Maersk slipping to third place, as MSC set to expand fleet lead

According to Sea-Intelligence, when projecting the future fleet sizes of shipping lines, it’s common to add the current fleet size to the size of the orderbook. However, this approach oversimplifies the dynamics, as shipping lines engage in various strategies such as trading in the second-hand market and adjusting their use of chartered vessels.

A more comprehensive method involves analyzing the fleet adjustment strategies of individual shipping lines in recent years. Customers can better...

Maersk reports Q1 results in line with expectations despite Red Sea crisis

Maersk’s first-quarter performance aligned with the company’s expectations, reflecting a notable earnings rebound from Q4 2023.

The positive results were propelled by Terminals’ solid performance and a confluence of factors including increased demand and the ongoing Red Sea crisis, according to the statement.

With these conditions anticipated to persist through the latter half of the year, Maersk has adjusted its guidance range, now anticipating underlying EBIT in the range of US$ -2 to 0 billion.

Nigeria unveils Maersk’s massive port investment; No confirmation from Maersk

A.P. Moller-Maersk is reportedly poised to embark on a substantial US$600 million investment in Nigerian port facilities.

Nigerian President, Bola Tinubu, has indeed announced that it has secured the significant investment by the Danish shipping giant, but Maersk has officially not confirmed the investment decision.

“We are not able to comment on any investment talks,” a Maersk spokesperson told Container News.

“We have been present in Nigeria for 35 years and, as a global provider of logistics...

Maersk implements peak season surcharges worldwide

To ensure the continued provision of its global services, Maersk will be introducing a Peak Season Surcharge (PSS) for shipments from Brunei, Vietnam, Indonesia, Cambodia, Laos, Myanmar (Burma), Malaysia, Philippines, Singapore, Thailand, and Timor Leste to Dar es Salaam in Tanzania.

This surcharge will be effective from 6 May and will apply to dry, reefer and 45 high dry containers.

Charge name Origin Destination Rate basis Container Rate

Peak Season Surcharge

Brunei, Vietnam,...

Maersk and MSC ships suffer second Houthi attack after two weeks

Houthi rebels made repeat attacks on container ships owned by Maersk and MSC, nearly two weeks after those same vessels were targeted.

On 24 April, the US-flagged 2,500 TEU Maersk Yorktown was targeted, but the anti-ship ballistic missile (ABSM) was shot down by the US military.

The US Central Command said that at 11:51 am Yemen time on 24 April 24, its vessel took down the ABSM that was launched from Iran-backed Houthi-controlled areas in Yemen over the Gulf of Aden.

Maersk Yorktown, which...

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