Maersk has called off the most voyages after drop in demand

A.P. Moller-Maersk tops the lits of carriers that have pulled vessels off of shipping routes as a reaction to the declining market.

Maersk reveals design of its new sustainable vessel

Carriers need to diminish their pollution in the coming years. As such, they are searching for a fuel to replace regular bunker oil. | Foto: Christian Charisius/AP/Ritzau Scanpix

Methanol could become the preferred fuel for new vessels already in 2023

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Maersk chair had nothing to do with carrier divestment due to double role

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OECD: Questionable whether state support for shipping benefits society

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Supply of boxes back to levels supporting shippers on less busy routes

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Employees of Evergreen receive up to five years' pay in bonuses
The carrier has already once before given bonuses of up to 50 times the monthly salary to select employees.
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Freight rates out of China increase after nine-week-long plummet
The leading Shanghai Containerized Freight Index increased this week after nine weeks of falling.
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Maersk to share millions of reefer data with customers and partners
Customers with perishable goods will be able to follow e.g. temperature and humidity data from reefers via an updated IT solution.
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Opinion: Carriers are in the midst of a downturn – and their different reactions provide a strong indication of the future
There are big differences as to how container carriers have tried to get through the collapse in freight prices in late 2022, writes Lars Jensen.
Wan Hai to pay fine in USA for pandemic fees
The shipping company has reached a settlement with the US Federal Marine Commission in a case of customer complaints due to extra fees in 2021.
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MSC's container capacity is half a million above Maersk's
About a year after MSC narrowly usurped Maersk’s throne as the world’s largest box carrier, the Swiss-Italian company gains even more ground on its Danish 2M Alliance partner.
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Analysts: There is risk of prolonged downturn for carriers
Freight rates have returned to levels found prior to pandemic. Even though the worst decreases have been curbed, there is risk of a long-term downturn, analysts warn.
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Evergreen increased profits by 40 percent
Taiwan-based Evergreen saw its bottom line increase markedly in 2022 in comparison to 2021, but profit propulsion ended in Q4.
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Maersk and MSC discontinue service offer on main route
The route is part of the 2M Alliance and has been suspended since December, as demand on freight had been declining for some time.
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ONE orders ten vessels capable of sailing on green fuels
Another shipping company has increased its orders of vessels capable of sailing on methanol and ammonia.
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CMA CGM becomes co-owner of French ferry company
The box carrier is exchanging a loan of EUR 25m for an increased shareholding in the French ferry company Brittany Ferries.
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DSV hit by massive claim from retail chain in Denmark
Flying Tiger Copenhagen is now revealing the size of its claim against DSV in a court case that emerged during the pandemic’s logistics chaos.
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Retail giants launch new alliance for green sea freight
During 2023, companies like Amazon and Patagonia will search for solutions to how their goods could be transported without emitting greenhouse gasses from 2025 or 2026.
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World's largest box ship heading for Europe on maiden voyage
MSC will take the title of owner of the world’s largest box ship with MSC Irina and its capacity of 24,346 teu.
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Zim expects earnings to plummet in 2023
Israeli box carrier Zim saw decreased earnings in 2022 when compared to 2021. This year, the earnings are likewise expected to drop significantly.
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Companies predict new trade patterns and increased global uncertainty
Africa will have an important role in globalization in coming years, predict the chief executives from Kuehne +Nagel, Hapag-Lloyd and BASF.
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Maersk opens first freight route to Ukraine since war began
Maersk-subsidiary Sealand will send a weekly vessel to the Ukrainian port city of Reni.
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Asia was alone in reestablishing box freight after Covid
Asia was the primary factor in recovering box freighting after Covid, and as demand for shipping freight out of Asia is now declining, making for a total market collapse, Sea-Intelligence estimates.
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Navigare Capital Partners sells container vessel to German company
The investment firm, which manages assets for multiple Danish pensions funds, purchased the ship in 2017.
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Japanese shipping group aims to expand in containers and logistics
In a new strategy, owner of shipping company ONE maintains that the group will pursue growth in developing nations as demand for transportation of goods increase. Consolidation is part of the plan.
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