Danish shipping giant Maersk is getting ready to send one of its newbuild ice-class feeder ships through the Northern Sea Route - a first for the world's largest shipping company. The trip through the NSR will be one-time occurrence as the ship, named Venta Maersk, makes its maiden voyage from China to Northern Europe. Delivered July 11th, Venta Maersk is the fourth … [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 to Spin Off Drilling Unit, Hand Total Shares to Investors
By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN, Aug 17 (Reuters) - A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus entirely on transport and logistics. Maersk, which cut its full-year profit outlook this month, sold Maersk Oil to … [Read more...]
Maersk Said to Plan Drilling Spinoff to Focus on Transport
Update: Maersk Confirms Drilling Unit Spin-Off By Manuel Baigorri, Ruth David and Matthew Miller (Bloomberg) -- A.P. Moller-Maersk A/S is planning to spin off its drilling unit instead of pursuing a sale as the Danish conglomerate shifts focus to its transport activities, according to people familiar with the matter. The world’s biggest shipping company may announce the … [Read more...]
Maersk, IBM Say 94 Organizations Have Joined Blockchain Trade Platform
COPENHAGEN, Aug 9 (Reuters) - Shipping group Maersk said on Thursday 94 companies and organizations have so far joined a blockchain platform developed with IBM aimed at boosting efficiency and limiting the enormous paper trail of global container shipping. The industry has seen little innovation since the container was invented in the 1950s, and cross-border trade still … [Read more...]