The third-quarter earnings of Maersk and HMM, released Wednesday, send a warning to the container shipping industry of the challenge in recouping higher bunker fuel costs — a challenge that will only increase further when the global low-sulfur fuel rule takes effect.
Maersk Line Limited
01 Nov 2018
Starting Thursday, shippers will be able to complete their bookings and receive confirmation within seconds compared with previous waiting times of up to two hours, a delay that has created uncertainty and extra workload, as shippers followed up bookings with thousands of phone calls and emails.
24 Oct 2018
The carrier, which handles roughly 20 percent of India’s container trade, has ended its operations at Chennai, citing congestion and related productivity issues, and has, instead, added Ennore — just 15 miles away — to its weekly Chennai Express Service (CHX).
17 Oct 2018
Maersk's announcement is the latest action in its effort to reinvent itself as an integrated container transport and logistics provider.
09 Oct 2018
Conceptualized in India, the program complements Maersk’s global technological ecosystem and open innovation efforts.
26 Sep 2018
The ocean carrier found that existing rules regarding the stowage of dangerous goods cargoes, which create their own oxygen and can’t be extinguished using standard carbon dioxide-based on-board firefighting equipment, to be inadequate and has implemented new procedures across its fleet.
13 Sep 2018
The plan calls for targeting transshipment cargo at the east coast ports of Visakhapatnam, Chennai, Krishnapatnam, Kattupalli, and Ennore through expanded feeder networks.
06 Sep 2018
Electronic seals are considered tamper proof and, as such, the new process enhances supply chain security. In addition, as the process eliminates the need for physical, on-site inspection by customs officials, it can reduce shipper logistics costs.
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.
17 Aug 2018
“We are not pleased with our level of earnings,” Skou said in a conference call, but also noted that the ocean and logistics units are posting strong growth. “We have to do better in the second half than the first half to reach our [full year] guidance.”
16 Aug 2018
The world’s largest ocean carrier has reopened shipping connectivity to the Maldives with a direct, weekly feeder link between Colombo, Sri Lanka, and Male, which it believes will prove to be a boon for trade to/from South Asia.
07 Aug 2018
Maersk said it continues to encounter very high bunker prices, which have not been fully compensated for in freight rates.
02 Aug 2018
The out-of-gauge cargo — windmilll blades 103 feet long and weighing over 16 tons — was loaded on the Maersk Launceston, voyage 1809, operating as part of the Danish carrier’s Intra-Asia Chennai Express (CHX) Service.
05 Jul 2018
The Europe-based ocean carrier has created another specialized, end-to-end cold chain logistics operation, as it works vigorously to establish a stronger foothold in the emerging market economy.
27 Jun 2018
The world’s largest container carrier this week handled a factory-stuffed, export consignment of refrigerated and dry cargo via India’s eastern port of Haldia to various destinations.
20 Jun 2018
Maersk's APM Terminals unit believes the authorized economic operator designation will substantially enhance its freight-handling efficiency and decrease operating costs, among other benefits.
01 Jun 2018
Maersk officials said the ocean carrier views Nepal as a long-term trade partner, and that establishment of a full-fledged office is essential to improving supply chain efficiency and expanding its footprint in the market.
18 Apr 2018
The transportation giant this week inaugurated a new cold storage center within its container freight station site at Ponneri, on the outskirts of Chennai in South India.
04 Apr 2018
Maersk, which transports roughly 20 percent of India’s total container cargo, said India's strong trade uptrends came despite widespread supply chain disruptions caused by recent tax and other regulatory reforms in the country.
05 Mar 2018
Maersk Line said in a statement that the poor weather caused 70 to 73 containers to collapse or fall into the ocean at 8:15 p.m. on March 3.
28 Feb 2018
Tim Smith has relinquished his position as the Beijing-based chairman of Maersk China and chief representative of Maersk Group in north Asia and will take up his new role with APM Terminals on 1 March.
20 Feb 2018
One of the service's main beneficiaries will be AP Moller Terminal Pecém, which will now host its first-ever direct call to Asia, slashing transit times by more than 15 days and possibly opening up a new route to the Middle East (via transhipment in Singapore) for Brazilian fruit exporters.
20 Feb 2018
Maersk gave an update on its transformation strategy at its capital markets day in Copenhagen.
01 Feb 2018
Riding volume gains from new Maersk calls, APMT Pipavav increased its October–December quarter throughput by 8 percent from the prior three months and 3.5 percent from the corresponding period in 2016.
27 Dec 2017
This is the second time in nine months congestion has affected operations at Shanghai ports.
19 Dec 2017
It is unclear whether Maersk's strategy regarding forwarders is a temporary tactical move or part of a broader push.
19 Dec 2017
The carrier said it has already signed 100 clients, involving more than $80 million in credit, and is looking to finance another $200 million over the next year.
22 Jun 2017
Maersk Chief Commercial Officer Vincent Clerc on the importance of partnerships in solving problems and creating a better digital environment.