Maersk Raises Guidance Again Amid Red Sea Disruptions
Maersk has raised its financial guidance for the third time in as many months due to ongoing Houthi attacks on shipping in the Red Sea, which are forcing ships
gCaptain’s full coverage of A.P. Moller-Maersk (Maersk), one of the world’s leading container transportation companies.
Maersk has raised its financial guidance for the third time in as many months due to ongoing Houthi attacks on shipping in the Red Sea, which are forcing ships
Maersk Line Limited, operator of the largest U.S. flag commercial fleet, has settled with the U.S. Department of Labor, agreeing to change its safety reporting
Maersk has confirmed the death of a crew member onboard its chartered containership, Maersk Frankfurt. The Indian Coast Guard (ICG) continues to fight the fire
Update (July 20): The Indian Coast Guard reports some progress in fighting the fire. Full update at bottom. A newbuild containership chartered by Maersk has
The fallout from the Red Sea crisis continues to cascade globally, creating significant challenges for supply chains, according to a recent market update from
(Bloomberg) — Some of the biggest names in shipping are betting billions of dollars on tankers to transport a type of ammonia that’s scarcely being
A global operational alliance between two of the world’s largest container shipping companies will not go into effect next week due to a need for more
Maersk highlighted significant challenges posed by the ongoing Red Sea situation, which has forced ships to divert around Africa, increasing costs and
SFL Corporation Ltd. (NYSE: SFL) announced today the agreement of new 5-year time charters for four 8,700 TEU container vessels, adding approximately $240
By Eyk Henning, Dinesh Nair and Sara Sjolin (Bloomberg) — A.P. Moller-Maersk A/S withdrew its bid for DB Schenker, the logistics unit of Deutsche Bahn
By Martina Li in Taiwan (The Loadstar) – As liner operators become desperate for ships, charter rates have hit the $150,000/day mark. Maersk Line has
The Federal Maritime Commission has opened a 12-day comment period for public response to Maersk and Hapag Lloyd’s new vessel sharing agreement, called
By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S, a bellwether for global trade, said the world’s supply lines are more impacted than
A.P. Moller-Maersk A/S (APMM) sees worsening port congestion, especially in the Middle East and Asia, and further increases in container freight rates thanks
Shipping giant Maersk announced on Monday significant delays in vessel schedules due to severe terminal congestion in Mediterranean and Asian ports. The
By Paul Burkhardt (Bloomberg) — A.P. Moller – Maersk A/S said a successful rival bidder fell short of tender requirements as it seeks to overturn
COPENHAGEN, May 6 (Reuters) – Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the
A.P. Moller – Maersk has revised its financial guidance for 2024 after a strong Q1. The company now expects an underlying EBIT of USD -2.0 to 0.0 billion
ABUJA, April 28 (Reuters) – Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company
Offshore wind turbine manufacturer Vestas has signed a Memorandum of Understanding with A.P. Moller-Maersk, Jeonnam Province, and Mokpo City for supply chain
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