By Christian Wienberg (Bloomberg) -- The chief executive officer of the world’s biggest shipping line says he’d like to meet with U.S. President Donald Trump to explain the merits of free trade. Soren Skou, the CEO of A.P. Moller-Maersk A/S, delivered a set of quarterly results on Thursday that show his company has so far managed to ride out the trade war that’s raging … [Read more...]
Maersk Warns Trade War Could Hurt Container Business
By Jacob Gronholt-Pedersen COPENHAGEN, Aug 15 (Reuters) - A.P. Moller-Maersk warned a trade war between the United States and China could curb container traffic this year after the world's largest container shipping company beat second-quarter profit expectations. Maersk said the escalating trade dispute between Washington and Beijing could limit growth in global container … [Read more...]
Maersk Family Dips Toe in Renewables with Wind Turbine Supplier Acquisition
July 10 (Reuters) - A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry. The acquisition marks a new direction for the family-owned company, which has built its business on the shipping and oil industry. The parties declined … [Read more...]
Hapag-Lloyd and ONE Join Maersk’s Blockchain-Based TradeLens Platform
Maersk has signed up container shipping rivals Hapag-Lloyd and Ocean Networks Express (ONE) for its blockchain-based TradeLens digital shipping platform. Hapag-Lloyd and ONE, the world’s fifth and sixth largest carriers by capacity, respectively, will join CMA CGM and MSC Mediterranean Shipping Company, the world's second and fourth largest carriers, who recently … [Read more...]
Innovation Must Overtake Growth for ‘Sea Change’ in Shipping Emissions
By Alexander Whiteman (The Loadstar) - Carriers are failing to tackle greenhouse gases (GHGs) and sufficiently invest in the new technologies required to meet the IMO’s pledge to cut emissions in half by 2050. This was the finding of a new report from research group CDP, titled A Sea Change, published just as Maersk and Bolloré Logistics committed to a 20% cut in CO2 … [Read more...]