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Wednesday, January 23, 2019

Ap Moller Maersk News

File Image: Stacked Reefer containers (Credit: Transicold)

Maersk Shutters China-based Container Factory

Danish shipping group A.P.

Image: Maersk Line

Maersk Enhances Asia-Europe Network

Six ships will be added to A.P. Moller - Maersk's new route network between Asia and Europe, the Danish conglomerate announced new changes to its services connecting Asia and Europe.Changes implemented in the second quarter of 2018 have improved the reliability of company’s schedules. However, port congestions and unfavorable weather conditions have resulted in delays.“We are now progressing on the improvements made earlier in 2018 to further enhance our schedule reliability across our Asia-Europe Network”…

Image: Maersk

Maersk Moves North-East England Coverage to Hull

A.P. Moller - Maersk, an integrated container logistics company, announced that it is moving its  North-East England coverage from Immingham to Hull.The existing connection between Immingham and continental Europe, will change to Hull, enabling better accessibility for local shippers and offering convenient connection with mainline services."Starting January 12th, 2019, the short sea service, operated by BG Freight and currently calling Immingham, will be moved to Hull Container Terminal in East Yorkshire…

File Image: a typical DP World facility (CREDIT: DP World)

Indian Court Refuses to Quash Antitrust Probe at Mumbai

An Indian court has declined to quash or stall an antitrust investigation into Dubai-based port operator DP World's alleged anti-competitive behaviour at the country's largest container port in Mumbai, three sources told Reuters on Wednesday.The Competition Commission of India (CCI) last month said it suspected antitrust violations by DP World and Denmark's A.P. Moller-Maersk at the terminals they operate at state-owned Jawaharlal Nehru Port Trust (JNPT).The CCI's probe followed a complaint by Singapore's PSA International Pte Ltd…

Søren Toft, Chief Operating Officer at A.P. Moller - Maersk. Photo: Maersk Line

Maersk to Cut Carbon Emissions to Zero by 2050

The world's largest container shipping company A.P. Moller -Maersk has pledged to cut net carbon emissions to zero by 2050.The Danish business conglomerate with activities in the transport, logistics and energy sectors said in a press note that to achieve this goal, carbon neutral vessels must be commercially viable by 2030, and an acceleration in new innovations and adaption of new technology is required.Climate is one of the most important issues in the world, and carrying around 80% of global trade, the shipping industry is vital to finding solutions.

India to Probe Alleged Antitrust Behavior by Maersk, DP World at Mumbai Port

India's antitrust regulator has ordered a probe into alleged anti-competitive practices by Denmark's A.P. Moller-Maersk and Dubai's DP World at the terminals they operate at the country's largest container port in Mumbai, five sources familiar with the matter told Reuters.The decision by the Competition Commission of India (CCI) to investigate follows a complaint by Singapore's PSA International Pte Ltd, which alleged that Maersk and DP World created entry barriers to hinder the…

Svitzer tugboat Hermod outside Maersk headquarter at Esplanaden in Copenhagen, Denmark. Photo: Maersk Line

Global Container Trade Lost Momentum in Q3: Maersk

Global container trade continued to lose momentum in Q3 2018, with growth down to around 2.7% compared to Q3 2017, said A.P. Moller - Maersk in its Q3 interim report.Year-to-date, global container trade has increased by 4.2% compared with the same period last year, a much slower pace of growth than the 5.8% recorded in 2017 Container trade remained fairly weak on the EastWest trades, growing by 1.9% in Q3.Growth was driven by European imports from Asia of 2.3%, refl ecting descent…

Image: Mediterranean Shipping Company

Five Container Shipping Gaints Form Digital Collaboration

Five container shipping companies - MSC, A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, and Ocean Network Express -  intend to create an association with the purpose of paving the way for digitalization, standardization and interoperability in the container shipping industry.IT executives from the shipping groups are currently discussing the creation of common information technology standards which shall be openly available and free of charge for all stakeholders of the wider container shipping industry.“It’s in the customers' and all stakeholders’ best interest…

Photo: Maersk

A.P. Moller - Maersk Grows Across the Business

In the third quarter of 2018, A.P. Moller - Maersk progresses in the strategic business transformation, reporting growth in both Ocean and non-Ocean with a total revenue increase of 31% to $10.1bn, 12% excluding Hamburg Süd. Growth in non-Ocean was at 15%, which now contributes 31% of total revenue. In addition, synergy effects were realized.“Well into our transformation, we are progressing with the integration of our business to better serve customers and unlock the full growth potential within Logistics & Services.

