OceanPro Accelerates Tech Innovation
OceanPro by Maersk, the first of its kind startup accelerator within the shipping and logistics industry, announced the graduation of its second cohort of start-ups showcasing the artificial intelligence (AI), machine learning (ML) led solutions developed by them over the last 120 days.The India-focused company of the Danish shipping giant also unveiled the start-ups that form a part of the third cohort as a continuation of its efforts to drive industry-wide digital transformation…
Hamburg Süd Launches Remote Container Management
All Hamburg Süd customers can use the new Remote Container Management (RCM) technology for their reefer container shipments. RCM monitors parameters such as temperature, relative humidity, and the concentrations of O2 and CO2 within the reefer container in real time. The added value of using RCM is that it enables customers to use this data to monitor their supply chain better, to make it much more efficient and reliable, and to thereby leverage great potential for cost savings.
Maersk, Syngenta in New 4PL Contract
Extending their partnership with a contract for fourth-party logistics (4PL), Maersk and Syngenta highlight their joint commitment to responsible logistics based on continuous supply chain optimization and innovation.As a player in the agrochemical industry, Syngenta continuously looks for ways to optimise its supply chains to deliver on its ambition of producing food efficiently and responsibly and thus increasing productivity without harming the planet. A long-term cooperation with Maersk…
Maersk Layoffs Imminent
Danish shipping group Maersk said on Thursday it would lay off staff at its main offices in Denmark and in other countries.The company said it did not know yet how many jobs would go.(Reporting by Nikolaj Skydsgaard and Jacob Gronholt-Pedersen; Editing by Edmund Blair)
Performance Shipping Adds Aframax Tanker
The global provider of shipping transportation services through its ownership of vessels, Performance Shipping has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/t Briolette (formerly Maersk Jamnagar).The containerships and tanker vessels said in a press releases that it had entered into an agreement to purchase the 2011-built Aframax tanker vessel of 104,588 dwt in June 2019. Including the newly delivered m/t Briolette, Performance…
GE Hires Maersk's CFO as Finance Chief
General Electric Co on Monday named finance head at shipper AP Moller-Maersk as its new chief financial officer in the latest top-level change aimed at turning around the U.S.
APM Terminals Intros Monitoring System
APM Terminals, an international container terminal operating company headquartered in The Hague, has commenced the global rollout of an advanced application monitoring solution, capable of spotting issues with performance before they start to negatively impact operations.The new solution, which has already been rolled out to 11 terminals, will ensure business continuity, improve terminal efficiency, and safeguard consistency (peak moves per hour) by ensuring that applications consistently operate at the speed they’re supposed to.
ZIM Back into Black
Israeli international cargo shipping company ZIM Integrated Shipping Services continued to record improvements and to expand its global network to its customers confronting challenging business environment.ZIM has reported a net profit of USD 5 million for the third quarter of 2019, after returning to black in the second quarter of the year. (Compared: Net loss of $6.6 million in Q3 2018).Eli Glickman, ZIM President & CEO, said: “In spite of the challenging market conditions, ZIM continued to record improved results in Q3, as it did throughout 2019.
MSC Appoints Toft as CEO of Cargo Business
Swiss headquartered container shipping group MSC has appointed Soren Toft as the new chief executive officer of its cargo business from rival company A.P. Moller Maersk, an MSC spokesman said on Monday.A start date for Toft has yet to be determined, the spokesman said.Maersk, the world's biggest container line, said last week that Toft, who had served as its head of operations, had decided to leave the company to pursue outside opportunities.MSC is the world's second-largest container shipping line and is seen by industry watchers as a challenger to Maersk's position.
Maersk: Container Outlook Uncertain
Incidents involving container ships, although not new, have made the news much more frequently of late. In 2011 the Container Incident Notification System (CINS) was established to allow container ship owners to self-report incidents that might be of concern the other members of the group, and today CINS has 17 vessel owner members.The cases of the Yantian Express, Maersk Honam, MSC Flaminia, MSC Daniela, are some of the most recent examples of container ship fires. The rise in the rate of container ship fires…
Maersk COO Søren Toft Leaves Company
Chief Operating Officer (COO) Søren Toft has decided to pursue another opportunity outside the company and will leave A.P. Møller - Mærsk A/S effective today. CEO Søren Skou will take on the responsibilities of the COO in the interim.The Executive Board will hereafter consist of Søren Skou, Carolina Dybeck Happe, Vincent Clerc, and Morten Engelstoft.Søren Toft joined A.P. Møller - Mærsk in 1994 and became a member of the Executive Board in December 2017.
Xeneta Expects Further Disruption in Container Rates
Further disruption in ocean freight rates expected despite best efforts from leading carriers, according to Xeneta Container Rates Alert.Long-term contracted ocean freight rates for carriers continued their downward trend through the month of October, it pointed out.The latest freight data from the XSI Public Indices report from Xeneta shows a continued drop in contracted freight rates as the industry heads into the key seasonal months.Rates on a number of key routes have continued a steady downward slide since early summer but have yet to fall below the levels seen one year ago…
Maersk Join Forces to Develop LEO
A.P. Moller - Maersk alongside with Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss & Co. and, Marks & Spencer to explore LEO - a blend of lignin and ethanol - that could be part of the future solution for sustainable shipping.From the phone, tablet or computer you are reading this on, to the fruit you eat, the trousers you wear or the car you drive, around 80% of the goods you use every day are delivered to you by sea. Shipping accounts for 2-3% of global CO2 emissions, a proportion that is set to increase as global trade continues to grow at a sluggish but steady pace.
