Shipping Giants Join Maersk’s Blockchain Platform

By Jacob Gronholt-Pedersen COPENHAGEN, May 28 (Reuters) - Mediterranean Shipping Co (MSC) and CMA CGM, two of the world's biggest container shipping groups, are to join market leader Maersk in a blockchain platform aimed at limiting a costly paper trail in the industry. With MSC and French-based CMA CGM, the second- and fourth-largest container shipping companies, joining … [Read more...]

ITF Urges Canada to Halt Lashing on St. Lawrence River After Man Overboard Fatality

The International Transport Workers Federation is calling on Transport Canada to ban foreign-crew from undertaking lashing work while vessels are underway on the Saint Lawrence River the death of a Maersk Line officer earlier this week. The Sri Lankan Second Officer, named Ravindu Lakmal Pieris Telge, fell overboard from the containership Maersk Patras at approximately 9:30 … [Read more...]

Maersk Warns Trade Tensions are Hurting Shipping’s Growth

By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN, May 24 (Reuters) - A.P. Moller-Maersk , the world's largest container shipping company, warned on Friday that trade tensions and an economic slowdown are slowing growth in global freight. Maersk, which is seen as an indicator of global trade patterns, cut its forecast for global growth in container traffic this year … [Read more...]

Maersk Management Given Time to Turn Around ‘Supertanker’

By Jacob Gronholt-Pedersen COPENHAGEN, April 2 (Reuters) - The main shareholder and the chairman of Danish shipping group A.P. Moller-Maersk both backed management's efforts to reshape the business, although other investors raised concerns on Tuesday about the rate of progress. The company is a "supertanker" that takes a long time to turn around, Ane Maersk Mc-Kinney … [Read more...]