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 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.
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.
More Shippers Join Maersk's Blockchain Solution
Two of the world's biggest shipping groups will join a Maersk led blockchain platform aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.With Mediterranean Shipping Co (MSC) and CMA CGM, the second- and fourth-largest container shipping companies, joining the platform, nearly half of all cargo being shipped by sea - which accounts for 90% of traded goods worldwide - will be tracked using it.More than 100 companies, ports or authorities, such as Procter & Gamble and U.S.
Maersk's Digital Ocean Customs Clearance
International trade is subjected to diverse and wide controls and customs regulations that need to be met to ensure that traded goods are entering and exiting legally.If a delay occurs, the entire plan gets affected. A delay causes increased expenses such as storage costs, fines, and penalties, resulting in additional problems for importers and exporters."This new one-stop-shop allows us to timely and efficiently handle export and import declarations for our customers. The solution provides downstream benefits of full governance and compliance…
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…
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…
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.
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…
Maersk Says CFO Quits after Organizational Changes
Danish shipping group A.P. Moller-Maersk said on Tuesday its chief financial officer has decided to leave the company after only 16 months in the role. The departure of Jakob Strausholm, who took the role as chief finance, strategy and transformation officer in December 2016, comes after Maersk decided to separate the finance role from its IT and digital transformation function, the company said. The change comes amid a major restructuring and digital drive which Maersk hopes will simplify the process of moving goods around the world.
Maersk, IBM to Launch Blockchain Joint Venture
The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars. The global shipping 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. Success of the platform, which will be made available to the ocean shipping industry around mid-2018, depends on whether Maersk and IBM can convince shippers…
Mærsk Strengthens Executive Board
In line with the strategic direction announced in September 2016 A.P. Møller - Mærsk A/S has made significant progress in focusing the future business on container shipping, ports and logistics. To further accelerate the development of customer oriented end-to-end transportation and logistics solutions the Board of A.P. Møller - Mærsk A/S today announces that it is strengthening the management of the company by appointing the Chief Operating Officer, Chief Commercial Officer as well as the CEO of APM Terminals to the Executive Board.
Maersk Names New North American President
Veteran Maersk Leader, Omar Shamsie, becomes President of Maersk Line in North America. Maersk Line, the world’s largest container shipping company, announces the appointment of Omar Shamsie as the new president of Maersk Line in North America effective December 1st, 2017. His most recent position was president of Maersk Line Latin America & the Caribbean and before that president of Maersk Line Canada. Mr. Shamsie’s rich background also includes director and vice president positions throughout the globe with Maersk.
Maersk Expects Client Business Back to Normal by Monday
Danish shipping giant A.P. Moller-Maersk expects client-facing operations to return to normal by Monday and is resuming container deliveries at its major ports following a cyber attack on Tuesday. 'We expect that by Monday we'll be back to something that looks a lot more like a normalised state of business again,' Vincent Clerc, chief commercial officer at the company's shipping unit Maersk Line, told Reuters in a telephone interview. 'We take the core operating systems for Maersk Line and APM Terminals up first…
Maersk Unable to Process Orders after Cyber Attack
Shipping giant A.P. Moller-Maersk, which handles one in seven containers shipped worldwide, is not able to process new orders after being hit by a global cyber attack, it told Reuters on Wednesday. "Right now, at this hour, we're not able to take new orders," Maersk Line Chief Commercial Officer Vincent Clerc said in a telephone interview. "Because of limited availability of some of our systems, we also have issues in processing orders that were taken just before it went down," he said.
SOLAS: What Does it Mean for Customers?
Vincent Clerc, the Chief Commercial Officer at Maersk Line takes a look on Safety of Life at Sea (SOLAS). Effective July 1, 2016, SOLAS will require that shippers of a packed container provide its verified gross mass (VGM). The customer benefits of a properly implemented and enforced regulation are important to have in mind, especially these last hectic days before go-live. We are committed to making the process as easy as possible – but we also anticipate the next six months to be bumpy.
Safmarine Moves HQ to SA
International container carrier focused on trade to and from Africa, West and Central Asia, Safmarine will move its head office to Cape Town, South Africa, thereby returning to its roots. Safmarine was acquired by Maersk Line in 1999. Since 2012, Safmarine’s head office has been located in Copenhagen. The move is expected to be completed by the end of 2016. Success in Africa matters to you and your business. That's why you deserve a shipping partner with African expertise and knowledge of its growing market.
Maersk Line Names Hahnemann Chief HR Officer
On August 1, 2016, Ulf Hahnemann, current Vice President for Strategic Programs at Mars Inc. will join Maersk Line as Chief Human Resources Officer (CHRO) and be part of the management board of Maersk Line. Maersk Line’s current Chief Human Resources Officer, Michael Chivers, resigned in January 2016 to explore opportunities outside of the Maersk Group. He will leave by the end of May 2016. As of August 1, 2016, Maersk Line’s management board will consist of Søren Skou, Chief Executive Officer…
Maersk Line Names Danet CFO
Pierre Danet, current vice president and regional CFO of Hewlett Packard, Printing and Personal Systems in EMEA, will join Maersk Line on April 7 as chief financial officer (CFO) and be part of the management board of Maersk Line, the company announced today. Maersk Line’s current chief strategy, finance and transformation officer, Jakob Stausholm, will continue in the role of chief strategy and transformation officer.
China Strikes Down P3 Network
Today, the Ministry of Commerce (MOFCOM) in China announced that they have not given their approval to the P3 Network. On March 24, 2014, the U.S. Federal Maritime Commission (FMC) decided to allow the P3 Network agreement to become effective in the U.S., and on June 3, 2014, the European Commission informed the P3 partners that it had decided not to open an antitrust investigation into P3 and had closed its file. MOFCOM’s decision follows a review under China's merger control rules and is different from the positions of the FMC and the European Commission.
Bleak Outlook for Asia-Europe Ocean Container Sector
Maersk Line cuts further capacity on the Asia-Europe trade on low demand, cuts AE5 service permanently & suspends the AE9 service. “We do not expect volume growth on the Asia-Europe trades this year so there is currently no need for the number of ships sailing”, says Vincent Clerc, Chief Trade & Marketing Officer for Maersk Line. “We expect a 3% slump on the Asia-Europe container trades for 2012 and are taking steps to adjust to this without reducing our market position”. “Further to the 9% capacity reductions we made earlier this year…
Daily Maersk Extends Promise to Indonesia, Thailand
Maersk Line is extending its total container ship transportation time promise to six more routes: from Jakarta (Indonesia) or Laem Chabang (Thailand). The routes are to Bremerhaven (Germany), Rotterdam (The Netherlands) or Felixstowe (UK). (Bookings for this service will commence 8th October 2012). With gate-in any day of the week and two weekly cut-offs, Maersk Line are promising to transport goods on these routes in 31 days. The clock starts at cut-off and stops when goods are available at the final container yard.
Maersk Container Line Leads in Reliability Says Report
The report, a joint effort between ecommerce network provider INTTRA and container shipping analyst SeaIntel, examined the performance of the top 20 container lines in schedule reliability. In the past year, Maersk Line has been the No.1 carrier in eight of the months and No.2 for four. The report also highlights, among others, the effect of Daily Maersk on Maersk Line's June reliability, a month when many carriers saw reliability dip. "Maersk Line reached a 98% on time performance to North Europe in June…