Maersk Overtaken as World’s No. 1 Shipping Line by MSC
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.
Maersk Heads for Record Profits, Gives $80 Million to Employees
A.P. Moller-Maersk A/S is giving $1,000 to each of its roughly 80,000 employees as the world’s largest shipping company heads for record profits this year.
Maersk Buys Stake in Electrofuel Startup in Race to Ditch Oil
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.
Maersk Is Heading for Biggest Profit in Danish History
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.
Maersk Joins Buffett to Invest in Startup Promising Green Fuel
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.
Maersk’s Green Shipping Plan Runs Up Against Scarce Cooking Oil
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.
Maersk Ratchets Up Profit Guidance After Freight Rates Soar
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.
DSV to Buy Agility’s Logistics Unit for $4.1 Billion
DSV Panalpina A/S agreed to buy Agility Public Warehousing Co.’s Global Integrated Logistics business for $4.1 billion, extending its reach in the air and sea transport industry.
Maersk Can’t Find Enough Women to Pursue Top Jobs
The chairman of A.P. Moller-Maersk A/S, Jim Hagemann Snabe, said it is proving difficult to get enough women to apply for top management jobs at the world’s biggest container-shipping company.
Maersk Says Record Shipping Rates Unlikely to Have Peaked Yet
A.P. Moller-Maersk A/S, the world’s largest container carrier, is working at full capacity and can’t yet see a peak in freight rates that have already been propelled to record highs by pandemic consumer spending.