Government, Business, Safety, Logistics, Global Freight

Maersk Sails South of Africa to Avoid Red Sea Conflict Area

Shipping giant A.P. Moller-Maersk A/S will redirect its vessels to sail south of Africa to avoid the Red Sea conflict area where Houthi militants have attacked several ships.

Christian Wienberg | Bloomberg News
December 19, 2023
Business, Logistics, Global Freight

Maersk Profits Slip in Q1, Forecasts Weak 2023

A.P. Moller-Maersk A/S, a bellwether for global trade, signaled weaker results for the rest of 2023 after reporting first-quarter operating profit that tumbled by more than half.

Christian Wienberg | Bloomberg News
May 4, 2023
Business, Logistics

Maersk Sells Last Major Energy Asset

A.P. Moller-Maersk A/S has finally found a buyer for its last major energy-division asset after putting it up for sale seven years ago, allowing it to complete a historic transformation into a pure transport operator.

Christian Wienberg | Bloomberg News
March 20, 2023
Business, Equipment, Global Freight

Maersk Sees Global Trade Contracting as Much as 2.5% in 2023

A.P. Moller-Maersk A/S said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.

Christian Wienberg | Bloomberg News
February 8, 2023
Business, Logistics, Global Freight

Maersk CEO Soren Skou Leaves, Will Be Replaced by Vincent Clerc

A.P. Moller-Maersk A/S CEO Soren Skou will step down and will be replaced by Vincent Clerc, the current head of the transport giant’s ocean and logistics business.

Christian Wienberg | Bloomberg News
December 12, 2022
Business, Technology, Equipment, Fuel, Logistics, Global Freight

Maersk Expands Green Fleet With $1 Billion Order for Vessels

A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, ordered six large containerships that can sail on green methanol as part of the transport giant’s plan to become carbon neutral.

Christian Wienberg | Bloomberg News
October 5, 2022
Business, Logistics

Maersk Lost More Than $700 Million From Russia in Quarter

A.P. Moller Maersk A/S lost more than $700 million in the first quarter from the war in Ukraine as it counts the cost of exiting Russia, according to the shipping giant.

Christian Wienberg | Bloomberg News
May 4, 2022
Business, Technology, Logistics

Maersk Sees Possible Contraction in Global Container Market

Disruptions in global trade flows are set to persist into the second part of the year, longer than previously expected, Danish transport giant A.P. Moller-Maersk A/S predicted.

Christian Wienberg | Bloomberg News
April 26, 2022
Business, Equipment, Logistics

Maersk Chairman to Leave Board as Family Member Takes Over

A.P. Moller-Maersk A/S’s chairman, Jim Hagemann Snabe, is leaving his position to pave the way for a Maersk family member to take over the job of overseeing the Danish shipping giant.

Christian Wienberg | Bloomberg News
February 15, 2022

Maersk Targets Bigger, Faster Cuts in Carbon Emissions

A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, is ramping up plans to eliminate carbon emissions after finding green alternatives to fuel its fleet of ships.

Christian Wienberg | Bloomberg News
January 12, 2022