Business, Equipment, Logistics

Maersk, IBM Form New Blockchain Company for International Cargo

Tomohiro Ohsumi/Bloomberg News

IBM and A.P. Moeller-Maersk A/S have started a company that will use new technologies such as blockchain, a digital ledger best known for underpinning bitcoin, to track cargo movements and automate paperwork for shipping across international borders.

Jing Cao and Olga Kharif | Bloomberg News
January 16, 2018
Business, Equipment

A Caution From the World’s Biggest Shipping Line


The world’s largest container shipping line says international freight rates are reversing after climbing for most of this year, raising questions about the sustainability of the global trade recovery.

By Dhwani Pandya and Anirban Nag | Bloomberg News
December 11, 2017
Business, Logistics, TCA

AP Moller-Maersk Reports $1.5 Billion Loss in Third Quarter

kees torn/Flickr

Danish shipping and oil group AP Moller-Maersk reported a third-quarter net loss of $1.5 billion, the firm said Nov. 7, citing write-downs in its drilling division and costs from a cyberattack.

DPA | Hamburg, Germany
November 8, 2017
Business, Fuel

Maersk Stands to Get Another $7.5 Billion for Energy Divestments

Drilling rig Maersk Drilling

Now that its oil and gas unit has been sold, A.P. Moller-Maersk A/S is planning separate divestments for the three remaining bits of what used to be a combined energy division, with estimates valuing those businesses at $7.5 billion in total.

Christian Wienberg | Bloomberg News
August 21, 2017
Business, Logistics

Maersk Says June Cyberattack Will Cost It Up to $300 Million

Maersk ship Emma Maersk Line

A.P. Moller-Maersk A/S said a cyberattack that hit the owner of the world’s biggest container shipping company at the end of June will wipe as much as $300 million off profits in the third quarter.

Christian Wienberg | Bloomberg News
August 16, 2017
Business, Logistics

The World’s Shipping Companies Are Going Super-Sized

A Maersk Ship kees torn/Flickr

A massive consolidation is underway in the $500 billion global industry and the survivors now enjoy big economies of scale and increased demand, one year after excess capacity caused the sector’s worst-ever crisis - the bankruptcy of South Korea’s Hanjin Shipping Co.

Kyunghee Park | Bloomberg News
August 16, 2017

World’s Largest Container Line Hit By Global Cyber Attack

Maersk said its customers can’t use online booking tools and its internal systems are down. The attack is affecting multiple sites and units, which include a major port operator and an oil and gas producer.

Bloomberg News
June 28, 2017

Biggest Containership Ever to Call at a Florida Port Arrives at PortMiami

The Maersk Shanghai slipped into Government Cut before dawn June 14 and headed to its berth at PortMiami, becoming the largest containership to ever call at a Florida port.

Mimi Whitefield | Miami Herald
June 15, 2017
Business, Logistics

World's Biggest Container Line Scales Down Bond-Market Reliance

Tomohiro Ohsumi/Flickr

The world’s biggest container shipping company and Denmark’s largest issuer of corporate bonds may rely less on debt markets in the near future.

Christian Wienberg | Bloomberg News
May 15, 2017
Business, Logistics

Maersk Soars as CFO Says Liner Business `Definitely' Improving

Simon Dawson/Bloomberg News;

Shares in A.P. Moller-Maersk A/S soared as the company behind the world’s biggest container shipping liner pointed to an improvement in its transport business that it said wasn’t yet reflected in first-quarter results.

Christian Wienberg | Bloomberg News
May 11, 2017