Maersk has taken the next step in its pursuit to become a supply chain integrator akin to UPS or FedEx.
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.
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Press Releases
05 Sep 2018
The move represents modest good news for US importers scrambling for slots, amid a peak season surge in volume.
05 Sep 2018
The capacity cutback is another data point that provides pause for thought regarding the argument that a second-half demand/capacity balance would support a recent upswing in container shipping rates.
31 Aug 2018
Decades of truck-oriented Brasilia administrations and a bias against rail created a vulnerable trade transport system. The spring truckers’ strike exposed it, and months later trade logistics has yet to recover.
29 Aug 2018
The reduction in capacity, less than anticipated, provides a slight amount of relief to shippers scrambling to find capacity this peak season.
22 Aug 2018
Sailing withdrawal announcements on trades between Asia, North Europe, and the Mediterranean are beginning to flow in for the slow season, as ocean carriers implement actions to rebound from first-half losses. Left unresolved, however, is whether carriers will cut capacity like they did on the trans-Pacific during the US ocean peak season.
20 Aug 2018
Both freight intermediaries and ocean carriers are under pressure to avoid sitting on obsolete rate data, pressure that’s been placed on them by the rise of transparent freight pricing models.
20 Aug 2018
Maersk officials now believe that, with the majority of imports into Maldives coming from China and India — two of Maersk’s already established key markets — resumed operations there can better serve customers in the region.
13 Aug 2018
A LinkedIn discussion served as a microcosm for how shippers and the broader logistics industry are wrestling with a few key questions regarding blockchain. Are blockchain’s proponents inordinately and/or prematurely boosting the new technology — including its appropriateness and efficiency-enhancing capabilities?
09 Aug 2018
Maersk and IBM have fleshed out their designs for an industrywide blockchain solution – an open-source platform called TradeLens. There are a host of other blockchain initiatives in development, but as one stakeholder noted, they joined the Maresk-IBM venture based on Maersk’s history of innovation and IBM’s technological prowess, which gives the platform a “high probability of success.”
27 Jul 2018
Although trade tensions between the United States and the European Union and their impact have been muted so far in 2018, trade stakeholders know that could change dramatically and quickly.
16 Jul 2018
It’s now an unavoidable fact that the precautions traditionally taken to avoid container ship fires — such as ensuring that stowage plans comply with dangerous goods guidelines and carriers scan bills of lading for keywords indicating the possibility of misdeclared cargoes — are failing to adequately mitigate the risk to crews, cargoes, and ships.
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.
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