A.P. Moller-Maersk A/S expects shipping markets to remain tight at least into the first quarter with global container demand set to grow faster than previously expected.
November 2, 2021maersk
Business, Logistics, Top 50
A crane unloads a Maersk shipping container. (Chris Ratcliffe/Bloomberg)
Maersk Sees Global Shipping Markets Staying Tight Into 2022
A crane unloads a Maersk shipping container. (Chris Ratcliffe/Bloomberg)
Government, Business, Logistics
Maersk containers on a ship. (Freya Ingrid Morales/Bloomberg News)
Maersk Diverts Ships From UK Ports Short on Truckers
Maersk containers on a ship. (Freya Ingrid Morales/Bloomberg News)
A.P. Moller-Maersk A/S said it had to divert some ships from the U.K.’s largest container port because of congestion tied to a trucker shortage that’s clogging the flow of cargo boxes into and out of the country.
October 12, 2021
Business, Technology, Fuel
An A.P. Moeller-Maersk A/S container ship is berthed at the Pasir Panjang wharves at the Port of Singapore. (Munshi Ahmed/Bloomberg)
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.
September 23, 2021
Business, Logistics
Patrick T. Fallon/Bloomberg News
Maersk Is Heading for Biggest Profit in Danish History
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.
September 21, 2021
Business, Equipment, Fuel
The Soro Enshi containership, operated by A.P. Moller-Maersk A/S. (Qilai Shen/Bloomberg News)
Maersk Joins Buffett to Invest in Startup Promising Green Fuel
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.
September 8, 2021
Business, Technology, Fuel
Freya Ingrid Morales/Bloomberg News
Maersk Invests $1.4 Billion in Methanol-Powered Ships
Freya Ingrid Morales/Bloomberg News
A.P. Moller-Maersk has ordered eight new vessels, each costing $175 million, that can be propelled by cleanly made methanol instead of an oil-based fuel.
August 24, 2021
Business, Technology, Equipment, Fuel, Logistics
Patrick T. Fallon/Bloomberg News
Maersk’s Green Shipping Plan Runs Up Against Scarce Cooking Oil
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.
August 9, 2021
Business, Logistics
Chris Ratcliffe/Bloomberg News
Maersk Ratchets Up Profit Guidance After Freight Rates Soar
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.
August 3, 2021
Government, Business, Fuel
Chris Ratcliffe/Bloomberg News
Shipping Watchdog Urged to Speed Up Pace on Emission Curbs
Chris Ratcliffe/Bloomberg News
Trafigura Group said the shipping industry’s regulator needs to act with “lightning speed” to cut carbon emissions from an industry that spews more C02 into the atmosphere each year than France and the U.K. combined.
June 21, 2021
Business, Logistics
Qilai Shen/Bloomberg News
Shipping Container Rates Top $10,000 From Asia to Europe
Qilai Shen/Bloomberg News
The cost to move goods in a shipping container to Europe from Asia shot above $10,000 for the first time on record, an index showed, underscoring the pain inflicted on exporters and importers struggling with stretched supply chains.
May 27, 2021