Ever Given Grounding Causes Vessel Logjam In and Near the Suez Canal
Dozens of ships carrying everything from oil to consumer goods have been delayed by the grounding of a vessel in the Suez Canal, and companies may have to reroute cargoes around Africa if the blockage extends beyond 24 hours, shipping sources said.Efforts were underway on Wednesday to refloat the 400-meter, 224,000-tonne Ever Given, which got stranded on Tuesday morning after losing the ability to steer amid high winds and a dust storm.Shipping sources say the grounding has disrupted regular voyages through the Canal…
Hestbaek Takes the Helm at Hamburg Süd
Long-serving Hamburg Süd executive Poul Hestbaek will take the CEO reins from Dr. Arnt Vespermann, who will step down after more than 20 years at the German container shipping company.Hestbaek has been with Hamburg Süd since 2004 and is currently the company's CCO. The 59-year-old shipping-industry veteran has previously been responsible for the liner shipping company’s commercial business on several continents, including Latin America, Europe and Asia/Pacific.Vespermann joined…
Over 300 Companies Sign 'Neptune Declaration' to Ease Crew Change Crisis
Over 300 leading companies said on Tuesday they would work together to help hundreds of thousands of merchant sailors stuck on ships for many months due to COVID-19 in a crisis that risks creating more dangers at sea.About 90% of world trade is transported by sea, and coronavirus restrictions in many jurisdictions are affecting supply chains.In December the U.N. General Assembly urged all countries to designate seafarers and other maritime personnel as key workers. Nevertheless…
Lloyd’s Register Names Members of Its Decarbonization Panel
Classification society Lloyd’s Register (LR) announced the industry experts who have joined the advisory panel of its Maritime Decarbonization Hub, a dedicated center of excellence launched in October that aims to accelerate the safe, sustainable and cost-effective decarbonization of world shipping in support of delivering greenhouse gas reduction targets.The panel is made up of representatives from across the industry and includes Ole Graa Jakobsen, VP Head of Fleet Technology at AP Moller-Maersk…
Global Cargo Logjam Deepens
Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement of goods around the globe.A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows.That has stranded empty cargo containers in the wrong places, spawning bottlenecks that now stretch from factories to seaports.
Maersk Plans Distribution Center in Duisburg
Shipping and logistics giant A.P. Moller - Maersk and duisport are working together to build and operate a new sales and logistics center in Duisburg, Germany. The new hall is expected to be designed and completed in a short period of time. In total, Maersk will take over an area of over 100,000 square meters on Logport VI. The contract negotiation is currently in the final phase. The project will entail the creation of over 350 new jobs.A trimodal logistics facility of the Logport family…
Maersk Partners with Novo Nordisk on Cold Chain Logistics
Shipping giant A.P. Moller - Maersk announced Thursday it has signed a three-year cold chain logistics agreement with pharmaceutical company Novo Nordisk that covers transportation including ocean services and inland logistics.The global agreement will enter effect from April 2021."Transporting pharmaceuticals on a global level is a demanding task with various complexities that require flexible and resilient supply chains as well as digital and eco-friendly solutions. This achievement showcases the rapid transformation of A.P.
Thulin Tapped to Drive Svitzer's Americas Ops Growth
With increasing opportunities in the terminal towage sector of the Americas region, Svitzer pursues these opportunities. To support this growth in selected countries and ports, Svitzer appointed Rutger Thulin as its new Managing Director for the Terminal Towage Cluster in Americas, spanning Svitzer's operations in Canada, Peru, Costa Rica, Statia, and the Bahamas.Thulin has been with Svitzer for seven years, and for the past four years, he has been Managing Director for Svitzer Brazil. He previously worked for 14 years with A.P. Moller-Maersk Group.
