World’s largest container line triples profits despite COVID
New normal for container shipping: active capacity management and digital spot bookings.
New normal for container shipping: active capacity management and digital spot bookings.
Jack Mahoney will take over for the retiring Guy Stephenson.
Container carriers are rerouting goods and assessing damage following Tuesday’s blast.
Digital platform is designed to provide shippers end-to-end transparency.
Developed by A.P. Møller – Maersk and IBM two years ago, the neutral platform was publishing 2 million events per day within a year and a half.
World’s largest container shipping line is “committed to a carbon-neutral future of transport and logistics.”
A new interview with AgTC’s Peter Friedmann on how China COVID fears affect U.S. food exports.
“Optics” are bad but freight pricing doesn’t appear to meet regulatory bar for intervention.
A tip led investigators to the 90 bricks of cocaine weighing nearly 226 pounds.
Carrier recognizes ‘the importance of digitalization across the shipping industry.’
A language barrier of sorts may be blocking shipping lines and ports from adopting common technology platforms.
EU e-commerce regulation will bring “one of the most impactful changes.”
The container ship helping set the record is longer than the Eiffel Tower is tall and capable of carrying 384 million pairs of shoes.
Instead of whipping around at 500 mph, a broken Snap Back Arrestor rope simply drops to the ground
Three hundred vessels will be equipped to measure and report meteorological data
Sister ship will transport cargo while turbocharger is repaired in New Jersey
The alliance between FedEx and Microsoft may change supply chains,. Brian Aoaeh explores the issues involved.
Coast Guard medevacs crewman injured in engine room fire
An exclusive interview with Sea-Intelligence CEO Alan Murphy on how canceled sailings can signal future demand.
Two space-sharing alliances already have canceled 75 voyages through September
Operator of Staten Island terminal spurned by container giant is not giving up without a fight.
Nine carriers in the Digital Container Shipping Association say eliminating paper from transactions will improve all aspects of the process.
World’s largest box carrier expects capacity cuts to mitigate volume downside.
Singapore-based container carrier digs out from $586 million fiscal-year loss to report $105 million profit and procures 5,000 40-foot units.
Judge gives Maersk go-ahead to jump ship from GCT terminal in Staten Island.
The 24,000-TEU Algeciras will make maiden voyage from Qingdao, China, on Monday.
Good news for box carriers: Freight rates haven’t collapsed. Bad news: Volumes have.
Website and the online booking platform of MSC have gone offline but fallout appears contained.
New CEO named to lead Alabama State Port Authority and senior VP appointed to head Latin American sales.
Canceled sailings surge, schedule reliability sinks and import demand evaporates.
Sick seafarer has been isolated on board the container ship off the coast of Spain.
More booking cancellations equal more ocean-service cancellations equal more delivery uncertainty.
If confirmed, these would be the first reported cases of COVID-19 on board a container ship.
Alabama facility operating normally during coronavirus pandemic.
Coronavirus left containers scattered in the wrong ports. Liner companies are trying to get them back into position.
Unprecedented uncertainty will likely delay annual contracts between shippers and ocean carriers.
Misdeclared cargo blamed for container ship fires, including last year’s blaze on the Yantian Express.
Outlook of world’s largest container line hinges on timing of coronavirus containment.
Acquisition of California-headquartered Performance Team designed to strengthen the shipping giant’s ability to meet customers’ end-to-end supply chain needs.
Inland trucking slowdown in China leaves port reefer plugs full, blocking refrigerated food imports.
Patrick Jany, Michael Mitchell and Giovanni Ravano are appointed to C-suite roles.
Asia-Europe trade sees five sailings cancelled due to coronavirus as global shipping companies remain on lockdown for another week.
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Much of the discourse and sentiment surrounding the […]
Liner delays put billions in inventory and assets on hold, leading to more efforts to quantify impact.
Group aims to establish common vocabulary to make digital communications easier in ocean freight.
Singapore surge is “trigger” for Maersk to add fuel new surcharge.
Oceangoing vessels challenge scale of newly introduced carbon-free power technologies for short-sea shipping and ferries, World Shipping Council CEO John Butler tells U.S. lawmakers.
Zonar has enabled over-the-air updates for Cummins engines, plus key freight index rises and Connecticut senator asks mapmakers to include truck-specific warnings for low bridges.
Trans-Pacific container rates continue to fall as Asia-Europe rates continue to rise.
Maersk says two of its offices in Brazil were raided, apparently as part of a federal corruption probe.
APM Terminals is selling one of its two large terminals in Rotterdam, but will retain ownership of Maasvlakte II.
A new APM Terminals container terminal in Italy also expects to capture cargo moving to and from Switzerland, Germany and France.
Move to establish green bona fides comes as the liner operator is called out for its carbon output.
With less than a month until the IMO 2020 regulations go into effect, Ben Thrower writes about the impacts about to hit the maritime industry, importers/exporters and consumers.
Soren Toft, the former chief operating officer at Maersk will become chief executive officer at Mediterranean Shipping Co.
