AP Moller Maersk

Maersk sells remaining shares in Norway’s Hoegh Autoliners

Danish shipping company AP Moller-Maersk has sold 20 million shares in Norway’s Hoegh Autoliners, cutting its holding to zero, according to a stock exchange filing.

The sale at a price of 90 Norwegian crowns (US$8.43) per share represented approximately 10.48% of the share capital and votes in Hoegh Autoliners, said the Norwegian RoRo transportation service provider.

Therefore, Maersk sold all of its shares in the Scandinavian car carrier for 1.8 billion Norwegian crowns (around US$170 million).

On...

https://container-news.com/maersk-sells-remaining-shares-in-norways-hoegh-autoliners/

Maersk’s weak earnings expose integration strategy failure

The drastic drop in AP Moller-Maersk’s 2Q 2023 earnings shows that the Danish group’s strategy of integrating shipping and logistics has flopped, while its passive fleet expansion has resulted in losing market share to its competitors, according to Linerlytica’s latest report.

Maersk’s net profit in the second quarter of the year fell to US$1.5 billion, from US$8.6 billion in 2Q 2022. In addition, the company’s turnover across its operations declined to US$13 billion, from US$21.7 billion in the...

https://container-news.com/maersks-weak-earnings-expose-integration-strategy-failure/

Green Ammonia Feasibility Study Launched By US East Coast Ports

Credit: Arjan van den Berg/Unsplash

The increasing promise of green ammonia in the maritime industries is rapidly being recognised. Now some major players in the maritime industry have inked a Memorandum of Understanding (MoU) to undertake a feasibility study of green ammonia to fuel ships operating on the east coast of the United States.

A Promising Alternative

Ammonia is a promising alternative marine fuel for reducing greenhouse gas emissions in the shipping industry. It does not emit CO2 when...

https://mfame.guru/green-ammonia-feasibility-study-launched-by-us-east-coast-ports/

Alphaliner: APM Terminals se beneficia de precios más altos de almacenamiento de contenedores

Pese un aumento modesto en los volumenes de contenedores, APM Terminals se beneficia de precios más altos de almacenamiento de contenedores, reporta Alphaliner

Esta entrada Alphaliner: APM Terminals se beneficia de precios más altos de almacenamiento de contenedores Aparece primero en FullAvanteNews.

https://fullavantenews.com/alphaliner-apm-terminals-se-beneficia-de-precios-mas-altos-de-almacenamiento-de-contenedores/?lang=es

TradeLens global data-sharing platform shuttering

A.P. Moller – Maersk and IBM announced Tuesday the dissolution of the blockchain-enabled TradeLens platform. 

“TradeLens was founded on the bold vision to make a leap in global supply chain digitization as an open and neutral industry platform. Unfortunately, while we successfully developed a viable platform, the need for full global industry collaboration has not been achieved. As a result, TradeLens has not reached the level of commercial viability necessary to continue work and meet the...

https://www.freightwaves.com/news/tradelens-global-data-sharing-platform-shuttering

Switching To Ammonia And Methanol Boxships More Economical, Report Says

  • Converting boxships to methanol & ammonia is feasible and cost-effective.
  • Maersk Mc-Kinney Møller Center for Zero Carbon Shipping iterated citing findings of a new report.
  • Numerous questions remain to be answered.

As the industry moves to decarbonize its fleet, numerous questions remain to be answered on the best pathways for shipowners given the uncertainty in relation to the future fuel landscape. In such a scenario, Maersk Mc-Kinney Møller Center for Zero Carbon Shipping cites findings of a...

https://mfame.guru/switching-to-ammonia-and-methanol-boxships-more-economical-report-says/

M&A radar: MSC & Lufthansa go for legacy Alitalia – just sublime

At The Loadstar Towers, we could barely contain our excitement yesterday when news broke that MSC Group and Lufthansa were going for ITA Airways, the ‘rejuvenated’ Alitalia (whatever is left of it), Italy’s flag carrier.
Which smells of sensational deal-making – strategic, too?
Uhmm 
“Today MSC Group has expressed to the Italian Government its interest in acquiring a majority stake in ITA Airways,” the statement read, adding that Germanys’ Lufthansa, the “project’s industrial partner”, …

The...

https://theloadstar.com/ma-radar-msc-lufthansa-go-for-legacy-alitalia-just-sublime/

Analysis: Mærsk – the vertical consolidation bluff

Hardly a day goes by when the risk of the ocean carriers invading the freight forwarding space, one way or another*, seems to become more real.
(*Either cutting out or simply trying to replace the middleman’s services with their own, if/when asset-light services are added to their offering mix via M&A.)
Background 
And while the narrative is the one promoted by the the most prominent container logistics integrator AP Møller-Mærsk (APMM) in May …

The post Analysis: Mærsk – the vertical...

https://theloadstar.com/analysis-maersk-the-vertical-consolidation-bluff/

Maersk space ban means ‘a dark future’, maybe the end, for small forwarders

“Thousands” of small freight forwarders fear for their survival following Maersk’s decision to offer them only its Maersk Spot product.
The loss of the vast majority of Maersk’s capacity has led to some “4m teu looking for a new home”, according to one major forwarder.
Larger forwarders have secured long-term contracts with other lines, but smaller forwarders are unable to follow suit.
“The common problems for forwarders are space and rates,” said one European company. …

The post Maersk space...

https://theloadstar.com/maersk-space-ban-means-a-dark-future-maybe-the-end-for-small-forwarders/

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