Maersk ready to accelerate its growth in logistics

After years of cautious expansion into logistics, Maersk is now ready to grow at least 10 percent a year, management said this week. In an interview with ShippingWatch, Vincent Clerc, CEO of Ocean & Logistics, lays out the thinking behind Maersk's growth strategy.

High freight rates in the North Atlantic after weak growth

Despite weak growth in freight traffic across the North Atlantic, freight rates have risen by more than a third in recent weeks as container carriers have shifted available tonnage to more lucrative routes in Asia and across the Pacific.

MSC charters 11 LNG-fueled container ships

Yet another container line opts for LNG as a fuel to propel its fleet. This time, the company is Maersk's alliance partner MSC, which charters 11 LNG-powered ships from Eastern Pacific.

Ikea denounces LNG as the fuel to decarbonize shipping

While an increasing number of carriers opt to include LNG vessels in their fleets, one of the world's largest shippers, Ikea, makes it clear that the liquefied natural gas is not the way to go for shipping companies to decarbonize.

Maersk books record result for the first quarter of 2021

Maersk books a record profit for the first quarter of 2021. The result for the period almost amounts to last year's full-year result. "A.P. Moller-Maersk delivered an exceptionally strong performance in Q1 2021 with record profit for the quarter," says CEO Søren Skou.

The container market upturn could last until 2024

The market for container transport is headed for a "new normal" with a market characterized by high freight rates in a cyclical upturn that could last for years, says analyst Lars Jensen. Both shippers and logistics companies could face hard times.

Seaspan delivers record fleet expansion

Seaspan, one of the world's largest suppliers of tonnage to container carriers, expanded its fleet like never before in the first quarter of 2021. The company's operating profit increased to USD 216 million.

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