Maersk Names Zero Carbon Shipping Center's Management Team
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping on Tuesday announced its management team. to join CEO Bo Cerup-Simonsen in building an organization capable of facilitating the transition to a carbon free global shipping industry.Made possible by a DKK 400 million ($63.5 million) donation by the A.P. Møller Foundation, the Center was formed in June by a group of global shipping entities committing themselves to decarbonizing the maritime industry. The Center, which recently revealed its Board of Directors and a location at the heart of the Danish Shipping cluster in Copenhagen…
Maersk to Lay Off 2,000 in Business Shake-up
The world's biggest container shipping line, Maersk, said on Tuesday demand was recovering faster than expected and lifted its earnings outlook, while also announcing plans to cut 2,000 jobs as it streamlines to cut costs.Maersk, which handles about one in five containers shipped worldwide, said that though cargo volumes were still down on last year they had picked up more than forecast after falling sharply at the height of the coronavirus pandemic a few months ago."A.P. Moller - Maersk is on track to deliver a strong Q3 with solid earnings growth across all our businesses…
V.Group Names Kofod-Olsen as CEO
Ship management and marine support services giant V.Group said on Wednesday it has appointed René Kofod-Olsen as the company’s chief executive officer, taking over from Graham Westgarth who will become chairman. Kofod-Olsen will join V. Group on November 1.Kofod-Olsen brings to the role almost three decades of global shipping industry experience. In 2012 he was appointed CEO of Topaz Energy & Marine, a position he held until the company’s successful divestment in 2019. Earlier in his career he worked for the A.P.
Containerships Sent to Tripoli to Maintain Lebanon Supply Lines
Leading container lines are diverting ships to Lebanon's smaller terminal of Tripoli after the devastating explosion at Beirut's port that killed 145 people also paralysed vital trade.Lebanon, which imports almost all it uses, relies on container ships to bring in everything from refrigerated food cargoes to clothing and other consumer goods.There is no firm date for Beirut port to re-open, and this is a strain on supply chains.Data from shipping intelligence platform MarineTraffic showed three container ships had arrived in Tripoli in the past 24 hours after being diverted from Beirut…
Maersk Says Q2 Demand Beat Expectations
Svitzer Names Kasper Friis Nilaus CEO
Towage operator Svitzer announced its Board of Directors has appointed Kasper Friis Nilaus, VP and current Managing Director (MD) of Svitzer Europe, to succeed Henriette Thygesen as global CEO of Svitzer A/S, effective June 15.Going forward, Nilaus will continue to report to Thygesen in her capacity as CEO of Maersk Fleet and Strategic Brands. Svitzer A/S remains a fully-owned AP Moller-Maersk company.Nilaus joined Svitzer as Business Development Manager in 2007 and has since held various global and regional positions within commercial and general management…
Maersk and Other Danish Firms Partner for Sustainable Fuels Project
A group of Danish transportation and energy companies including shipping giant A.P. Moller - Maersk have teamed up to develop an industrial-scale production facility to produce sustainable fuels for road, maritime and air transport in the Copenhagen area.Maersk is joined in the project by DFDS, Ørsted, Copenhagen Airports, SAS and DSV Panalpina, who have brought together the demand and supply side of sustainable fuels to develop a new hydrogen and e-fuel production facility as soon as 2023.
Maersk Profits Up 23%, Demand Slowdown Expected
Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand.The crisis has thrown the container shipping trade off balance as supply chains have been upended and businesses and factory activity in China and later across the world was disrupted.Maersk, which also reported a 23% rise in first-quarter core profits on Wednesday, now expects global container demand to contract this year…
Operators Warn of Congestion at Indian Ports
Singapore's PSA International and Indian container freight operators have warned the Indian government that its order to waive container storage charges during the coronavirus lockdown could lead to port congestion, letters seen by Reuters showed.India's Ministry of Shipping asked ports to allow free storage of containers as part of relief measures to ease pressure on companies hit by logistics restrictions because of India's nationwide lockdown.PSA's local unit in a letter to the government on April 24 said importers might not remove their containers from ports due to free storage…
Container Shipping Firms Brace for Coronavirus Hit
Leading container shipping firm A.P. Moller-Maersk scrapped its 2020 earnings forecast on Friday, while rival Hapag-Lloyd warned of slowing growth until at least June, as the coronavirus pandemic takes a heavy toll on global tradeThe container shipping industry, a bellwether for international trade, has been blown off course by the new virus, which brought parts of China to a standstill before spreading around the world, leading container lines to re-route cargoes and reduce calls to Chinese ports.Despite lower volume growth…
Maersk Suspends Crew Changes
The widespread coronavirus outbreak has led the world's largest container carrier to suspend crew changes aboard its entire fleet of operated vessels until April 14, a Maersk spokesperson confirmed to MarineLink.The full statement from A.P. Moller - Maersk is below:With the continued spread of the COVID-19 pandemic and the extraordinarily fast-paced closing of borders and cancellations of airline services, today (March 17, 2020) we have decided to suspend all crew changes for Maersk-operated container vessels effective immediately and for four weeks until April 14, 2020.
