Maersk

MSC ‘returns to its roots’ with $260m spend on second-hand vessels

Geneva-headquartered shipping line MSC is “going back to its roots” with its recent purchase of 16 second-hand box ships, according to Alphaliner.
It was alluding to the first 25 years of MSC’s existence, when the carrier grew rapidly through second-hand vessel acquisitions before receiving its first newbuildings in 1996.
In the past four months, MSC has splashed over a quarter of a billion dollars on second-hand boxships as it prepares to usurp …

The post MSC ‘returns to its roots’ with $260m...

https://theloadstar.com/msc-returns-to-its-roots-with-260m-spend-on-second-hand-vessels/

Maersk veteran Soren Toft begins a new chapter as CEO of MSC

Former Maersk chief operating officer Soren Toft (pictured above) today begins his new job as chief executive at MSC.
He will report directly to group president Diego Aponte and founder and chairman Gianluigi Aponte.
Mr Toft will oversee MSC’s global cargo businesses, including ocean liner and logistics, and will also be a member of the board of directors of Terminal Investment Ltd (TiL), the terminals business majority-owned by MSC.
With over two decades …

The post Maersk veteran Soren Toft...

https://theloadstar.com/maersk-veteran-soren-toft-begins-a-new-chapter-as-ceo-of-msc/

Major Carriers Push EU for Free Emission Allowances

  • European Commission prepares revision of the EU carbon market with shipping in it.
  • Major carriers push the EU for free emission allowances.
  • The two companies also warn against including voyages beyond the EU.

Maersk and CMA CGM call on the EU to award free allowances to the shipping lines, if the EU decides to include shipping in its Emission Trading System, reports Lloyd’s List. 

Request from carriers

As the European Commission prepares for its revision of the EU carbon market with shipping in...

https://mfame.guru/major-carriers-push-eu-for-free-emission-allowances/

Maersk and California truckers work on Pacific peak season challenges

Maersk is collaborating with the California-based Harbor Trucking Association (HTA) to manage the 2020 transpacific peak season, which has created challenges for many landside logistics providers.

HTA’s membership of more than 15,000 truck drivers performs the important role of harbor trucking from ports to warehouses and distribution centres, which is essential to supply chain success, according to Maersk.

“Every week brings new volumes, new challenges and opportunities so it is essential we...

https://container-news.com/maersk-and-california-truckers-work-on-pacific-peak-season-challenges/

As shipping’s ‘seasonal lull’ remains anything but, rollovers continue to climb

Container rollovers at the world’s leading transhipment ports began to climb again last month, according to new research from tracking data provider Ocean Insights.
After a global decline in rollovers during September, there were increasing numbers of shipments missing their scheduled loadings with almost every carrier.
“This is supposed to be container shipping’s seasonal lull after the summer peak season,” said Josh Brazil, chief operations officer at Ocean Insights.
“But on some tradelanes, …

https://theloadstar.com/as-shippings-seasonal-lull-remains-anything-but-rollovers-continue-to-climb/

Cargo Demand Rose As Maersk Rolls Out 1 in 3 Shipments

According to a Supply Chain Dive article written by Matt Leonard cargo rollovers have risen just in time for Maersk new rolls. 

  • The rate of rolled cargo at transshipment ports increased in October to nearly 29%, up from almost 27% in September and more than 22% in October 2019, according to figures in an emailed release from Ocean Insights, a company that tracks containers.
  • MSC’s rollover ratio increased to nearly 23% in October from more than 16% in September, while Maersk’s ratio rose to more...

https://mfame.guru/cargo-demand-rose-as-maersk-rolls-out-1-in-3-shipments/

INEOS, Wintershall Dea and Maersk Drilling consortium gets certification for CO2 storage at Nine West field

The Project Greensand consortium of INEOS Oil & Gas Denmark, Wintershall Dea and Maersk Drilling has been issued a certification of feasibility by DNV GL for the storage of CO2 at the Nine West reservoir in the Danish North Dea. DNV GL’s Carbon Capture and Storage certification is the first step...

https://splash247.com/ineos-wintershall-dea-and-maersk-drilling-consortium-gets-certification-for-co2-storage-at-nine-west-field/

[Watch] Maersk To Launch a $1.6 B Buyback Program



A.P. Moller-Maersk A/S Chief Executive Officer Soren Skou discusses container volumes and freight rates after the world’s biggest container shipping company said its finances are strong enough to launch a $1.6 billion share buyback program.

Disclaimer: This video is intended for informational purpose only. This may not be construed as a news item or advice of any sort. Please consult the experts in that field for the authenticity of the presentations.

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https://mfame.guru/watch-maersk-launches-1-6-b-buyback/

Maersk Marine Fuel Consumption Down by 6.5%

  • Shipping and logistics giant Maersk, the largest consumer of bunker fuel in the world, saw a 6.5% drop in its marine fuel consumption in the third quarter.
  • The company consumed a total of 2.621 million mt of bunkers in the third quarter.
  • It is down from the 2.803 million mt total for the same quarter of 2019 but up from the 2.333 million mt reported for the second quarter of this year.

According to a Ship and Bunker news report, the bunker fuel consumption by Maersk is down by 6.5% in the...

https://mfame.guru/maersk-marine-fuel-consumption-down-by-6-5/

More misery for UK importers: Maersk hikes import haulage tariff on Brexit Day

Maersk has announced plans to increase its import haulage tariff for the UK and Ireland on 1 January, as freight rates continue to spike by “crazy” amounts.
The timing could not be more inopportune, adding further misery to importers and a port sector bracing itself for what is expected to be “utter chaos” in the new, and as yet unknown, trade regime between the EU and the UK.
Maersk said the “adjustment” …

The post More misery for UK importers: Maersk hikes import haulage tariff on Brexit Day...

https://theloadstar.com/more-misery-for-uk-importers-maersk-hikes-import-haulage-tariff-on-brexit-day/

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