By Christian Wienberg (Bloomberg) -- Shareholders in the world’s biggest container-shipping company may get up to $8 billion in payouts next year, according to Goldman Sachs. That’s great news for equity investors in A.P. Moller-Maersk A/S, but it raises a number of questions for the Danish company’s creditors. According to Danske Bank, big shareholder rewards will push … [Read more...]
Maersk CEO Says Data Shows `Ironic’ Twist in U.S. Trade War With China
By Christian Wienberg (Bloomberg) -- The man running the world’s largest container-shipping company says he has access to data that shows Donald Trump has so far failed to wean the U.S. off Chinese imports. Soren Skou, the chief executive of A.P. Moller-Maersk A/S, says Chinese exports to the U.S. actually grew 5-10 percent last quarter. Meanwhile, U.S. exports to China fell … [Read more...]
Maersk Warns Trade War Will Hit Container Shipping
By Jacob Gronholt-Pedersen COPENHAGEN, Nov 14 (Reuters) - Top U.S. importers are stocking up on Chinese goods before new import tariffs take effect, shipping giant A.P. Moller-Maersk said on Wednesday, but warned a trade war would hit demand for container shipping in the coming years. Maersk's data indicated that imports into the United States from China had grown 5 to 10 … [Read more...]
Photos: Venta Maersk’s Passage of the Northern Sea Route
On 22 August 2018, the Maersk Line feeder ship Venta Maersk departed from the port of Vladivostok in Russia for its maiden voyage to northern Europe, where it will enter service in the North and Baltic Seas. However, instead of taking the usual route through the Suez Canal, the Venta Maersk headed north to the Bering Sea. For the first time in the history of the … [Read more...]
Maersk Says New Dangerous Goods Guidelines to Improve Containership Safety After Maersk Honam Fire
The world's top shipping line Maersk has implemented new guidelines on the stowage of dangerous goods after a review of its safety procedures in the aftermath of the devastating Maersk Honam fire back in March. The shipping company says the new guidelines will improve safety across its fleet of container vessels. "Following the tragic fire aboard Maersk Honam in March … [Read more...]