Maersk

Maersk lifts profit forecast as global container volumes grow

Shipping group A.P. Moller-Maersk on Thursday raised the lower end of its full-year core profit forecast, helped by increasing container volumes driven largely by shipments from China, despite lower freight…

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Maersk warns global container volumes could drop due to trade war

Shipping group Maersk said on Thursday container volumes plunged 30-40% between the U.S. in China in April as a trade war erupted between the world's top economies, and warned a…

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Maersk expects container demand growth to slow, raises investment forecast

Maersk expects global demand for container shipping to grow more slowly in the next few quarters as market risks persist while the group's capital expenditure is set to grow faster,…

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Maersk raises 2024 guidance on strong demand, Red Sea disruptions

Danish shipping group AP Moeller-Maersk raised its full-year profit guidance for the second time in a month on the back of strong container market demand and the crisis in the…

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Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%

Disruption to Red Sea container shipping is rising, Maersk said, forecasting this will cut the industry's capacity between Asia and Europe by up to 20% in the second quarter. Maersk…

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Maersk says winter weather, Red Sea disruption cause congestion

Adds quote, background, detail in paragraphs 6-10 OSLO, Jan 18 (Reuters) - Weather-related disruption at ports in northern Europe and the diversion of vessels away from the Red Sea are…

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Hapag-Lloyd, Maersk sign long-term collaboration deal

FRANKFURT, Jan 17 (Reuters) - Hapag-Lloyd and Maersk have signed an agreement for a new long-term collaboration starting February 2025 with a combined capacity of 3.4 million containers (TEU), the…

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Maersk to bypass Panama Canal amid drought

Jan 11 (Reuters) - A.P. Moller-Maersk .CO will use rail transport to avoid the drought-hit Panama Canal, the Danish shipping giant said late on Wednesday, as low water levels have…

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Maersk to send almost all ships via Suez, schedule shows

By Louise Rasmussen Denmark's Maersk will sail almost all container vessels travelling between Asia and Europe through the Suez Canal from now on while diverting only a handful around Africa,…

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UPDATED: Maersk, CMA CGM impose container surcharges over Red Sea diversions

OSLO/PARIS, Dec 22 (Reuters) - Maersk and CMA CGM, two of the world's largest shipping firms, will impose extra charges after deciding to re-route ships following attacks on vessels in…

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Maersk says its services in Israel are operational, stable

COPENHAGEN, Dec 11 (Reuters) - Danish shipping company Maersk said on Monday that its services in Israel were operational and stable, and that it was watching developments in the country…

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Maersk to invest more than $500 mln to boost South-East Asia supply chain

COPENHAGEN, Dec 4 (Reuters) - Danish shipping company Maersk on Monday said it will invest more than $500 million to expand its supply chain infrastructure in South-East Asia. Maersk intends…

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Maersk to cut 10,000 jobs, sees weaker profit as shipping demand wanes

Shipping group A.P. Moller-Maersk on Friday reported a steep drop in profit and revenue in the third-quarter, and said it would cut 10,000 jobs as it battles with lower freight…

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Maersk warns of slower demand for container shipping

By Jacob Gronholt-Pedersen COPENHAGEN, Aug 4 (Reuters) - Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by sea this year prompted…

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Maersk orders six methanol-powered container vessels

COPENHAGEN, June 26 (Reuters) - Shipping group A.P. Moller-Maersk MAERSKb.CO on Monday said it had ordered from China's Yangzijiang Shipbuilding Group six mid-size container vessels capable of running on green…

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Maersk expects recent drop in container demand to stabilize by mid-year

By Jacob Gronholt-Pedersen COPENHAGEN, May 4 (Reuters) - Shipping group Maersk on Thursday reported first-quarter earnings above expectations and maintained its 2023 profit guidance as it expects a recent drop…

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Maersk sells its logistics sites in Russia

COPENHAGEN, Feb 20 (Reuters) - Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday,…

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Maersk warns lower container volumes to hit 2023 profits

Sees 2023 underlying EBITDA of $8-11 billion Down from a record $36.8 billion in 2022 CEO concerned about new ships coming to market in H2'23 CEO see no signs of…

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UPDATED: Top container shippers Maersk, MSC to end alliance from 2025

By Jacob Gronholt-Pedersen COPENHAGEN, Jan 25 (Reuters) - Denmark's Maersk and Swiss-based MSC, the world's largest container shipping companies, said on Wednesday they had agreed to end a vessel sharing alliance in January…

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Maersk sees demand for container shipping slowing

OSLO, Nov 2 (Reuters) - Shipping group Maersk reported third-quarter earnings above expectations on Wednesday but lowered its outlook for the growth of global container demand this year amid concerns…

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Maersk orders six more vessels fuelled by carbon neutral methanol

OSLO, Oct 5 (Reuters) - Container shipping firm A.P. Moller-Maersk MAERSKb.CO said on Wednesday it has ordered six additional vessels able to run on carbon neutral methanol, taking its order…

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Maersk sees weaker demand for shipping containers this year

COPENHAGEN, Aug 3 (Reuters) - Shipping group Maersk said it expects weaker 2022 global container demand growth on Wednesday, after moving fewer containers by sea in the second quarter due to worsening…

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Maersk in talks with buyers for stake as quits Russia

