Port NOLA Sets New Box Record
Louisiana’s only international container port Port of New Orleans (Port NOLA) moved more containers in 2019 than at any time in its history, totaling 648,538 twenty-foot equivalent units (TEUs), up 10% compared to one year ago.The multimodal gateway for global trade said in a press release that the record marks the sixth consecutive year the Port surpassed the half million TEU-mark at its Napoleon Avenue Container Terminal, which is operated by New Orleans Terminal and Ports America.“Port NOLA has now seen double-digit growth in total container volumes for two consecutive years…
Svitzer Appoints Americas MD
Maersk's towage operator arm Svitzer announced on Thursday it has appointed Arjen Van Dijk as its new Regional Managing Director (MD) for the Americas region, effective February 1, 2020.Van Dijk is taking over from Marc Niederer, who has decided to step down due to personal reasons and is currently considering various options for his future role, the company said.Van Dijk joined Svitzer in July 2019 as regional CCO and is now advancing to Regional MD. With more than 15 years in global shipping and transportation…
Maersk Delivers Chillies from Varanasi to UAE
Maersk, an integrated logistics company, said it has delivered its first end-to-end shipment of freshly produced green chillies from Varanasi to Jebel Ali, United Arab Emirates (UAE), within a duration of nine days.The Danish business conglomerate worked closely with Agricultural and Processed Food Exports Development Authority (APEDA) of India, the apex organization under the Ministry of Commerce & Industry, responsible for the export promotion of agricultural products, to enable…
Maersk Chief Warns EU Antitrust Policy Benefits China, US
Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview."Is it really a good idea that we don't allow the creation of a European global champion? In doing so, we risk being outperformed by a Chinese company, over which the European Union has no influence," Maersk CEO Soren Skou told Danish business daily Finans.A Maersk spokeswoman confirmed his comments to Reuters.Skou is a member of the European Round Table for Industry (ERT)…
Maersk Tankers Launches New Digital Venture
Maersk Tankers is launching a new standalone digital business to reduce CO2 emissions and optimize vessels’ earnings across the tramp shippig industry.Soren C. Meyer is moving from Chief Asset Officer to Chief Executive Officer of the new digital venture.The as-yet-unnamed business will develop and sell the software product SimBunker to vessel owners and managers in the tramp shipping industry to help them use their vessels more efficiently. This will reduce CO2 emissions, supporting the shipping industry’s ongoing efforts towards more sustainable development…
APM Terminals Pipavav Appoints Sørensen
APM Terminals Pipavav (Gujarat Pipavav Port Limited), has appointed Mr. Jakob Friis Sørensen as Managing Director, effective January 1, 2020Sørensen has been a part of A.P. Moller Maersk Group since 1987 starting at the internal A. P. Moller Shipping School in Copenhagen, Denmark. He has held various positions within the Group in Maersk Line, Maersk Logistics and Damco in countries like Indonesia, Singapore, Malaysia, Japan and India. Sørensen holds an MBA from Henley Management College…
Sandy Hook Pilots Issue Statement on Operational Fatality
Coast Guard responds to deadly New York harbor pilot accident.On December 30, 2019 at approximately 0430, Sandy Hook Pilot Captain Dennis R. Sherwood was involved in an incident while boarding a container vessel inbound to the Port of New York & New Jersey. He sustained injuries after falling from an accommodation ladder and was evacuated to a local hospital where his injuries proved to be fatal. Prior to the incident, Captain Sherwood had been piloting vessels in and out of the Port of New York & New Jersey for over 35 years.The incident is being investigated by the United States Coast Guard.
Xeneta's Year Ends High, Concerns Remain
Xeneta has ended 2019 with a second month of increases in long-term contracted ocean freight rates across key trading routes.According to the latest XSI Public Indices report from Xeneta global rates climbed by 0.9% in December (adding to a 0.9% rise in November). However, despite the welcome upswing, after well over a year of steady decline (with the exception of a spike in May), market confusion concerning IMO 2020 sulphur surcharges still remain.Moving in the right directionXeneta’s XSI Public Indices report utilizes over 160 million data points…
US Box Ship Rescues Iranian Mariners
A U.S.-flagged merchant vessel Maersk Kinloss rescued three Iranian mariners who had been stranded at sea for several weeks.The Maersk company informed U.S. Naval Forces Central Command (NAVCENT) of the December 18 rescue.The stranded mariners were transferred to the Omani coast guard, who are coordinating their return to Iran.
