fire that killed five of 27 crew members telegraphed to the shipping industry that it had not devoted enough attention to the problem of ship fires — which occur at an average of one every 60 days. Now, one carrier is hoping others follow in addressing the problem of the accurate declaration and proper stowing of goods, to improve ship safety once and for all.
Primary tabs
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 and Mediterranean Shipping Co. form 2M Alliance
In the wake of the rejection of the P3 Network, Maersk Line and Mediterranean Shipping Co. announced the 10-year 2M Alliance vessel-sharing agreement, dubbed "2M", on the Asia-Europe, trans-Pacific and trans-Atlantic trades.
Webcasts
Press Releases
13 Jul 2018
Port owner Hutchison Ports said it will continue to work to improve productivity levels at Felixstowe.
09 Jul 2018
Ocean carriers want to avoid being caught up in secondary sanctions that will be imposed by the United States on companies dealing with Iran.
02 Jul 2018
Two other Pipavav changes are likely to help speed cargo, terminal officials said.
29 Jun 2018
Maersk's annoucement that it has used the start-up software provider to build its new e-commerce interface makes two points that all stakeholders in container shipping should note.
25 Jun 2018
Ocean carriers have begun investing directly in start-ups, and in some cases deploying these solutions more broadly. Furthermore, as the tech sector worked through initial roadblocks, the market for sensor technology to track international freight has been steadily warming the last two years, as shippers seek more-accurate and real-time information.
22 Jun 2018
Several factors, including mega-ships deployed, North Asia congestion, rising bunker fuel prices, and the impact of Trump administration tariffs, are compromising schedule integrity in the trans-Pacific.
13 Jun 2018
In a strongly worded letter, Nik Delmeire, secretary general of the European Shippers Council (ESC), said container lines announced almost simultaneously that they would be applying a surcharge, which the ESC viewed as “tantamount to price signaling..."
11 Jun 2018
The increase in the price of bunker fuel, driven by crude oil’s 2017 to 2018 surge, is real. But beyond that ocean carriers face a tough sell with shippers regarding the inclusion of other surcharges, given spare capacity and a continued competitive market for shipper business.
06 Jun 2018
The new digital product, which commenced global operations in early 2017, is designed to offer instant pricing/booking, cost transparency/cargo tracking, simplified/centralized documentation, and proactive/round-the-clock customer services.
03 Jun 2018
Maersk’s first-quarter earnings conference call was not only a report card on the ocean carrier, as important as that is. It was also a summary of the major trends and factors affecting container shipping.
01 Jun 2018
Ocean carriers’ fixed costs rose in the first quarter, and surcharges ensued. However, the hikes occur even as the surplus capacity issue lingers, prompting debate regarding whether carriers can maintain the surcharges.
31 May 2018
Through 2018's first quarter, India's trade performance has substantially outpaced the global trade growth rate.
25 May 2018
With such a sharp increase in bunker fuel prices that dragged carriers into a loss-making first quarter, it is no surprise that Maersk and Mediterranean Shipping Co. will levy an emergency bunker surcharge from June 1.
23 May 2018
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.
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.
- Page 1
- ››
Maritime News
- Container Lines
- Ocean Alliance
- "K" Line
- 2M
- APL
- Atlantic Container Line
- China Cosco Shipping
- China Shipping Container Lines
- CKYHE Alliance
- CMA CGM
- COSCO
- Crowley
- Eimskip
- Evergreen Line
- FESCO
- G6 Alliance
- Hamburg Sud
- Hanjin Shipping
- Hapag-Lloyd
- Hyundai Merchant Marine
- International Shipholding
- IRISL
- Maersk Line
- Kawasaki Kisen Kaisha
- Maersk Line Limited
- Matson
- Mediterranean Shipping Co.
- Mitsui O.S.K. Lines
- NYK Line
- THE Alliance
- OOCL
- Orient Overseas Container Line
- Pacific International Lines
- Rickmers
- Seaboard Marine
- SeaLand
- Shipping Corp. of India
- Sinotrans
- Trailer Bridge
- U.S. Lines
- United Arab Shipping
- Wan Hai
- Yang Ming Line
- Zim Integrated Shipping Services
- Trade Lanes
- Short-Sea Shipping
- Maritime Piracy
- International Freight Shipping
- Ships & Shipbuilding
- Labor