COPENHAGEN, May 4 (Reuters) - Maersk has found possible buyers for its stake in Global Ports Investments GLPRq.L, which operates ports in Russia as it withdraws from the country following a final cargo…

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Maersk says China lockdowns may worsen container congestion

COPENHAGEN, May 4 (Reuters) - Bottlenecks in global container shipping could worsen later this year as a result of new COVID-19 lockdown measures in China, shipping group Maersk warned on Wednesday. Maersk, often…

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Maersk curbs Belarus cargo delveries due to Ukraine sanctions

OSLO, March 4 (Reuters) - Shipping and logistics group Maersk will sharply curtail its transport of goods to Belarus to comply with sanctions over Russia's invasion of Ukraine, it said on Friday. "Going…

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Shipping delays may spoil food, medical shipments to Russia, Maersk warns

COPENHAGEN, March 2 (Reuters) - Shipments of foodstuff and medical supplies to Russia risk being damaged or spoiled due to significant delays at ports and customs, shipping group Maersk told its customers…

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Russia imposes flight bans on airlines from 36 countries, Maersk considers suspending all shipments to Russia

MOSCOW, Feb 28 (Reuters) - Russia on Monday barred airlines from 36 countries including Britain, Germany, Spain, Italy and Canada from using Russian airspace in a retaliatory move after sweeping sanctions targeting…

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Maersk expects supply chain chaos to continue in 2022

COPENHAGEN, Feb 9 (Reuters) - Shipping group Maersk on Wednesday said it expects 2022 earnings will reach the same level as last year, as the chaos that has weighed on…

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Maersk speeds up decarbonisation target by a decade

Container shipping giant A.P. Moller-Maersk now plans to achieve net zero emissions in its business by 2040, a decade earlier than previously announced, on the back of rising customer demand…

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MSC overtakes Maersk as the world’s biggest shipper

COPENHAGEN, Jan 6 (Reuters) - Swiss-based container group MSC has overtaken Denmark's Maersk as the world's biggest shipper, the company said, confirming data from intelligence provider Alphaliner. After taking delivery…

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Maersk shipping boss: ‘Christmas will be safe’ from shortages

Christmas trading will be safe from supply chain problems, the boss of shipping firm Maersk has told the BBC - adding, "at least that's what I'm hearing from our customers".The…

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Maersk Diverts Ships From U.K. Ports Short on Truckers

Supermarkets are searching for alternative ways to bring food into Britain as ships are diverted from the UK’s main port due to congestion. The British Retail Consortium (BRC) said “further…

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Maersk signs first green methanol deal in step towards dropping fossil fuels

A.P. Moller-Maersk said it had signed a contract securing green methanol as the world's largest shipping firm gears up to operate its first carbon-neutral ship in 2023. With about 90%…

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Shipping group Maersk continues shopping spree after strong earnings

Maersk announced it had bought two e-commerce companies on Friday and said more acquisitions were coming soon as the world's biggest container shipping line boosts its bet on land-based services.…

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Maersk says strong Q1 driven by high demand, bottlenecks

Maersk said on Wednesday it expects an "exceptionally strong" performance in the first quarter to continue for the rest of the year, driven by high demand for shipping containers from…

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Maersk plans world’s first carbon-neutral container ship in 2023

Shipping group Maersk said on Wednesday it will accelerate plans to decarbonise sea-borne container shipping by putting the world's first carbon-neutral vessel into operation in 2023, seven years ahead of…

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Maersk says European lockdowns have not dented demand for shipping

High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe, boosted by demand for furniture, exercise equipment and home improvement goods, shipping…

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Maersk confident as looks to U.S.-led shipping recovery

Shipping group Maersk said on Wednesday positive momentum in global trade allowed it to look confidently beyond 2020 and it would initiate a share buy-back programme of around $1.6 billion.…

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Maersk sees container demand at pre-COVID levels in first-half of 2021

Shipping group Maersk issued full-year earnings guidance above its forecast at the beginning of the year and said it expects demand for moving containers at sea to return to pre-COVID…

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Danish shipper Maersk to stop taking waste to China, Hong Kong from September

Denmark's A.P. Moller-Maersk , the world's top container shipping firm, said on Wednesday it would stop accepting solid waste shipments bound for China and Hong Kong from September. "We sent…

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Maersk heads zero-carbon drive in shipping sector with $60 million research center

The world's largest container shipper, A.P. Moller-Maersk, will team up with industry majors to set up a research center in Denmark with the aim of reducing carbon emissions in the…

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Maersk sees drop in global container demand this year

Shipping group A.P. Moller-Maersk on Wednesday warned of a sharp drop in global container volumes due to the coronavirus pandemic, sending its shares down sharply. The coronavirus epidemic has thrown…

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A.P. Moller – Maersk announces new Executive Board to accelerate strategy execution

A.P. Moller - Maersk takes the next steps towards a more integrated company and changes the structure of its Executive Board by appointing Vincent Clerc as CEO of Ocean and…

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Maersk to lay off staff as part of cost cutting

Danish shipping group Maersk said on Thursday it would lay off staff at its main offices in Denmark and in other countries. The company said it did not know yet…

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The Times of Malta Headlines – Tuesday 14th May 2019

The Times carries a story about shipping giant Maersk transferring operations from Malta to North Africa. The paper says the Freeport is experiencing a major slowdown after losing one of…

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