Maersk Chief Executive Soren Skou (CREDIT: Maersk)

Maersk Warns Trade War Will Impact Box Shipping

Top U.S. importers are stocking up on Chinese goods before new import tariffs take effect, shipping giant A.P. Moller-Maersk said on Wednesday, but warned a trade war would hit demand for container shipping in the coming years.Maersk's data indicated that imports into the United States from China had grown 5 to 10 percent year-on-year in the third quarter as companies such as Walmart and Home Depot built up inventories to avoid new import tariffs, Chief Executive Soren Skou said."The irony is that after (U.S.

Maersk Ousts Danske Bank Chairman after Scandal

Danske Bank's largest shareholder, the Maersk family, has ousted the lender's chairman after a money laundering scandal that has also forced out its chief executive.A.P. Moller Holding, which controls about 21 percent of the share capital in the bank, has nominated Karsten Dybvad, who currently heads the Confederation of Danish Industry, to replace Ole Andersen as chairman of Denmark's largest bank.The move is a rare example of Denmark's Maersk family, which controls shipping giant A.P. Moller-Maersk through A.P.

© Igor Groshev/AdobeStock

New Maritime Fuel Rules: Industry Frets About Cost, Strategy, Supply

There are studies and reports from classification societies, scientific organizations and governmental agencies assuring maritime industries that carbon-heavy fuel is peaking and will be replaced by 2050, if not by 2035, with zero carbon power alternatives. No question, they chorus, shipping can meet the IMO goals of a 50% reduction in 2008 levels of GHS by 2050.But as the hot breath of various deadlines bear down upon them, with the 2020 sulfur cap in the forefront, ship owners…

(File photo: Maersk Line)

Maersk Leases Singapore Oil Storage Ahead of IMO 2020

Maersk Oil Trading has leased oil storage space in Singapore, signalling a push by one of the world's biggest ship fuel buyers into the Asian bunkering hub ahead of changes to global fuel standards from 2020, trade sources said.Maersk Oil has taken storage at the Tankstore oil terminal in Singapore, a spokesman for parent A.P. Moller-Maersk told Reuters, without giving further details.The firm has leased 120,000 cubic meters of space for fuel oil for six months, said three trade sources with direct knowledge of the matter.

(Photo: Maersk)

Maersk Launches Startup Accelerator

AP Moller - Maersk has launched India-focused OceanPro, a 120-day accelerator program to give shipping and logistics startups an opportunity to partner with Maersk to bring innovative technology solutions to ease the global supply chain for customers and further accelerate global digital transformation.“We recognize the immense potential of India’s technology and digital talent and are looking to capitalize on these capabilities to help the logistics industry worldwide, to reinvent itself,” said Søren Skou, CEO, A.P.

Venta Maersk. Photo: The Maersk Group

Maersk Tests Russian Arctic Route

The Danish-flagged cargo ship Venta Maersk, owned by the world's biggest shipping group A.P. Moller-Maersk, has successfully passed through the Russian Arctic, in a trial voyage showing that melting sea ice could potentially open a new trade route from Europe to east Asia.Palle Laursen, the chief technical officer of A.P. Moller-Maersk saying that the cargo vessel has made the journey as a one-off trial. “The trial allowed us to gain exceptional operational experience, test vessel systems…

© Fokussiert / Adobe Stock

No Delays to Implementing 2020 Sulphur Cap -IMO Official

The International Maritime Organization (IMO) will not delay implementing a reduction in the amount of sulphur in marine fuel in 2020, an IMO official said on Tuesday."I can categorically say there will not be a delay," said Edmund Hughes, the head of air pollution and energy efficiency at the IMO, during the Asia Pacific Petroleum Conference (APPEC) in Singapore.IMO, the United Nations' shipping agency, will require that vessels start in 2020 using fuel oil with 0.5 percent sulphur…

(Photo: Eric Haun)

Maersk to Merge Damco, Ocean Product Units

A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world.The operator of Maersk Line, the world's largest container shipping company, kicked off a restructuring drive in 2016 that saw it sell its oil and gas business last year to focus on transport and logistics business.Maersk said its latest change would take effect on January 1…

(Photo: Eric Haun)

