Hapag-Lloyd has ruled out sending its ships through the Northern Sea Route for the foreseeable future despite faster transit times, joining rival CMA CGM in shunning Arctic shipping due to heightened environmental risks. Hapag-Lloyd’s Senior Director Sustainability, Jörg Erdmann, says the company has no plans to send ships through the Arctic shipping until it can guarantee … [Read more...]
Cargill and Maersk Tankers Join Forces in Medium-Range Tanker Pool
Cargill and Maersk Tankers will be joining forces in the Medium Range (MR) tanker segment as part of a strategic partnership that will see Cargill’s entire MR fleet joining Maersk Tankers’ existing MR pool. A press release said the partnership will create a new joint pool that will significantly increase the scope of their MR spot tanker business, combining Maersk Tankers’ … [Read more...]
Maersk Signs Deal to Produce IMO 2020-Compliant Bunker Fuel at Port of Rotterdam
Maersk has signed a deal for the production of IMO 2020-compliant bunker fuel at the Port of Rotterdam that will cover 5-10% of the shipping giant’s annual fuel demand. The agreement was signed between Maersk Oil Trading and Koole Terminals. Production will take place at the Petrochemical Industrial Distillation (PID) facility, located at Koole’s Botlek site in the heart of … [Read more...]
Maersk CEO Wants to Explain Free Trade to Trump
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...]