Maersk News


Chinese Port Blast Raises Serious Safety Concerns for Container Shipping

Aug 09, 2024

A major explosion on board a containership berthed at the port of Ningbo-Zhoushan in China raises serious safety concerns, a shipping analyst said.The incident took place Friday, with video footage showing a massive explosion on board Taiwanese…

Maersk Anticipates Slower Growth Following Red Sea Crisis Surge

Aug 07, 2024

Maersk expects global container shipping growth to slow from a strong start to the year, when customers soaked up goods to prevent them from being held up by Red Sea attacks and other disruptions, it said on Wednesday.The Danish company, viewed as a barometer of world trade…

CMA CGM Sees Shipping Demand Holding Up After Restocking Wave

Jul 25, 2024

Shipping giant CMA CGM said on Thursday that brisk international trade and Red Sea disruption supported its main maritime division in the second quarter and should limit any market slowdown later this year as new ship capacity arrives.The world's third-largest container shipping line reported a 6…

US Importers Balk at Return of $10,000 Container Shipping Rate

Jul 15, 2024

The cost to ship a standard 40-foot container of toys, auto parts or other goods from Shanghai to New York has jumped to nearly $10,000, fueling frustration among importers and prompting some experts to say the market is in a bubble.The Drewry…

Adani Aims to Complete Phase One of Long-delayed Port by Year-end

Jul 12, 2024

Adani Ports expects to complete the first of four phases of a key transshipment container port in southern India this year, it said on Friday, firming the timeline for a project already delayed by six years due to protests by locals.The Vizhinjam…

Adani Ports to Invest in Transshipment Terminal, Bloomberg News Reports

Jul 11, 2024

India's Adani Ports and Special Economic Zone plans to ramp up its investment to 100 billion rupees ($1.20 billion) to boost its southern India transshipment container port, Bloomberg News reported on Thursday.The investment in Vizhinjam port…

Singapore Port Congestion Shows Global Impact of Red Sea Attacks

Jun 25, 2024

Congestion at Singapore's container port is at its worst since the COVID-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping - with bottlenecks also appearing in other Asian and European ports…

DP World Announces Investments in Latin American Ports

Jun 11, 2024

DP World is making significant investments in its port terminals in Peru and Ecuador to enhance capacity and operational efficiency.Carlos Merino, CEO of DP World in Peru and Ecuador, said, “DP World remains committed to creating resilient and efficient logistics solutions…

Tanger Med Port Container Volumes Surge

Jun 10, 2024

Morocco's Tanger Med port expects to top its nominal processing capacity of nine million containers this year, the port's deputy managing director told Reuters, adding security problems in the Red Sea had had little impact on traffic growth…

Maersk Skips Sailings Due to Significant Port Congestion in Asia, Mediterranean

Jun 04, 2024

Maersk faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish shipping group said in a statement on Monday.As a result of that congestion, the world's second-largest container shipping company…

Maersk Raises 2024 Guidance on Strong Demand

Jun 03, 2024

Danish shipping group AP Moeller-Maersk on Monday raised its full-year profit guidance for the second time in a month on the back of strong container market demand and the crisis in the Red Sea.Maersk now expects its underlying earnings before interest…

Maersk Faces Significant Port Congestion in Asia, Mediterranean

Jun 03, 2024

Maersk faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish shipping group said in a statement on Monday.As a result of that congestion, the world's second-largest container shipping company…

Red Sea Dissruptions Are Driving Up Carbon Emissions

May 28, 2024

A surge of attacks on ships traveling the waters of the Red Sea is forcing shippers to reroute their vessels, sending them on longer journeys that drive up their carbon dioxide emissions.For companies struggling to account for – and lower –…

Container Vessel Bunkered with Methanol During Cargo Operations

May 27, 2024

X-Press Feeders, Global Energy Trading Pte Ltd (GET), and PSA Singapore (PSA) have successfully completed the first simultaneous methanol bunkering and cargo operation (SIMOPS) in Singapore on May 27, 2024.The SIMOPS was conducted at the new…

Stena Prosperous Bunkers Methanol in Singapore

May 26, 2024

Singapore is one step closer to developing its full capability to deliver methanol bunkering at a commercial scale. Close to 1,340 metric tonnes (MT) of blended methanol was bunkered ship-to-ship on May 24, and there will be another operation…

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