Hamburg, India Sea Trade Up by 17%
In the 2019 first half, 106,000 TEU - 20-ft standard containers - were handled in Hamburg on direct services with Indian ports, a gain of 17 percent. This brought India up into tenth place in Hamburg’s ranking of its trading partners for container transport.With Hapag Lloyd and its partner shipowners ONE, YML and COSCO offering an additional weekly sailing from Hamburg on the IEX - South-East India–Europe Express service from November onwards, the prospects for further growth are good.Ten liner services link the Port of Hamburg with India.
A.P. Moller-Maersk Center of Excellence in Tamil Nadu
Maersk, a global integrator of container logistics, has laid the foundation stone of its planned ‘A.P. Moller – Maersk Center of Excellence’ facility at Thenpattinam (Tamil Nadu), to support skill development and training needs for Maersk cadets across job functions (deck, electrical and engine). Maersk signed a Memorandum of Understanding (MoU) with Academy of Maritime Education and Training (AMET) University to jointly operate this facility with an aim to maintain steady channel of Indian seafarers for its operations.The A.
CAA Welcomes MSC 's Shelving Arctic Routes
Clean Arctic Alliance has welcome MSC Mediterranean Shipping Company's decision to avoid Arctic shipping route as a new short cut between northern Europe and Asia.Clean Arctic Alliance lead advisor Dr Sian Prior was responding to the announcement that shipping company MSC “will not explore or use the Northern Sea Route between Europe and Asia for container shipping” and that it believes that shipping lines should focus on reducing the environmental impact of existing shipping…
Maersk Lifts 2019 Forecast; Shares Rise
Danish shipping company A.P.
Maersk Lifts 2019 Profit Forecast; Shares Rise
Danish shipping company A.P.
Interview: Tore Morten Olsen, President Maritime, Marlink
Tore Morten Olsen, President Maritime, Marlink, discusses the pace and direction of high speed comms in maritime.Using metrics of your choice, put in perspective where we are today in terms of getting shipowners to adopt high speed communication solutions.The term broadband has been used in the maritime industry for at least a decade and if we are to follow the FCC’s definition which was upgraded to 25mbps from 4mbps (download) in 2015, then those high speed internet services are nothing of the sort.However, everything is relative.
Terminal Operator GCT Signs on to TradeLens
Global Container Terminals (GCT) will deploy the IBM-Maersk TradeLens platform at its four North American terminals.GCT operates four strategically located, big ship ready terminals on the west and east coast of North America. A leader in technologically advanced terminal operations, no company is more prepared to keep pace with the changing needs of global supply chains than GCT.In the Port of Vancouver, GCT Canada is the heart of the Asia-Pacific Gateway. GCT Deltaport is Canada’s largest marine terminal…
APM Terminals Appoints Dennis Lenthe Olesen as MD
Effective January 1, 2020, Dennis Lenthe Olesen, currently Global Head of Operations at APM Terminals, will assume the role of Managing Director for APM Terminals Nordics.This joint management structure will enable APM Terminals Aarhus and Gothenburg to strengthen collaboration and unlock operational synergies. The terminals will remain separate legal entities in Denmark and Sweden.“I am pleased to announce Dennis in this new and exciting role, as we embark on an important journey of unlocking further synergies between our two terminals and strengthening collaboration in the Nordics area”…
Cargill, Maersk & Mitsui to Collaborate on Emissions
Cargill, Maersk Tankers and Mitsui & Co. have established a strategic collaboration to accelerate the reduction of global greenhouse gases (GHGs) within shipping. All three parties recognize the urgency required to tackle the global issue of climate change and are continually driving progress in their respective lines of business. Today, they are joining forces to accelerate these efforts and propel the maritime industry towards a more sustainable future.Together, the companies…
Maersk Taps New Trade Deals in Odisha
Maersk completed its first import shipment to Sambalpur from the Inland Container Depot (ICD) in Jharsuguda (Odisha). The shipment carrying 80 TEUs was delivered to Shyam Metalics. Whilst a few of the top customers in the region have already moved containers on the import side - with more in the pipeline, this delivery is testament to Maersk’s efforts to unlock new trade opportunities in Odisha by leveraging the operational commencement of the ICD situated in Jharsuguda.All major metal customers have shown interest in the import leg as well since there is a clear value to it.
APM Implements ConQuip in 38 Operations
APM Terminals, the international container terminal operating company headquartered in The Hague, claimed that one year since the implementation of its new global operator training program known as ConQuip, and the approach is paying off.The company’s goal is to implement standardized operator training across 38 Global Operations, said a press release.This approach allows APM Terminals to share and implement best practice across the organization, reduce costs, and enable smoother operational start-up for new Terminals.
Maersk Tankers Acquires Seven AET Vessels
Product tanker operator Maersk Tankers has now completed its acquisition of seven chemical tanker ships, which the company wil take over from AET Tanker Holdings, a Malaysian-owned global shipping company specializing in the ocean transport of crude oil and refined products.Built in Korea in 2009 and 2010, the second-hand Handy vessels are of shallow drafted design with a good cargo intake and an increased chemical/IMO capability.“In line with our strategic goal of developing a dynamic fleet and our belief in the tanker market…