In an article by Financial Times the Danish conglomerate AP Møller-Maersk has delivered a damning assessment of the state of the container shipping sector by signalling it will switch investment to its other businesses.
Nils Andersen, chief executive, told the Financial Times that the group would no longer invest large amounts in Maersk Line, the world’s biggest operator of container ships with a 16 per cent market share, and would instead focus on its oil, drilling rigs, and ports divisions.
W R Systems, Ltd (WRSystems) has been asked to supply its EmsysTM laser-based Emissions Monitoring System (EMS) for the purpose of emission verification for an ongoing fuel trials on-board the AP Moller-Maersk vessel Maersk Kalmar. WRSystems was asked to provide the EmsysTM system installation as part of a wider project between Maersk Line Limited (Maersk)…
Daily Maersk, Maersk Line’s new service on the Asia–North Europe trade lane, will dramatically change the way shipping is done. It offers a daily cut-off at the same time every day, seven days a week, and always with the exact same transportation time. Containerised cargo will now be delivered with unprecedented frequency and reliability. A daily service between Asia…
The A.P. Moller – Maersk Group has joined the World Ocean Council to support global leadership and collaboration on ocean sustainability. Copenhagen, Denmark – Through its signatory to the World Ocean Council, Maersk supports the efforts to promote sustainable development and stewardship through collaboration across private sector industries. The World Ocean Council is the only…
Maersk Drilling, a business unit within the A.P. Moller- Maersk group, has declared its option to build two ultra deepwater drillships at Samsung Heavy Industries in South Korea. The drillships are scheduled for delivery in the second and third quarters of 2014, respectively. The total project cost for the two drillships is approximately USD 1.3…
Maersk Tankers purchases 3 VLCCs from Great Eastern Shipping Company
Seeking to profit from increasing deepwater drilling exploration activities, Maersk Drilling is investing USD 1.3 billion in its first two ultra-deepwater drillships, which will complement existing deepwater assets and boost services to customers.
As part of Maersk Line’s drive to cut sulphur emissions from its fleet towards zero, the shipping line continues to expand on its fuel-switch implementations. On tuesday 8 March the programme was implemented in New Zealand.
Maersk Group today presents a profit of USD 5 billion. “Our people have done a truly great job,” says Group CEO Nils S. Andersen. In 2011, the Group will focus on expanding business and maintaining high profitability.
Maersk Line has signed a contract for 10 of the world’s largest, most efficient container vessels with an option to buy another 20. The vessels will have a capacity of 18,000 TEU and will be delivered from Korea’s DSME shipyard from 2013 to 2015.