Maersk Launches Door-to-door Cargo Insurance
A.P. Moller - Maersk said it has teamed up with Zurich Insurance Plc (Zurich) to bring Maersk Cargo Insurance, a product to protect customers goods against physical loss or damage from the time they are first moved for loading until the completion of unloading at destination, from and to almost every country in the world. “In line with our vision to become the global integrated container logistics company, we aim to provide our customers with a variety of solutions related to their supply chain.
P&O Maritime Logistics Names Helweg CEO
Marine solutions and logistics company P&O Maritime Logistics (POML) said it has appointed Martin Helweg as its new Chief Executive Officer. He will report to Mike Bhaskaran, DP World’s Chief Operating Officer for Logistics and Technology.For the past three years, Helweg has been responsible for P&O Maritime Logistics’ global operations. Earlier, Martin spent over 15 years in marine service solutions working for Svitzer, an A.P. Moller-Maersk Company in regional CFO and CEO roles across the Americas…
Maersk to Raise HSFO Bunker Fuel Consumption to 25%
Danish shipping group A.P. Moller-Maersk plans to raise the proportion of high sulphur fuel oil it consumes from 10% to 25% by the year-end, CEO Soren Skou says.The world's largest container shipping firm consumed a total of around 11.80 million tonnes of shipping fuel last year.Maersk's current shipping fuel use comprises of around 10% ultra low sulphur (0.1%) fuel oil, 10% high sulphur fuel oil and the remaining 80% is low sulphur fuel oil. (Reporting Stine Jacobsen and Shadia Nasralla. Writing by Ahmad Ghaddar; editing by David Evans)
Coronavirus to Hit Earnings: Maersk
Global integrated container logistics company A.P. Moller - Maersk posted improved earnings and free cash flow for 2019, despite weaker market conditions and global container growth of only 1.4 percent.However, the Danish business conglomerate said that the coronavirus (COVID-19) would hit its earnings this year as the world's largest container shipping company warned of a "very weak" start to the year.The company expects an EBITDA of around USD 5.5bn, before restructuring and integration costs.
Global Container Demand to Grow by 1-3% in 2020
For 2020, global container demand is projected to grow by 1-3%, as per forecast by A.P. Moller - Maersk.The continued weak global sentiment above all in the manufacturing sector reduces the likelihood of a material growth pick-up in 2020, although sentiment brightened a bit at the end of 2019, and some improvement can be expected on the back of stabilizing inventory dynamics, said the shipping giant.Aside from the cyclical slowing of the global economy, substantial risk to global container demand comes from the effectiveness of fiscal and monetary policy in major economies…
Maersk to Buy U.S. Warehousing and Distribution Firm
Danish shipping group A.P. Moller-Maersk said on Wednesday it had agreed to buy U.S. warehousing and distribution firm Performance Team as part of plans to deliver more customized logistics solutions.Maersk said the the value of the deal is $545 million, including lease liabilities of around $225 million.The world's largest container shipping firm aims to boost its earnings from its inland logistics operations, or non-ocean business. In 2018, the ocean transport business accounted…
Maersk Names Jany CFO
A.P. Moller - Maersk has appointed Patrick Jany as its new chief financial officer, effective May 1, 2020.Jany, a German citizen, joins the world's largest shipping company as CFO and a member of the executive board after more than two decades with Swiss chemicals company Clariant, where he's been CFO since 2006. Prior to his role as CFO, he held several leadership positions within finance, general management and corporate development in Clariant in Germany, Mexico, Singapore, Indonesia and Spain.“I am pleased to welcome Patrick Jany to A.