With Soren Toft, Maersk COO just a week ago, poised to become MSC’s new CEO, FreightWaves examines which carrier rules the waves.
Europol believe Italy’s ‘Ndrangheta mafia is behind the use of Gioia Tauro as a cocaine hub for western Europe.
The shipping grapevine is abuzz with rumors that the man who was Maersk’s COO until Monday (Nov. 11) could soon be leading MSC.
Focus on profitability over market share bears fruit for Danish container shipping giant.
Sune Stilling, head of Growth for Maersk, right, said the investment fund is focused on companies that keep the customer — not a billion-dollar valuation — in mind when developing their solutions.
Maersk, MSC, Hapag-Lloyd and COSCO will be the main market share “losers”, says Alphaliner.
London-based logistics startup tailored to ease e-commerce returns.
World’s largest shipping line teams up with major customers in test of carbon-neutral fuel.
Ocean carrier says the onus in on marine fuel suppliers to scale up production to meet target dates.
Shippers will shun container lines that lack transparency or overcharge for low-sulfur fuels.
Better fuel prices, capacity and cost management help push up results for worlds largest ocean carrier.
Terminal operator joins TradeLens as it looks to align with ocean carriers and provide better box tracking.
French calls for mandatory slow steaming continue, but the introduction of low-sulfur bunkers could see container lines accelerate services as fuel markets are played for competitive advantage.
Market Voice Brian Aoaeh has a fascinating interview with Wolfgang Lehmacher,, an expert on global supply chains (and much more)!
Maersk subsidiary looks to fix congestion that had been widely cited in 2018 front-loading.
Maersk expects ample supplies of low-sulfur fuels to be available in most ports, but warns shippers to expect higher costs.
Traxens says the new standard will facilitate growth in smart container usage.
Crude tanker rates continue to surge, driven by geopolitical tensions. Meanwhile, container rates remain weak.
The shipping giant has teamed up with JDA to boost warehouse and supply chain visibility
Container ships are setting new records, but for all the wrong reasons, as the vessels become an increasingly popular way to smuggle drugs. As FreightWaves’ Mike King reported, the Maersk […]
Getting to Zero Coalition, which includes Maersk Line, calls for “commercially viable zero-emission vessels” to be deployed on deep sea trade by 2030.
Forwarder outlines pathway to carbon neutral future as climate change takes on new urgency.
U.K.-based technology firm sees 2019 as pivotal year for logistics-focused technology.
Dry bulk spot rates have pulled back from recent highs, while trans-Pacific container rates have held their gains.
Maersk and Ports America onboard with app designed to optimize fraught process of picking up boxes.
Delays, diversions and weekend gates as ports get back to normal schedules.
Does container shipping have a drug problem? After a string of busts in the U.S. in recent months, attention has now switched to the U.K., where authorities have seized 1,279 […]
At least 15 scheduled sailings from Asia are being temporarily culled due to the Chinese national holiday.
LNG shipping rates are being driven by seasonal issues. Box shipping rates are behaving counter-seasonally.
Container ship firm plans pledge to coincide with upcoming G7 summit in France.
VLCC rates are up over 200% month-on-month. Trans-Pacific box shipping rates are down 11% since the beginning of August.
ZIM, which has entered into space-sharing agreements with Maersk and MSC, says it plans to “double down” on efforts to grow with its partners.
Maersk is partnering with Indian digital freight startup BlackBuck to enter the Indian containerized trucking market for export-import logistics.
A new app aims to streamline household moves, plus China shipping empty containers to Europe and air cargo volumes drop again.
Maersk says technology is core to its vision and wants more of its 6,000-strong IT workforce to be direct employees and not contractors.
The CEO of Maersk says the impact from the U.S.-China tariffs and trade tensions on global trade has been quite manageable.”
Earlier today in Europe, Danish shipping giant A.P. Moller–Maersk (NASDAQ: Maersk A; NASDAQ: Maersk B) reported a massive increase in second quarter profit and earnings before interest, tax, depreciation and amortization. Revenues “grew slightly,” the shipping mega-conglomerate said.
Germany’s DB Schenker is joining the ranks of logistics companies that aim to bring cargo booking online. One of the top five freight forwarders in the world, DB Schenker said […]
Companies that build a dedicated M&A program return more value to shareholders.
Owners of ships, railcars and trucks face increased risk from environmental regulations, credit rating agency Moody’s said. The value of $265 billion in debt owed by transportation companies may be […]
The Port of Los Angeles is a test bed for the latest in logistics technology, and a target for the threats facing that technology. To stave off those threats, the […]
Maersk, for the second time, was granted a permit by the Port of Los Angeles that would allow its APM Terminals subsidiary to install infrastructure for electrified, automated container handling […]
U.K.-based Kontainers is releasing a new version of its freight booking software platform aimed at the small and mid-size enterprise market and priced per transaction. The software-as-a-service company said Kontainers […]
Maersk’s (Nasdaq OMX: MAER) fight to bring automation to its largest North American marine terminal is getting support from shippers and non-ocean carriers concerned about the impact on the environment […]