Christian Wienberg

Business, Logistics

Maersk Lost More Than $700 Million From Russia in Quarter

Maersk Cargo is unloaded from a Maersk containership at the Port of Oakland. (Port of Oakland)

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

Maersk (Munshi Ahmed/Bloomberg News)

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

Maersk Left: Jim Snabe (Andreas Gebert/Bloomberg News); Right: Robert Maersk Uggla (Carsten Snejbjerg/Bloomberg News)

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

Maersk Targets Bigger, Faster Cuts in Carbon Emissions A Maersk Shipping container ship sails into Yangshan Deep Water Port in Shanghai, China. (Qilai Shen/Bloomberg)

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
Business, Logistics, Top 50

Maersk Overtaken as World’s No. 1 Shipping Line by MSC

Maersk Overtaken as World’s No. 1 Shipping Line by MSC A Maersk Line container ship is unloaded and refueled at the Port of LA. (Patrick T. Fallon/Bloomberg)

A.P. Moller-Maersk A/S is no longer the world’s largest container line. The Danish carrier has been overtaken by Mediterranean Shipping Co. in terms of capacity, according to data compiled by Alphaliner and published Jan . 5.

Christian Wienberg | Bloomberg News
January 5, 2022
Business, Technology, Fuel

Maersk Buys Stake in Electrofuel Startup in Race to Ditch Oil

Maersk Buys Stake in Electrofuel Startup in Race to Ditch Oil An A.P. Moeller-Maersk A/S container ship is berthed at the Pasir Panjang wharves at the Port of Singapore. (Munshi Ahmed/Bloomberg)

A.P. Moller-Maersk A/S is investing in a startup that develops electrofuels as part of a strategy to own technologies that can help it become carbon neutral.

Christian Wienberg | Bloomberg News
September 23, 2021
Business, Logistics

Maersk Is Heading for Biggest Profit in Danish History

Maersk ship Patrick T. Fallon/Bloomberg News

A.P. Moller-Maersk A/S is heading for a full-year profit that will match its combined results from the past nine years and make business history in its home country, Denmark.

Christian Wienberg | Bloomberg News
September 21, 2021
Business, Equipment, Fuel

Maersk Joins Buffett to Invest in Startup Promising Green Fuel

Maersk The Soro Enshi containership, operated by A.P. Moller-Maersk A/S. (Qilai Shen/Bloomberg News)

A.P. Moller-Maersk A/S has agreed to buy a minority stake in a green-fuel startup backed by Warren Buffett, as the world’s largest container line latches on to new technologies to decarbonize its fleet.

Christian Wienberg | Bloomberg News
September 8, 2021
Business, Technology, Equipment, Fuel, Logistics

Maersk’s Green Shipping Plan Runs Up Against Scarce Cooking Oil

Maersk Patrick T. Fallon/Bloomberg News

A.P. Moller Maersk A/S’s efforts to become carbon-neutral face an unusual hurdle: There isn’t enough used cooking oil to make the biofuel that powers the vessels.

Christian Wienberg | Bloomberg News
August 9, 2021
Business, Logistics

Maersk Ratchets Up Profit Guidance After Freight Rates Soar

Maersk Chris Ratcliffe/Bloomberg News

A.P. Moller-Maersk A/S, the world’s largest container line, raised its guidance for profit this year after freight rates soared as lockdowns led to a surge in spending on shipped goods.

Christian Wienberg | Bloomberg News
August 3, 2021