Search results for: Maersk Line

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  • 29 October 2015
    Business & Finance

    Danish container shipping giant Maersk Line has not decided yet whether it would order additional eight 14,000 TEU containerships at Hyundai Heavy Industries (HHI), Maersk Line Spokesperson told World Maritime News responding to media reports on the exercise of the option. Namely, Maersk Line signed a USD 1.1 billion new building contract with HHI in July for nine vessels […]

  • 3 October 2016
    Business & Finance

    Danish shipping company Maersk Line has entered into a two-year agreement with BigOceanData for its vessel tracking services.   BigOceanData is initially being used to track Maersk Line’s fleet, a total of approximately 630 owned and chartered vessels, using fused satellite and terrestrial data feeds to deliver a service capable of providing consistent position reports. […]

  • 23 October 2015
    Business & Finance

    The container shipping industry needs better freight rates so as to be able to recover, CEO of Maersk Group Nils S. Andersen said today commenting on the release of the group’s interim results for the third quarter of 2015 and changing of outlook for business results amid weaker market. Particularly, as indicated by the group, the container […]

  • 27 October 2017
    Business & Finance

    Danish shipping company Maersk Line has been named ‘Container Operator of the Year’ at the annual Lloyd’s List Asia awards in Singapore. Maersk Line received the award for continuous network advancements, market leading digital solutions and trade finance, which allows customers to expand their business and reach new markets. “I am very honoured to accept […]

  • 27 February 2015
    Business & Finance

    Danish liner giant Maersk Line seems to be ready to add more capacity to its fleet, after four years of no new orders. The order under consideration could reach up to 11 Triple E containerships worth approximately USD 1.8 billion. “We need to grow with the market and increase our capacity by 425,000 containers from 2017 […]

  • 29 October 2015
    Business & Finance

    Danish container shipping giant Maersk Line has not decided yet whether it would order additional eight 14,000 TEU containerships at Hyundai Heavy Industries (HHI), Maersk Line Spokesperson told World Maritime News responding to media reports on the exercise of the option. Namely, Maersk Line signed a USD 1.1 billion new building contract with HHI in July for nine vessels […]

  • 26 March 2015
    Business & Finance

    Maersk Line signed a new building order today with COSCO Shipyard Co., Ltd in Zhoushan China for seven 3,600 TEU container vessels. The vessels will have a length of 200 m, width of 35.2m, and a 10m draft. COSCO Shipyard and Maersk Line said that they agreed to keep the price confidential.  The order is […]

  • 9 December 2012
    Business & Finance

    15 November marked a significant milestone in the history of Maersk Line in North China, as the carrier was the first ever to reach a throughput of one million TEU in the Port of Qingdao in a single year. The full-year estimate of Maersk Line’s throughput will be around 1.2 million TEU for 2012, which […]

  • 23 October 2015
    Business & Finance

    The container shipping industry needs better freight rates so as to be able to recover, CEO of Maersk Group Nils S. Andersen said today commenting on the release of the group’s interim results for the third quarter of 2015 and changing of outlook for business results amid weaker market. Particularly, as indicated by the group, the container […]

  • 11 February 2015
    Business & Finance

    Maersk Line has launched a new Middle East 5 (ME5) service to enhance direct connections between South India, Middle East and Western Mediterranean markets. This service will also improve the company’s  coverage of the Eastern Mediterranean market with faster transit times into Turkey, Egypt and Russia. The first vessel/voyage on ME5 service was the Maersk Idaho, phasing in on Colombo on January 9, […]

  • 20 October 2016
    Business & Finance

    Danish shipping giant Maersk Line has restored its services to and from Iran, after a five-year absence from this Middle East country.  The company said it offers nine mainline services with weekly departures on all major trade lanes to/from Jebel Ali, with a direct feeder to Bandar Abbas. For imports from Iran, there are three […]

