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Sunday, September 23, 2018

Maersk News

Photo: Maersk Line

Maersk Line Establishes Commercial Office in Nepal

Maersk Line, the global containerized division of the Maersk Group, announced the commencement of its new commercial office in Kathmandu, Nepal from 1st of June this year.Maersk Line since its entry into the Nepal market over 20 years back has been providing shipping and logistical solutions through its strong network in India. However, with the rapid growth of trade in the region, Maersk Line sees an opportunity to serve its customers better by being closer to them.Maersk Line’s…

Photo courtesy of Maersk

Maersk Cuts 2018 Guidance, Eyes Market Recovery

Danish shipping company A.P. Moller-Maersk slashed its 2018 earnings forecast on Tuesday due to weak second-quarter freight rates and higher prices for bunker fuel, although the downgrade was smaller than feared, analysts said.The world's biggest container shipper also said spot freight rates have restored after a significant drop in the second quarter, and that its volumes are growing in line with the market.Following the unexpected announcement, Maersk's share price initially…

(Photo: Maersk)

Maersk, IBM Say 94 Organizations have Joined Blockchain Platform

Shipping group Maersk said on Thursday 94 companies and organizations have so far joined a blockchain platform developed with IBM aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.The industry has seen little innovation since the container was invented in the 1950s, and cross-border trade still leaves an enormous trail of paperwork and bureaucracy.Under its new strategy, which includes the creation of an industry-wide blockchain-based trading platform, Maersk aims to expand its transport and logistics business in areas such as freight forwarding an

(File photo: Maersk Line)

Maersk Line Pushes Restart in Maldives

Maersk Line announced it has restarted shipping operations to the Republic of Maldives on the heels of rapidly growing market and meeting customer needs.The world’s largest container shipping company introduced a weekly service between Colombo and Male in an initiative aiming to provide a strategic trade opportunity to countries in South Asia.“Maldives has a flourishing tourism market and offers an excellent opportunity for global trade. Interestingly, around 90 percent of Maldives trade is import driven and spearheaded by China, India and Sri Lanka.

(Photo: APM Terminals)

Mumbai Maersk Loads World Record 19,038 TEU

With 19,038 TEU loaded on board, the Mumbai Maersk has set a world record for the largest-ever containership cargo.The second-generation Triple-E containership left the dock of Malaysia’s Tanjung Pelepas Port over the past weekend and is now sailing into Europe. The ship is scheduled to make its first stop at Rotterdam on September 5.Mumbai Maersk, the newest to enter Maersk Line’s Triple-E fleet in May 2018, has a nominal capacity of 20,568 TEU and is deployed on the Asia-to-Europe service (AE5).The 19…

Peter Lytzen. Photo: Esvagt

Esvagt Appoints Peter Lytzen as CEO

Esvagt, the dedicated provider of safety and support at sea, has appointed Peter Lytzen as CEO with effect from 1 September 2018.Peter brings over 30 years’ experience and has held numerous senior positions in the offshore industry. Most recently, Peter was a member of the Executive Committee of Teekay Offshore and CEO of Teekay Petrojarl.Prior to this, Peter was Vice President of Maersk Drilling, responsible for their Floating Production activities, and Project Director at Maersk Oil for a number of projects in the North Sea.

Bill Dobie, Founder and CEO of SEDNA

SEDNA’s Powerful Teamwork and Transaction Tool

In shipping, the team with the best documentation always wins. Today, for many stakeholders, that increasingly means employing SEDNA’s E-mail software platform for myriad projects.Bill Dobie is Founder and CEO of SEDNA with over 20 years of experience in bringing technology and people together while creating opportunity for innovation and growth. His newest product, specifically designed for the shipping industries, is a cloud-based communication and transaction management platform…

(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…

Image: Solstad Farstad ASA

Solstad Farstad Bags Contract with Fairfield Industries

Solstad Farstad ASA (SOFF) has entered into a contract with Fairfield Industries Inc. for the CSV “Normand Tonjer”. The contract will commence in 3Q 2018 and has a duration of one year firm plus two yearly options.Fairfield will use the vessel to support their innovative worldwide ocean bottom seismic survey using node-based technology.Solstad Farstad has updated other contracts too. The key contracts in the subsea construction segment include Far Saga contract extension with Petrobras until 2Q’20…

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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…

