maersk

Business, Logistics, Top 50

Maersk Sees Global Shipping Markets Staying Tight Into 2022

Maersk Sees Global Shipping Markets Staying Tight Into 2022 A crane unloads a Maersk shipping container. (Chris Ratcliffe/Bloomberg)

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, 2021
Government, Business, Logistics

Maersk Diverts Ships From UK Ports Short on Truckers

Maersk 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

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, Fuel

Maersk Invests $1.4 Billion in Methanol-Powered Ships

Maersk ship 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.

Jack Wittels | Bloomberg News
August 24, 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
Government, Business, Fuel

Shipping Watchdog Urged to Speed Up Pace on Emission Curbs

Maersk truck 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.

Jack Wittels | Bloomberg News
June 21, 2021
Business, Logistics

Shipping Container Rates Top $10,000 From Asia to Europe

A containership sails out of the Yangshan Deepwater Port. (Qilai Shen/Bloomberg News) 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.

Brendan Murray | Bloomberg News
May 27, 2021

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