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Maersk Line

Maersk Line increases business while reducing CO2 footprint

 Maersk Line today published its Sustainability Progress Update for 2013, showing a 3.8 million tonnes CO2 reduction in a year where the business grew 4.1%. “2013 was a good year for Maersk Line – financially as well as in terms of our sustainability performance” says Søren Skou, CEO of Maersk Line. “Our fuel efficiency improvements helped cut CO2 as well as air pollutants like SOx and NOx. So even while our business grew, we were able to reduce our environmental impact in absolute terms.”    In 2013, Maersk Line took delivery of the first four of 20 Triple-E vessels. These vessels will set a new standard for energy efficiency. However, the main driver for the strong CO2 performance was the major overhaul of Maersk Line’s network.    One of the challenges outlined in the Sustainability Progress Update is the tightening regulation of sulphur emissions (SOx) that will require ships sailing in so-called Emission Control Areas to switch to cleaner and thus more expensive fuels from January 2015.    “Air emissions are a serious issue in shipping and we support the upcoming regulation. We are, however, concerned about the level of enforcement in Europe. The new regulation will be costly and without proper enforcement, some might be tempted to cut corners


Maersk, Horizon End TP1 Slot Charter Agreement

The slot charter agreement between Horizon Lines and Maersk Line on the Trans-Pacific 1 (TP1) service will cease in December 2010. This weekly service currently calls Yantian, Xiamen, Kaohsiuing, Los Angeles, Oakland, Honolulu and Guam. Horizon Lines operates five vessels in this service. Maersk Line has been utilizing the entire 1100 FFE capacity eastbound, and uses a small amount of space on the westbound rotation. Empty westbound Maersk Line containers are utilized by Horizon Lines for


Hamburg Süd, Maersk Line, and NYK Announce Joint Operations

Hamburg Süd, Maersk Line, and NYK announced that they have reached agreement to operate jointly in the trade between Asia, South Africa, and South America. From mid April, the linew will replace the current three strings (one operated by Maersk Line and two operated by Hamburg Süd and NYK) by two strings with modern and fast vessels. The overall capacity produced by the new two string system is roughly the same as the capacity presently provided by the three Lines


MAERSK LINE ZERO SOX PROGRAMME PROMPTS NEW FUEL SWITCH SOLUTION

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As part of Maersk Line's drive to cut sulphur emissions from its fleet towards zero, the shipping line continues to expand on its fuel-switch implementations. Today the programme is implemented in New Zealand. Switching from bunker to low-sulphur fuel in New Zealand reduces sulphur to the air by 80-95% in port. The reduction is in this case nine-fold. As a first in the industry, Maersk Line applies its fuel switch programme to a country


China Strikes Down P3 Network

A CMA CGM containership in China (Photo courtesy of CMA CGM)

The P3 Network will not be implemented following decision by the Ministry of Commerce (MOFCOM) in China Today, the Ministry of Commerce (MOFCOM) in China announced that they have not given their approval to the P3 Network. On March 24, 2014, the U.S. Federal Maritime Commission (FMC) decided to allow the P3 Network agreement to become effective in the U.S., and on June 3, 2014, the European Commission informed the P3 partners that it had decided not to open an antitrust investigation


P3 Network Not to be Implemented in China

Vincent Clerc, Chief Trade and Marketing Officer, Maersk Line.

The Chinese Ministry of Commerce (MOFCOM) yesterday announced that they have not approved the P3 Network (P3). P3 was a long-term operational vessel sharing agreement proposed by MSC, CMA CGM, and Maersk Line. The MOFCOM’s decision follows a review under China's merger control rules. The P3 partners take note of and respect MOFCOM’s decision. Subsequently, the partners have agreed to stop the preparatory work on the P3 Network and the P3 Network as initially planned will not


Maersk Line Optimizes Pacific Services

Exporters and importers on the Pacific trades stand to benefit from Maersk Line's review of its global shipping network, according to Maersk Line's Senior Vice President, Robert Kledal. The review of Maersk Line's Transpacific services (TP) will result in a number of improvements and the phasing out of two strings. The resulting network will provide optimum port coverage in the region, better connections to growing markets and efficient and cost effective transportation solutions to


Maersk Chooses DCT Gdansk

Maersk Line announced that with effect from December 1, it will switch its Polish operations from BCT in to the new deepwater container terminal DCT Gdansk. Maersk Line said: “After many years of good cooperation with BCT Gdynia, the time has come to explore new possibilities with DCT Gdansk, allowing Maersk Line to continue to offer its customers a reliable product while maintaining a high level of efficiency  and  cost  effectiveness. 


