Cash-rich Maersk revealed yesterday it has started a 12-month share buyback program of up to DKK14.4bn ($2.01bn). The purpose of the program is to adjust the capital structure of the company ultimately through the cancellation of shares repurchased, Maersk stated in a release. The Danish liner is...
https://splash247.com/maersk-commences-2bn-share-buyback-program/
Maersk said on Wednesday it has initiated a share buyback program of up to 14.4 billion Danish crowns ($2.01 billion), which will be executed over a period of 12 months.
https://gcaptain.com/maersk-launches-2b-share-buyback-program/
DP World Southampton has received its first ship arrival under the Gemini Cooperation agreement announced in November last year.
The 2014-built boxship Leonidio docked at the Southampton logistics hub on 3 February as part of its first rotation on the Gemini Transatlantic AL1/AT3 service, and will continue at the ports of Rotterdam, Hamburg, and Wilhelmshaven in Northern Europe before crossing the Atlantic to dock at New York, Philadelphia, Baltimore and Saint John in the United States and...
https://container-news.com/dp-world-southampton-handles-first-gemini-vessel/
Maersk Line and Hapag-Lloyd are reshuffling their container vessels as both operators launched Gemini Cooperation on 1 February.
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https://container-news.com/gemini-partners-reposition-their-fleets/
As demand for temperature-sensitive logistics continues to rise, driven by fresh fruits, proteins, and pharmaceuticals, Maersk is strengthening its global cold chain infrastructure.
The latest addition to its network of owned and leased cold storage facilities is a cutting-edge warehouse in Rotterdam, Netherlands.
“Our cold store significantly improves the speed and reliability in refrigerated supply chains, and hence the quality of temperature sensitive and frozen products on their way to...
https://container-news.com/maersk-cold-store-facility-rotterdam/
Ocean carrier Hapag-Lloyd sailed past supply chain disruptions in announcing preliminary full-year financial results for 2024.
The German company said based on preliminary and unaudited figures, group pre-tax earnings totaled $5 billion in fiscal 2024, up from $4.8 billion in 2023. Group operating earnings also improved slightly to $2.8 billion from $2.7 billion.
Both figures were at the upper end of the earnings forecast from October, the company said in a release.
The carrier, which is...
https://www.freightwaves.com/news/hapag-lloyd-2024-profit-navigates-disruptions
The container shipping industry faces major changes as Maersk and Hapag-Lloyd launch their Gemini Cooperation on Saturday, February 1, 2025. This new partnership aims to deliver industry-leading reliability of over…
Timing is everything, but as international ocean container lines ready the February launch of reorganized alliances and vessel-sharing agreements, a miasma of global events is sure to put pressure on carefully crafted business plans.
The reshuffle is headlined by a pair of notable carrier groupings.
The Premier Alliance of ONE, Yang Ming and HMM is the newly named version of the former THE Alliance, which Hapag-Lloyd departed to partner with Maersk.
ONE (Ocean Network Express) was formed in 2016...
Midnight tonight sees liner shipping go through its largest reshuffle in a decade as companies jump ship from existing alliances on the main east-west trades. THE Alliance will become the Premier Alliance, with Ocean Network Express (ONE), HMM and Yang Ming Marine Transportation as partners, and...
Yeosu-Gwangyang Port Authority (YGPA) says its marketing efforts have paid off as Gwangyang, South Korea’s third-busiest container port, is included in Gemini Cooperation’s line-up.
YGPA said that the port will have more connections to Europe, the United States and the Middle East, having reached out to MSC and Gemini, the alliance between Maersk Line and Hapag-Lloyd.
In particular, MSC’s Albatros service and Gemini’s A5 shuttle service will call at Gwangyang. Albatros will link Gwangyang to the...
https://container-news.com/yeosu-gwangyang-port-authority-scores/