Maersk to Spend $2 Bln to Meet 2020 Sulphur Cap

Maersk Line said it will introduce a new Bunker Adjustment Factor (BAF) surcharge designed to recover costs of compliance with the global 0.5 percent sulphur cap set to enter into force on January 1, 2020. The Danish container carrier said it expects its extra fuel costs could exceed $2 billion.The BAF surcharge will be introduced on January 1, 2019, replacing Maersk Line's current Standard Bunker Adjustment Factor (SBF) surcharge. The new surcharge considers the average fuel…

© Bits and Splits/AdobeStock

Maritime Ports Pushed to Up Cyber Security

Resilience planning, Info Sharing Take Spotlight“Oh what a tangled web we weave, when first we practice to deceive.” That old chestnut gets turned on its head when it comes to port cyber security. It’s more like “Oh what a tangled web we’ve woven, so much harder to stop data stolen.”Ports today have the physical aspect of security pretty well nailed shut - gates, locks, fencing, alarms, cameras, drones, etc. As Chris Mason, Rajant Corp.’s director of sales for EMEA, notes, “Every…

(File photo: Maersk Line)

Maersk to Install Scrubbers on Select Vessels Ahead of 2020

A.P. Moller-Maersk, the world's biggest container shipping group, will add devices to reduce harmful exhaust emissions to some of its ships ahead of new global fuel regulations starting in 2020.To combat air pollution, the International Maritime Organization (IMO), the United Nations' shipping agency, has set global regulations to cap the sulphur content in marine fuels, known as bunkers, at 0.5 percent down from 3.5 percent now.Shipowners could meet the new regulations by installing sulphur-stripping exhaust cleaning systems…

Photo: Sea Machines

Sea Machines Moves to Larger, Waterfront Location in Germany

U.S. based Sea Machines announced that it has moved its team in Hamburg, Germany to a larger waterfront work space in the Hammerbrook area.The company said the move supports growing in interest in its autonomous controls and advanced perception technology in European markets ahead of an upcoming product release. The new location more than triples the space Sea Machines had previously and provides dockage for the company's test vessels. The space also accommodates the locally expanding team…

(Photo: Eric Haun)

Twill Realigns Under Maersk Brand

Digital freight forwarder Twill has switched its brand affiliation from Damco to Maersk. The realigning of the brand will make it possible to offer Twill to all Maersk customers, in line with the A.P. Moller – Maersk strategy to become a global integrator of container logistics offering end-to-end solutions.Launched in April 2017, Twill was created as a Damco innovation and operated as a partner with the freight forwarder and supply chain management company, which is part of A.P.

Logo: Maersk

Twill Replaces Damco with Maersk

Twill, a digital freight forwarder designed to make shipping simple, has announced a change in its brand affiliation from Damco to Maersk.Launched in April 2017, Twill was created as a ‘Damco innovation’ and operated as a partner with the freight forwarder and supply chain management company, which is part of A.P. Moller - Maersk.The realigning of the brand will make it possible to offer Twill to all Maersk customers, in line with the A.P. Moller - Maersk strategy to become a…

© diegograndi / Adobe Stock

Container Overbooking Causing Delays for Brazil Exports -Maersk

Brazilian exporters are facing delays shipping goods transported in containers, including coffee and cotton, due to overbooking, the world's largest container shipping company, A.P. Moller-Maersk A/S, said on Monday.In a report on its operations in Brazil, Maersk said exports fell for the second quarter in a row, citing the practice of some exporters reserving more space in ships than they need, leaving other companies failing to find room for their cargo."Exporters are hurting each other when they book space they end up not using…

Photo: Maersk Line

Maersk, Vopak to Launch 2020 Fuel Bunkering in Rotterdam

A.P. Moller - Maersk and Royal Vopak, an independent tank storage operator active in the heart of Rotterdam’s bunker environment, have agreed to this first joint initiative which will cater for circa 20% of Maersk global demand, enabling A.P. Moller - Maersk to deliver approximately 2.3mt per year.As an anchor tenant in the modified facilities this agreement will enable Maersk, as well as any other interested third parties, to supply vessels trading with and inside Europe with compliant fuel.

Photo: Maersk Drilling

Maersk to Pursue Separate Listing of Maersk Drilling

Danish shipping company A.P. Moller-Maersk has decided to pursue a demerger with its offshore drilling operation Maersk Drilling  via a separate listing of Maersk Drilling on Nasdaq Copenhagen in 2019.Maersk Drilling will become a stand-alone company next year as its parent company continues its exit from the oil and gas business.Having evaluated the different options available for Maersk Drilling, A.P. Moller – Maersk has concluded that listing Maersk Drilling as a standalone company presents the most optimal prospects for its shareholders…