Carrier Transicold’s 700,000th Refer Unit

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Carrier Transicold’s Container Products Group recently achieved production of its 700,000th container refrigeration unit. Carrier Transicold is a part of Carrier Corp., a business unit of United Technologies Corp. (NYSE: UTX). Since shipping its first container refrigeration unit in 1968, Carrier has provided refrigeration units to nearly every shipping line, container-leasing company and major global produce shipper in the world.


Maersk Line Still the Leading Carrier on Reliability in Q2

Maersk Raises Outlook

  During the second quarter, the overall industry reliability has improved. However, Maersk Line is pleased to have improved their performance so that they can continue to lead the industry on reliability. The midyear review of Maersk Line by maritime analyst SeaIntel shows an upward trend for the business and a widening gap between industry players. An above-industry rating of 86.1% cements the liner’s lead


Asia–U.S. Container Lines to Introduce Freight Increase

TSA Containership: Photo Evergreen Line

The Transpacific Stabilization Agreement (TSA) informs that member container shipping lines are proposing an across-the board general rate increase (GRI) of at least US$600 per 40-foot container (FEU) to all destinations, effective September 1


Panama Canal Updates Maersk on Expansion

Photo courtesy of ACP

Within the framework of the centennial celebration, the Panama Canal Administrator Jorge L. Quijano received a Maersk Line delegation led by Søren Skou, CEO of Maersk Liner Business, to provide an update on the Expansion Program and discuss the future trends in the maritime industry.


Maersk to Raise Freight Rates from Asia to Europe

Photo: Maersk

The world's biggest container shipping company Maersk Line, a unit of A.P. Moller-Maersk , said it plans to raise freight rates on routes from Asia to northern Europe by $400 per 20-foot container (TEU). The new rates will take effect from Sep


Nine Share in US$6-B DoD Contract Modifications

Container ship: Photo APL

The US Department of Defense informs that nine companies have each been awarded indefinite-delivery/indefinite-quantity fixed-price option-year two modifications for international ocean and intermodal distribution services (Universal Services Contract-7). They are:


Asia-Pacific Container Shipping Rate Hike on the Cards

Container ship: Photo APL

Container shipping companies were urged to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) with effect from Aug. 1, their organisation TSA said on Wednesday. Members of the TSA (Transpacific Stabilization Agreement) include 15 of the world's biggest container shipping


Asia-Europe Container Shipping Rate Falls 5.5%

Container ships bow: Photo courtesy of APL

Reportedly, shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 5.5 percent to $1,230 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Maersk Aims to Raise Aisia-Europe Freight Rates

Photo: Maersk

The world's biggest container shipping company Maersk Line, a unit of A.P. Moller-Maersk, said it planned to raise freight rates on routes from Asia to northern Europe by $450 per 20-foot container (TEU). The new rates will take effect from Aug. 1, the company told Reuters in an email on Friday


Container Shippers Join Forces for Safety

Photo courtesy of CMA CGM

The Container Ship Safety Forum (CSSF) has been launched as a global business-to-business network that aims to improve safety performance and management practices in the container shipping industry. Founding members CMA CGM Group, Costamare Shipping Company S.A., E.R. Schiffahrt GmbH & Cie


Asia-N.Europe Container Freight Rates Jump 21%

Photo: Maersk

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 21 percent to $1,455 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Selling the World's Priciest Ship...

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Online ship intelligence and information service VesselValue.com has launched a series highlighting the world's most expensive active vessels, and this week focuses on the costliest of all: QMAX liquefied natural gas (LNG) carrier Zarga, which prices in at a whopping $221.8 million.


Asia-Europe Container Rates Fall Almost 11 pct

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Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 10.7 percent to $1,198 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Drewry: Global Number of Container Ships Peaks

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The number of container ships transporting goods around the world has fallen in the first half of 2014 but the total capacity of the global fleet continues to increase, consulting firm Drewry Maritime Research said in a note on Monday. Drewry Maritime Research foresees a fall in the number of


Transpacific Container Shippers Aim for Rate Rise

Photo: Maersk

A container shipping organisation urged companies on Monday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU), corresponding to an increase of 14.2 percent from current levels, from Sept. 1. TSA (Transpacific Stabilization Agreement) said the planned increase follows


Maersk Raises Post-Q2 Financial Outlook

Danish shipping and oil group A.P. Moller-Maersk reported a second-quarter net profit above forecasts thanks to better profits in its container shipping business Maersk Line. Net profit rose to $2.25 billion, Maersk said on Tuesday, beating an average forecast of $2


Maersk Buying Back Shares, Earnings Up

Shares rise 5 pct after improved guidance, better quarter than expected. Maersk indicates more buybacks after first in its history. Efficiency, cost savings boost Maersk Line compared to rivals. Denmark's A.P. Moller-Maersk announced the first share buy-back in its 110-year history on Tuesday






 
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