Maersk Outlines Year in Review, Outlook
Steve Felder, Managing Director, Maersk South Asia has outlined the developments in 2019 and what we can expect in 2020:“While the global container demand was lower in 2019 due to weaker growth in the global economy, India witnessed a broad-based slowdown in its import export trade as well after a growth of several years. This is aligned closely with the weaker domestic demand, tight liquidity and working capital as well as a reflection of the overall cyclical weakening of the economic environment in all the main global economies.
COA Elects Chairman and Vice-Chairman
Container Owners Association's Board of Directors have elected Uffe Ernst-Frederiksen, Head of Cargo Management, AP Moller-Maersk, to the position of COA Chairman, effective January 1, 2020. He takes over from Brian Darnowski, Senior Vice-President – Operations, Triton International Ltd, who has completed his 3-year term of office.The COA Board has also elected Paul Johnescu, Vice-President, Facilities & Equipment Engineering, Matson Navigation Company, as the Organisation’s Vice-Chairman.
Maersk India Trade Report Q3 2019
India’s import and export container trade in Q3 2019 (July-September) remained flat as compared to global growth of 1.5%. The slowdown is aligned closely with the weaker domestic demand, as well as a reflection of the broad-based cyclical weakening of the economic environment in all the main global economies. The negative effects from escalating trade restrictions also weighed on trade growth in the quarter. The trade restrictions have reduced bilateral trade between the United States of America and China…
APM Sells Rotterdam Terminal to Hutchison
The Netherlands-based terminal operator APM Terminals, a subsidiary of Maersk Group, has signed a letter of intent for the sale of APM Terminals Rotterdam to Hutchison Ports, owner of the adjacent ECT Delta terminal.The complete transfer of shares is based on the agreement that, in the short term, APM Terminals Rotterdam will continue to exist as an independent organisation with a 5-year volume guarantee from parent company, A.P. Moller-Maersk and no forced redundancies within 4 years of signing the agreement.Under the ownership of Hutchison Ports…
Maersk, Tide Maritime Targeted in Petrobras Probe
Brazilian authorities on Wednesday targeted Maersk and other companies for allegedly paying bribes to get an edge in securing shipping contracts with state oil firm Petroleo Brasileiro SA, in the latest phase of a sprawling graft probe.Federal prosecutors said in a statement that Denmark's Maersk, the world's largest shipping company, was involved in allegedly paying $3.4 million in bribes related to 11 shipping contracts with Petrobras, worth 592 million reais ($141.07 million).Maersk was not immediately able to comment when contacted by Reuters.
Maersk Names CEO for Shipping
Danish integrated logistics giant A.P. Moller - Maersk appointed Vincent Clerc as CEO of Ocean and Logistics and Henriette Hallberg Thygesen as CEO of Towage, Manufacturing & Others.“A year ago, we integrated our customer facing roles across the company. We are now ready to accelerate the execution of our strategy through increased commercial and operational integration,” says Søren Skou, CEO of A.P. Moller - Maersk and continues:“With the new leadership structure announced today, I am confident that we will increase the pace.
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.
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.
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.
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.
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.
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)
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…
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 Opens New Logistics Center in Vietnam
Danish logistics conglomerate Maersk launches its new logistics center in Bac Ninh to address the needs of a high-demand North Vietnam market.The new warehouse offers premium Warehousing and Distribution solutions to support our customers and the significant trade growth in the region.On December 11th, 2019, the official opening ceremony for the new logistics center took place in Bac Ninh, Vietnam in the presence of Danish Ambassador to Vietnam Mr. Kim Højlund Christensen, Vietbeko Head of Supply Chain Mr. Quang Le and Maersk senior executives.
Vado Gateway Container Terminal Opened
The international container terminal operating company APM Terminals (APMT) said it has opened a new container terminal in Vado Ligure, on the Italian Riviera, which will be capable of handling 900,000 TEUs of containerized cargo.APMT has a 50.1% share in the “Vado Gateway,” while Cosco Shipping Ports has a 40% share and Qingdao Port International has a 9.9% share. APMT said the project is part of the “New Silk Road.” Chinese firms have invested in more than a dozen European ports…