Maersk

Maersk Loses Over $700 Million From Russia As It Shuts All Operations

Maersk vessel docked

Maersk had announced previously about its decision to cease operations in Belarus and Russia. On 2 May, the firm finished its last cargo operation at one of Russia’s ports. For its domestic operations in the two countries, Maersk mentioned that they are either being wound down or being divested. The wind-down, however, doesn’t permit any new business in Russia or Belarus.

As reported earlier, A.P. Moller – Maersk has decided to divest about 30.75% share of Global Ports Investments (GPI) that is...

https://www.marineinsight.com/shipping-news/maersk-loses-over-700-million-from-russia-as-it-shuts-all-operations/

Maersk in talks with possible buyers for stake in Global Ports

After its announcement about the shut down of its operations in Russia, Maersk said it has found possible buyers for its stake in the Russian port operator Global Ports Investments.

Although the Danish shipping company did not unveil names, it confirmed that it is in talks with several potential buyers, according to a Reuters report.

In mid-March, Maersk confirmed its decision to sell its shares, held through its subsidiary APM Terminals, in Global Ports due to Putin’s invasion of Ukraine. APM...

https://container-news.com/maersk-in-talks-with-possible-buyers-for-stake-in-global-ports/

China lockdowns are not causing shipping chaos, say liner CEOs

China COVID lockdowns container shipping

It was predicted that China lockdowns would cause container shipping havoc. Six weeks into Shanghai lockdowns, it still hasn’t happened. Two liner CEOs — Maersk’s Soren Skou and Matson’s Matt Cox — explained why.

“The port [of Shanghai] is open and operating,” said Skou on Wednesday’s quarterly earnings call. Trucking and warehouse disruptions “are slowing things down somewhat and we are seeing an impact on our volumes out of China, but probably less than we would have expected.

“The purchase...

https://www.freightwaves.com/news/china-lockdowns-not-causing-shipping-chaos-say-liner-ceos

Maersk reports “best earnings quarter ever”

A.P. Moller – Maersk (Maersk)may no longer be quite the world’s largest operator of containerships, but it continues to be a money machine, reporting record results for first quarter 2022 across all its businesses. Revenue was up 55% to $19.3 billion, EBITDA more than doubled to $9.1 billion and free cash flow increased to $6 billion.

“In Q1 we delivered the best earnings quarter ever in A.P. Moller – Maersk with growth across Ocean, Logistics and Terminals,” said CEO Søren Skou. “The increased...

https://www.marinelog.com/legal-safety/shipping/markets/maersk-reports-best-earnings-quarter-ever/

Maersk ceases all operations in Russia and Belarus

Maersk has announced the closure of its operations in Russia and Belarus due to the ongoing war in Ukraine.

The Danish company has already stopped all vessel operations in Russia and service with Belarus and it will gradually shut down all domestic operations. “The winddown does not allow for any new business in neither Russia nor Belarus,” pointed out Maersk.

The Copenhagen-based carrier confirmed the upcoming closure of its offices in Far East Russia, Novorossiysk and Kaliningrad during the...

https://container-news.com/maersk-ceases-all-its-operations-in-russia-and-moscow/

Maersk: Χαμόγελα για τα τριμηνιαία οικονομικά αποτελέσματα-ρεκόρ

Τα καλύτερα τριμηνιαία οικονομικά αποτελέσματα στην ιστορία του κατέγραψε ο δανέζικος κολοσσός των logistics A.P. Moller – Maersk (Maersk) απόρροια κυρίως των υψηλών ναύλων και «των ισχυρών μακροχρόνιων συνεργασιών με πελάτες οι οποίοι αναζητούν ολοκληρωμένες λύσεις μεταφοράς», όπως σημειώνεται χαρακτηριστικά στη σχετική ανακοίνωση.

Τα συνολικά έσοδα της εταιρείας το α’ τρίμηνο αυξήθηκαν κατά 55% στα $19,3 δισ. ενώ τα EBITDA υπερδιπλασιάστηκαν στα $9,1 δισ. Ειδικότερα σε ό,τι αφορά τις...

https://www.naftikachronika.gr/2022/05/04/maersk-chamogela-gia-ta-triminiaia-oikonomika-apotelesmata-rekor/

Søren Skou: Box rates and high level deals boost Maersk earnings

The continuing high freight rates and strong long-term partnerships have boosted Maersk’s results during the first quarter of the year according to the company’s CEO, Søren Skou, who stated, “the increased earnings are driven by freight rates and by contracts being signed at higher levels.”

A.P. Moller – Maersk has announced record results for the first three months of the year across its businesses, with revenue increasing by 55% to US$19.3 billion, earnings before interest, taxes,...

https://container-news.com/soren-skou-box-rates-and-high-level-deals-boost-maersk-earnings/

Maersk And APM Terminals Collaborate To Increase Efficiency Through Fixed Berthing Windows

Tema OT

Remarkable asset turn and operational efficiency improvements have been achieved on APM Terminals’ West Africa network primarily through the implementation of Fixed Berthing Windows. Fixed Berthing Windows were first launched mid-2021 at APM Terminals Apapa, followed by APM Terminals Onne (West African Container Terminal – WACT), MPS Tema, Ghana (APM Terminals joint venture facility) and APM Terminals Nouakchott in Mauritania later in 2021/22.

Fixed Berthing Windows were made possible due to a...

https://www.marineinsight.com/shipping-news/maersk-and-apm-terminals-collaborate-to-increase-efficiency-through-fixed-berthing-windows/

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