CREDIT: EuroNav.jpg

The Digitalization of Tanker Logistics

The tanker business carefully dips its toes into the digital chartering, analytics and big (data) pond. It is a work in progress.Like every other business, raw materials, refined products and petrochemicals, are undergoing unprecedented waves of digitalization. However, shipping is one linkage, albeit an important one, within the much bigger supply chains for crude oil and products. But cargo is king, raising an important question: Will future efforts to link ship chartering, and ship brokerage…

(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: Maersk Drilling

Maersk Rig Contracted to Aker BP

Maersk Drilling and Aker BP have agreed to a new two-year contract to reactivate and quickly deploy jack-up rig Maersk Reacher in the Norwegian part of the North Sea.Maersk Reacher will be deployed as an accommodation rig, with the option of repurposing the rig for plugging & abandonment for the final phase of the contract. The rig is expected to commence operations in its new role by October, 2018.The flexible contract is agreed upon in continuation of the alliance between Maersk…

© 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…

(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…

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…

(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.

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…

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…

Hans Ottosen, CEO of Danelec Marine and Ronald Spithout, CEO of Inmarsat sign the agreement for Fleet Data at SMM 2018 (Photo: Danelec Marine)

Danelec Marine Aims to Accelerate IoT Revolution

The Internet of Things (IoT) Revolution is making inroads into the global shipping industry, and Danelec Marine plans to play a central role in accelerating that process by removing one of the major barriers to entry.“The critical element in any IoT system is the availability of timely, high-quality data through reliable low-cost connections from remotely located machines, equipment and systems,” explained Hans Ottosen, CEO of Danelec Marine. “That’s typically not a problem in land-based transportation modes, but is a tremendous hurdle for ships at sea.

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.

Morten Mosegaard Christensen. Photo: Maersk Tankers

Morten Mosegaard Christensen New CFO for Maersk Tankers

Maersk Tankers has appointed Morten Mosegaard Christensen as its new Chief Financial Officer (CFO).Christensen joins Maersk Tankers from Danske Bank where he serves as interim CFO and Chief of Staff. Previously, he has held leadership positions at Danske Bank, including Head of Group Finance and Head of Group Financial Management.He has long experience in finance in areas such as performance management, tax, cost control, accounting, business intelligence and capital management. He has also worked in strategy and business development at a senior management level.

File Image: Global Ship Lease

Global Ship Lease Bags New Time Charter with Maersk Line

Global Ship Lease announced a new time charter with Maersk Line for the 2004-built, 8,063 TEU containership OOCL Ningbo, which has been renamed GSL Ningbo, following her redelivery by OOCL on September 17, 2018.The containership charter owner said in a press release that the vessel will be chartered, commencing on or around September 21, 2018, for a period of between two and 12 months, with a subsequent option for an additional 12-month extension (at charterer’s option).During the first three months…

Image: APM Terminals

APM Terminals Gothenburg Performs Well

This year has seen record-breaking performance at APM Terminals Gothenburg and the return of major shippers and consignees to the terminal. Progress is set to continue as efficiency increases through automation, including self-service gates and Optical Character Recognition (OCR) for rail and truck gates due later this year.Over the last year, APM Terminals Gothenburg has implemented a number of concrete initiatives to improve the customer experience. These include maintaining satisfactory and stable production…

Peter Schroder, Chief Digital Officer in Maersk Tankers and Aleksander Stensby, Managing Director of Klaveness Digital. Photo: Klaveness Digital

Klaveness Digital and Maersk Tankers Enter Digital Partnership

Klaveness Digital and Maersk Tankers have joined forces to drive the development of intelligent digital solutions.The partnership will give Maersk Tankers access to Klaveness Digital’s digital platform, enabling the company to store and manage large volumes of commercial and operational data. This will bring digital solutions to the market faster and bring cost benefits to both parties.Klaveness Digital has developed a cloud-based digital platform for storing, processing and exporting commercial and operational shipping data to tailored applications and users.

The Venta Maersk loads containers in Vladivostok, Russia ahead of its Arctic voyage (© Sergei Skriabin / MarineTraffic.com)

Maersk Sends First Containership through the Arctic

A Maersk vessel loaded with Russian fish and South Korean electronics will next week become the first containership to navigate an Arctic sea route that Russia hopes will become a new shipping highway.The Arctic voyage by the 3,600 20-foot container capacity Venta Maersk is the latest step in the expansion of the so-called Northern Sea Route which is becoming more accessible to ships as climate change reduces the amount of sea ice.The brand new Venta Maersk, one of the world's largest ice-class vessels…