TradeLens expands to China

TradeLens, the blockchain platform developed by AP Moller – Maersk and IBM, has partnered with China Unicom Digital Tech for its official commercialisation in China.

The subsidiary of the global telecommunication service provider China Unicom will host and operate TradeLens in the Chinese Mainland, making it available to global exporters and importers in China, along with other supply chain partners.

Maersk estimates that one in three export containers is from China and one in six import...

https://container-news.com/tradelens-expands-to-china/

GMS Praises Maersk Despite Criticism From Danish Government

Trade group Danish Shipping wants a bilateral deal between the EU and India to lift environment and safety standards at breakers’ yards in South Asia, where almost 90% of ships are recycled, reports Lloyd’s List.

Accusations

Industry groups defend Maersk’s record on shipbreaking after Danish government says it will investigate the reflagging and recycling of four ships at Alang, India.

Nikos Mikelis, non-executive director at GMS, which buys ships for scrapping, said Maersk deserved praise for...

https://mfame.guru/gms-praises-maersk-despite-criticism-from-danish-government/

‘The best quarter ever’ for container shipping giant Maersk

Maersk

As the saying goes: “Never let a good crisis go to waste.”

Before COVID struck, AP Moller-Maersk embarked on a transformation to become a global end-to-end logistics provider. The pandemic created an unexpected and unprecedented surge in cargo demand — which Maersk is now using to accelerate its transformation.

Unlike some other carriers that are increasing their exposure to the red-hot spot market, Maersk is going in the opposite direction: increasing long-term contract exposure, including more...

https://www.freightwaves.com/news/the-best-quarter-ever-for-container-shipping-giant-maersk

High rates boost Maersk Q1 earnings

Increased freight rates caused by strong demand coupled with significant operational challenges such as bottlenecks, lack of capacity and equipment shortages in global supply chains led Maersk to earnings and growth across all its businesses in ocean, port services and logistics during the first quarter of the year.

Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of the Danish carrier increased to US$4 billion and EBIT to US$3.1 billion, while revenue improved by 30% to...

https://container-news.com/high-rates-boost-maersk-q1-earnings/

Maersk To Increase Full-year Earning To 43%

Maersk has upgraded its full-year earnings forecast by 43% and predicts the exceptional market situation, says an article published by The Loadstar.

Ocean volumes increased by 5.7%

In a trading update ahead of the release of its Q1 results next week, the Danish transport group reported an EBITDA level of $3.1bn from revenues of $12.4bn – up 106% and 71%, respectively, in the same period of 2020.

Maersk said, “Volumes in Ocean increased by 5.7% and average freight rates improved 35% in Q1 21,...

https://mfame.guru/maersk-to-increase-full-year-earning-to-43/

Maersk: Ειδικό σιδηροδρομικό δρομολόγιο για τη μεταφορά self-tests

Σύμφωνα με ανακοίνωση που εξέδωσε η Maersk, ξεκίνησε από την Xiamen της Κίνας το ειδικό σιδηροδρομικό δρομολόγιο που μεταφέρει σαράντα εμπορευματοκιβώτια φαρμακευτικού φορτίου για το Ηνωμένο Βασίλειο. Η εν λόγω εμπορευματική αμαξοστοιχία θα κάνει στάση στο Ντούισμπουργκ της Γερμανίας και από εκεί τα φορτία θα μεταφερθούν μέσω φορτηγών στο Ηνωμένο Βασίλειο στις αρχές Μαΐου.

«Είμαστε υπερήφανοι που κερδίζουμε την εμπιστοσύνη των πελατών, καθώς η μεταφορά φαρμακευτικών φορτίων απαιτεί επιπρόσθετη...

https://www.naftikachronika.gr/2021/04/30/maersk-eidiko-sidirodromiko-dromologio-gia-ti-metafora-self-tests/

Maersk Reports Revenue Of $12.4 billion For Q1 2021

Maersk significantly increased full year profit expectations as it reported revenues of $12.4bn for Q1 2021 with an EBITDA of $4bn and an underlying EBIT of $3.1bn for the three-month period, says an article published in its website.

Maersk on Q1 result

The company said, “Consequently, given the result in Q1 2021 and the exceptional market situation now expected to continue well into the fourth quarter of 2021. Trading conditions for the quarters ahead remain subject to a higher than normal...

https://mfame.guru/maersk-reports-revenue-of-12-4-billion-for-q1-2021/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.