A.P. Moller-Maersk

Maersk Q3 profits rise despite modest container volume gains

Higher freight rates more than offset modest container volume gains as A.P. Moller-Maersk saw revenue and profits improve in the third-quarter.

Ocean segment revenue increased to $15.8 billion in the quarter ended Sept. 30 from $12.1 billion in the year-ago quarter, the Copenhagen, Denmark-based parent of liner operator Maersk said in an earnings release. Earnings before interest and taxes of $2.8 billion reversed a loss of $27 million on disruptions to shipping from attacks by Yemen-based...

https://www.freightwaves.com/news/maersk-q3-profits-rise-despite-modest-container-volume-gains

Maersk Q3 earnings: First look

Higher ocean freight rates and container volumes helped drive a 41% gain in ocean shipping revenue for A.P. Moller-Maersk in the third quarter.

The Denmark-based parent (CPH: MAERSK-B.CO) of Maersk shipping line and APM Terminals said the strong quarter along with a robust container market and continued disruptions to Red Sea shipping led it to upgrade its full-year 2024 guidance from Oct. 21 of underlying earnings before interest and taxes to $5.2 billion-$5.7 billion from $3 billion-$5 billion.

https://www.freightwaves.com/news/maersk-q3-earnings-first-look

Strong ocean container market boosts Maersk guidance

The corporate parent of ocean carrier Maersk updated its guidance for third-quarter financial results, and the numbers are eye-popping.

Copenhagen, Denmark-based A.P. Møller-Maersk A/S (CPH:MAERSK.A) in a release said that, based on preliminary unaudited figures, it will report revenue of $15.8 billion, underlying earnings before interest, taxes, depreciation and amortization of $4.8 billion and underlying earnings before interest and taxes of $3.3 billion for the third quarter of 2024.

“On the...

https://www.freightwaves.com/news/strong-ocean-container-market-boosts-maersk-guidance

Industry task force wins double AiP for ammonia-fueled containership design

ammonia-fueled containership

A design for an ammonia-fueled containership has been awarded Approval in Principle by classification societies ABS and Lloyd’s Register (LR). The design has been developed by a cross-industry task force led by the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping and whose other members include A. P. Møller-Mærsk, MAN Energy Solutions, Deltamarin, Eltronic FuelTech, and the two classification societies.

The design outlines a commercially viable and safe ammonia-fueled 3,500 TEU container...

https://www.marinelog.com/legal/environment/industry-task-force-wins-double-aip-for-ammonia-fueled-containership-design/

VESSEL REVIEW | Ane Mærsk – Methanol-powered boxship boasts 16,000TEU capacity

Ane Mærsk, a new methanol-fuelled containership acquired by A.P. Moller Maersk

Danish shipping company A.P. Moller Maersk recently took delivery of a new ultra-large containership (ULCS) built by HD Hyundai Heavy Industries of South Korea. The vessel has been named Ane Mærsk in honour of Ane Mærsk Mc-Kinney Uggla, mother of A.P. Moller-Maersk’s current Chair Robert Maersk...

https://www.bairdmaritime.com/shipping/boxships/vessel-review-ane-maersk-methanol-powered-boxship-boasts-16000teu-capacity/

Maersk commemorates 120 years of history

Today marks the 120th anniversary of the Danish shipping company A.P. Moller – Maersk. The firm highlighted its remarkable evolution from humble origins in Svendborg, Denmark, to a global transportation giant.

Maersk historian Henning Morgen showed off some of the Maersk highlight items, exploring the company’s heritage and uncovering some of the milestones that have shaped Maersk, from entering liner shipping in 1928 to the introduction of its first large methanol-enabled vessel in 2024.


...

https://container-news.com/maersk-commemorates-120-years-of-history/

Plaquemines Port and APM Terminals have plans for major new container terminal

Back in May 2021 Louisiana’s Plaquemines Port Harbor and Terminal District (Plaquemines Port) reported that it had reached an agreement to work together with the Maersk Group’s port operations unit, APM Terminals, to discuss the future design of the port. Now it has inked a letter of intent with APM Terminals to build a state-of-the-art container terminal on the West Bank of Plaquemines Parish, La., United States.

APM Terminals is one of the largest terminal operators in the world and currently...

https://www.marinelog.com/inland-coastal/ports-terminals/plaquemines-port-and-apm-terminals-have-plans-for-major-new-container-terminal/

Maersk moves to line up Yokohama green methanol supply

A.P. Moller-Maersk (Maersk) has signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical (MGC). The collaborative agreement will focus on the development of a Yokohama green methanol bunkering infrastructure as Maersk’s 16,000 TEU green methanol-fueled container vessels start deliveries from 2024.

Maersk aims to achieve net-zero emissions by 2040 throughout its entire business. This will see it powering its 25 container vessels with dual-fuel engines...

https://www.marinelog.com/legal/environment/maersk-moves-to-line-up-yokohama-green-methanol-supply/

Maersk inks MoU with City of Yokohama and Mitsubishi Gas Chemical

A.P. Moller-Maersk has officially signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical (MGC).

This collaborative effort is centered around the development of green methanol bunkering infrastructure in Yokohama, in conjunction with Maersk’s plan to introduce 16,000 TEU green methanol-powered container vessels starting in 2024. The partnership underscores a shared commitment to sustainability and the collective transition toward a greener future.

Maersk,...

https://container-news.com/maersk-inks-mou-with-city-of-yokohama-and-mitsubishi-gas-chemical/

WEF: MOL, Maersk showing readiness to procure green fuels but price gap remains main barrier to decarbonization

On the margins of COP28, shipping companies Mitsui O.S.K. Lines (MOL) and Maersk are actively sending a signal of readiness to procure green fuels and drive economies of scale.

The post WEF: MOL, Maersk showing readiness to procure green fuels but price gap remains main barrier to decarbonization...

https://www.offshore-energy.biz/wef-mol-maersk-showing-readiness-to-procure-green-fuels-but-price-gap-remains-main-barrier-to-decarbonization/

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