Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Maersk Line defers delivery of new container ships to prop up cashflow

From The Loadstar:

Maersk Line is to postpone delivery of nine newbuild 14,000 teu ‘utility’ ships with the last vessel to be received at the end of 2018, instead of at the end of this year.

Maersk Line says it does not need the ships as it is able to charter vessels of this […]

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Maersk slumps to only its second annual loss in seven decades

Excerpts from the Financial Times:

Shares in Maersk fell as much as 7 per cent on Wednesday as it reported only its second annual loss in seven decades and halved its dividend to try to protect its investment grade credit rating.

Maersk recorded a net loss of $1.9bn for 2016, compared with analysts’ expectations of […]

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Maersk biggest operator of former Hanjin ships, but two-thirds of fleet remains idle

From Seatrade Maritime:

Maersk Line is the largest operator of former Hanjin Shipping vessels, but more than two-thirds of the vessels from the bankrupt company’s fleet remain inactive, according to Drewry.

Of Hanjin’s fleet of 98 containerships, with a capacity of around 610,000 teu when it filed for receivership on 31 August last year, 31 […]

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Container shipping costs skyrocket after Hanjin collapse

From Hellenic Shipping News:

Container shipping costs, which radically plunged, now shows signs of recovery after the fall of Hanjin Shpiping Co. The strategy of Maersk Line, the world’s largest shipping group which cuts down shipping fees until its competitors fall down and pick fruit when they are liquidated, seems to be working. As […]

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Hyundai Merchant no longer considered for 2M Alliance, Maersk says

From the Wall Street Journal:

Maersk Line, the senior member of the world’s largest container-shipping alliance, has said it is no longer considering Hyundai Merchant Marine for membership in the group, dealing a major blow to the troubled Korean shipping company.

The so-called 2M Alliance—made up of Maersk and Mediterranean Shipping Co.—moves a third of […]

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Maersk Line to buy container shipping line Hamburg Süd

Denmark-based shipping company Maersk Line has agreed to acquire German container shipping line Hamburg Süd from its owner Oetker Group, for an undisclosed sum.

Subject to final agreement and regulatory approvals, the deal is expected to be complete by the end of next year.

With 130 container vessels and a container capacity of 625,000 twenty-foot […]

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Maersk partners with U.S. West Coast ports

Maersk Line has partnered with the ports of Los Angeles and Long Beach to measure the environmental benefits of a US$125 million upgrade to 12 containerships.

The two ports are contributing jointly US$1 million to a real-time tracking system to pinpoint vessel emissions while ships birthed and at sea.

Maersk said the three-year data collection […]

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Maersk stops selling ships after scandal

From Port Technology:

”The health risks attached to ship scrapping are numerous and deadly, including, lead or asbestos poisoning, polychlorinated biphenyls and other dangers associated with heavy metals,” reports Port Technology.

In the wake of harsh criticism regarding Maersk’s decommissioning and selling of ships, aware they would be scrapped in dangerous circumstances in Bangladesh and […]

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Maersk in hot water for sending ships to notorious scrapping beaches

”It’s not the first time that Danish ships have been found on the contentious scrapping beaches, which employ impoverished workers in dangerous conditions for pay that can be as low as 2.5 kroner an hour,” reports the Copenhagen Post.

From the Copenhagen Post:

The Danish oil and shipping company Maersk finds itself in turbulent […]

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Maersk may target Hanjin, Hyundai in new acquisition plan

A.P. Moeller-Maersk A/S’s container line, which this month ditched a strategy of building new vessels and will instead try to grow through acquisitions, is targeting South Korea’s two biggest shipping firms, according to Jefferies International Ltd.

Hanjin Shipping Co. last month filed for bankruptcy protection and Hyundai Merchant Marine Co. is in the middle of […]

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Maersk Line orders 14,800 new reefer containers

From Fresh Plaza:

Maersk Line’s 2016 investments in new reefer container equipment are adding 14,800 reefers to the world’s largest reefer fleet of more than 270,000 containers. While part of the reefers replace older equipment, the investment will expand the reefer fleet and cater for Maersk Line’s future growth in the reefer segment.

Adding to […]

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Maersk may target Hanjin, Hyundai in new acquisition plan

From Bloomberg:

A.P. Moeller-Maersk A/S’s container line, which this month ditched a strategy of building new vessels and will instead try to grow through acquisitions, is targeting South Korea’s two biggest shipping firms, according to Jefferies International Ltd.

Hanjin Shipping Co. last month filed for bankruptcy protection and Hyundai Merchant Marine Co. is in the […]

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Maersk to split group into transport, energy firms

Maersk, owner of the world’s biggest shipping company, “will become an integrated transport and logistics company,” the Copenhagen-based group said on Thursday.

“Oil and oil related businesses, either individually or in combination, to be separated from” the group and “will focus on optimizing and strengthening its strong position in the Danish, British and Norwegian parts […]

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Maersk and MSC add transpacific services in wake of Hanjin bankruptcy

Maersk Line and MSC, who make up the 2M network, have moved to snaffle up business that was previously controlled by defunct Hanjin Shipping.

Maersk Line is introducing a new service between Asia and the United States West Coast starting on 15 September. The TP1 service will be calling Yantian, Shanghai, Busan and Los Angeles/Long […]

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Liners leaning more on terminal relationships

From the Journal of Commerce:

Maersk isn’t the only carrier with a terminal relationship [with APM Terminals], with its three closest rivals all involved in the port business — essentially bolt-ons to their core container businesses and with much lower profiles. Mediterranean Shipping Co. owns 65 percent of Terminal Investments — U.S.-based Global Infrastructure Partners […]

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