A.P. Møller – Mærsk A/S

Maersk Predicts 2.5% Global Trade Contraction In 2023

Credit: guillaume-bolduc-unsplash
  • The ‘overconsumption of goods’ is now leading to a ‘sharp correction’ in demand, the Danish company said in a report.
  • A.P. Moller-Maersk A/S, a bellwether for global trade, said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.

Maersk sees global trade contracting as much as 2.5% in 2023, states a Money Web news source.

Shipping market has normalised after two years

The shipping market has normalised...

https://mfame.guru/maersk-predicts-2-5-global-trade-contraction-in-2023/

Key maritime companies sign MoU to develop ammonia supply chain

Five major maritime companies signed a Memorandum of Understanding (MoU) today that will see the companies explore the possibility of establishing a green ammonia supply chain for the supply of carbon-neutral fuels at the Port of Singapore.

A.P. Moller – Maersk A/S, Fleet Management Limited, Keppel Offshore & Marine, Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, Sumitomo Corporation and Yara International ASA are to conduct a joint feasibility study into the development of...

https://container-news.com/key-maritime-companies-sign-mou-to-develop-ammonia-supply-chain/

Shipping Costs Drive Manufacturers To Fight Rising Prices

  • An ongoing surge in the cost of shipping goods around the world is prompting manufacturers and their customers to scramble for cheaper solutions.
  • Exporters, importers and their agents consider buying their own shipping containers and chartering vessels to avoid the sky-high costs and delays of existing services.
  • Most of the 25 million containers in global use are owned or leased by about a dozen ocean carriers including A.P. Moller-Maersk A/S and China’s Cosco Shipping Holdings Co.

A recent...

https://mfame.guru/shipping-costs-drive-manufacturers-to-fight-rising-prices/

Cargo Ship Attacked, Rising Piracy Risk

A container ship owned by A.P. Moller-Maersk A/S was attacked off the West African coast, prompting the company to warn of a rising risk from piracy in the area, says an article published in Bloomberg.

What Happened

“The Maersk Cadiz was boarded by criminals on Saturday at about 2:30 p.m. Nigeria time while traveling from Tema in Ghana to Kribi in Cameroon”, Maersk said in a statement.

Nigerian naval ships have arrived to help the vessel, which can transport the equivalent of as many as 4,500...

https://mfame.guru/cargo-ship-attacked-rising-piracy-risk/

Cargo Ship Attacked, Rising Piracy Risk

A container ship owned by A.P. Moller-Maersk A/S was attacked off the West African coast, prompting the company to warn of a rising risk from piracy in the area, says an article published in Bloomberg.

What Happened

“The Maersk Cadiz was boarded by criminals on Saturday at about 2:30 p.m. Nigeria time while traveling from Tema in Ghana to Kribi in Cameroon”, Maersk said in a statement.

Nigerian naval ships have arrived to help the vessel, which can transport the equivalent of as many as 4,500...

https://mfame.guru/cargo-ship-attacked-rising-piracy-risk/

Maersk and Panama Canal enter Global Alliance

A.P. Moller – Maersk A/S and the Panama Canal Authority are the latest entities to join the IMO-supported Global Industry Alliance to Support Low Carbon Shipping (GIA). The GIA now has 18 members, including leading shipowners and operators, classification societies, engine and technology builders and suppliers, big data providers, oil companies and ports.

The new members signed up to the GIA during the fifth meeting of the GIA Taskforce at IMO Headquarters in London, United Kingdom (15 March).


https://container-news.com/maersk-panama-canal-enter-global-alliance/

$8 Billion payout from Maersk raises questions

Shareholders in the world’s biggest container-shipping company may get up to $8 billion in payouts next year, according to Goldman Sachs.

That’s great news for equity investors in A.P. Moller-Maersk A/S, but it raises a number of questions for the Danish company’s creditors.

According to Danske Bank, big shareholder rewards will push Maersk’s credit rating closer to junk. And going forward, the company will have a hard time making enough money to protect its BBB rating because trade conflicts...

http://container-news.com/8billion-payout-maersk-raises-questions/

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