By Christian Wienberg (Bloomberg) -- The cost of delivering world trade is about to go up. A.P. Moller-Maersk A/S, the world’s largest container shipping line, said Monday that customers using its giant box ships will have to pay separately for fuel from 2020, when prices are expected to surge because of tougher environmental standards. The regulations are designed to cut … [Read more...]
Maersk to Install Scrubbers On a ‘Limited Number of Vessels’ Ahead of 2020 Global Sulphur Cap
SINGAPORE/COPENHAGEN, Sept 12 (Reuters) - A.P. Moller-Maersk , the world's biggest container shipping group, will add devices to reduce harmful exhaust emissions to some of its ships ahead of new global fuel regulations starting in 2020. To combat air pollution, the International Maritime Organization (IMO), the United Nations' shipping agency, has set global regulations to … [Read more...]
Maersk Containership Loads World Record 19,038 TEUs in Malaysia
With a load of 19,038 TEU, the Maersk Line ultra-large containership Mumbai Maersk has set a new world record for the largest load ever carried by containership. The accomplishment marked the first time a ship has surpassed the once-mythical 19,000 TEU mark. The Mumbai Maersk, one of Maersk's second generation Triple-E's, set the record this past weekend at the Tanjung … [Read more...]
Maersk, Vopak to Launch Low Sulphur Fuel Bunkering Facility in Rotterdam Before 2020
A.P. Moller - Maersk, owner of the world's largest shipping line, has agreed to a joint initiative with independent tank storage operator Royal Vopak to launch a low sulphur bunkering facility in Rotterdam. The facility will help Maersk and other carriers meet the strict rules regarding the International Maritime Organization's .5% sulphur cap beginning in 2020. Located … [Read more...]
Tariffs Likely to Hurt U.S. More Than Rest of World, Maersk CEO Says
By Christian Wienberg (Bloomberg) -- The U.S. economy will be hit many times harder than the rest of the world by an escalating global trade war, according the the chief executive officer of A.P. Moller-Maersk A/S. Soren Skou, who runs the world’s biggest shipping company from Copenhagen, said the fallout of the current protectionist wave “could easily … [Read more...]