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Tag: Maersk Line

Maersk urges action to protect seafarers

The world’s largest container ship operator, Maersk Line has added its voice to the call for more action from the authorities following the high-level...

Massive rate rise on Pacific as lines “manipulate” capacity

Rate manipulation on the Pacific trades is being called out by shippers in the US as non-vessel operator and shipping consultant, Jon Monroe argues...

Shipping giants keep pushing up rates across the globe

Major shipping lines are continuing to increase rates in various regions, as part of their capacity management measures that have seen a squeeze on...

Challenging Asian market sees additional service cancellations

Maersk has decided to implement new blank sailings due to market demand reductions in Far East Asia, Indian Subcontinent and Pakistan caused by the...

Erratic rate discipline undermined the lines in 2011, can they hold their nerve in 2020?

A senior analyst believes that the crucial test for the carriers will come when the battle against the Covid-19 virus has turned in the...

European lines serve up more Q3 service cancellations

Maersk and Hapag-Lloyd have announced additional void sailings in the third quarter as the disruption caused by the Covid-19 crisis continues into the second...

Major carriers to boost July rates

The largest shipping lines have announced new changes in their rating policy across the world from 1 July. Maersk Line, MSC, CMA CGM and...

Demand plunge forces industry leaders to prolong service suspensions

German carrier Hapag-Lloyd and the 2M Alliance of Maersk and MSC have decided to prolong temporary suspensions of some of their services as demand...

Major lines continue to update schedules and surcharges

Hapag-Lloyd has published an additional void sailing due to the low demand caused by the Covid-19 downturn, with THE Alliance's transatlantic AL1 cancelling the...

Updated: Maersk to build methanol powered vessel

Maersk Line will build a container vessel powered on sustainable methanol as part of the proof of concept for the US$4.4 billion green fuels...
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Asia container exports to US surge in February

In February, container exports from 18 Asian countries and regions to the United States experienced a significant rebound compared to the previous year. According to...

Puerto Rico Ports Authority announces significant investment in terminal development

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ABS boss foresees implementation of global carbon tax on shipping

ABS Chairman and CEO Christopher J. Wiernicki conveyed the imminent implementation of a universal, global carbon tax on shipping, highlighting the emergence of alternative...

One Equity Partners takes over Acteon Group

One Equity Partners (OEP), a middle market private equity firm, has acquired Acteon Group, a global marine energy and infrastructure solutions company. The financial terms...