  • 13 August 2015
    Business & Finance

    The 2M alliance between two of the world’s largest container carriers – Maersk Line and Mediterranean Shipping Company – is cancelling its so-called Condor service connecting Asia and Europe, effective mid-September. The Condor service, which has a nominal weekly capacity of 9,500 TEU, will cease operation on September 14, and it will be deployed as a […]

  • 25 October 2011
    Business & Finance

    Maersk Line wins award for ‘best integration of sustainability in company strategy’. At the 2011 Corporate Social Responsibility Awards, hosted by the Danish ‘CSR Foundation’, Maersk Line bagged the prestigious CSR Strategy Award 2011. The prize is sponsored by KPMG and recognizes Maersk Line for integrating sustainability and CSR into the overall company strategy and […]

  • 4 May 2016
    Business & Finance

    Danish shipping and offshore energy conglomerate Maersk Group reported its profit at USD 224 million for the first quarter of 2016, a drop of 86 percent compared to USD 1.6 billion seen in the same period a year earlier. Maersk’s underlying profit was at USD 214 million for the quarter, against USD 1.3 billion in the first […]

  • 13 August 2015
    Business & Finance

    The 2M alliance between two of the world’s largest container carriers – Maersk Line and Mediterranean Shipping Company – is cancelling its so-called Condor service connecting Asia and Europe, effective mid-September. The Condor service, which has a nominal weekly capacity of 9,500 TEU, will cease operation on September 14, and it will be deployed as a […]

  • 16 March 2016
    Business & Finance

    Danish liner major Maersk Line plans to raise freight rates from Asia to Northern Europe by USD 400 per 20-foot equivalent unit (TEU) from April 1st, the company announced Tuesday. The rate increase will also be introduced on the Far East Asia to Mediterranean service worth USD 500 per TEU, excluding Japan and Syria. The increase […]

  • 20 March 2013
    Business & Finance

    Maersk Line’s 2012 Sustainability Progress Update shows strong progress on CO2 performance and container sustainability. Challenges remain on workplace safety. There is especially one result that stands out in Maersk Line’s 2012 Sustainability Progress Update: “Maersk Line’s energy efficiency improvements in 2012 have led to a remarkable achievement which we are very proud of – […]

  • 27 June 2016
    Business & Finance

    Danish container shipping giant Maersk Line is likely to make increased use of the Expanded Panama Canal and reroute one or more services with larger vessels to begin sailing through the new Panama Canal locks, according to the company. In 2016, Maersk Line is expecting to perform more than 400 vessel transits through the Canal whilst carrying […]

  • 28 September 2016
    Business & Finance

    Danish shipping giant Maersk Line’s new focus will be on “gaining market share organically” under the new strategic plan unveiled by the Maersk Group on September 22, while keeping its options open in regards to potential opportunistic acquisitions, according to Alphaliner. With the new focus on organic growth, most of Maersk’s desired market share gains will have to […]

  • 6 November 2014
    Business & Finance

    Maersk Line has paid the United States of America USD 8.7 million as the result of a civil settlement regarding Maersk’s failure to fully comply with certain terms of its contract with the United States Transportation Command (USTRANSCOM), according to the United States Attorney for the Southern District of Illinois, Stephen R. Wigginton. “One can clearly […]

  • 7 February 2017
    Business & Finance

    In an effort to attract major shipping companies, Iran said that it would impose no limitations for liners to revisit the country’s waters as a bilateral relation. The move follows the Danish shipping giant Maersk Line’s return to Iran on commercial grounds in the second half of 2016 after a five-year absence from this Middle Eastern […]

  • 8 July 2015
    Business & Finance

    Maersk Line, the world’s largest container shipping company, has signed a USD 1.1 billion contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the construction of nine container ships with a capacity of 14,000 TEU (twenty-foot equivalent) each.  The nine vessels will join Maersk Line’s fleet in 2017 and sail under Singaporean flag. This is the third […]