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Rising Bunker Costs, Charter Rates Poised to Squeeze Carriers
May 28, 2015 ... increase at the beginning of the month, have so far reportedly failed. According to the Shanghai Containerised Freight Index (SCFI), carriers have already lost 72 percent of the price gains ...
Maersk Line Sets Updated 60% CO2 Reduction Target
May 26, 2015 ... Line has announced an updated 2020 goal to reduce carbon dioxide (CO2) emissions per container moved by 60 percent compared to 2007 levels. The aim of the target is to create a "sustained ...
CMA CGM Reports 400% Profit Hike in First Quarter
May 20, 2015 ... effective in extracting profit and value from its vessel sharing agreements than companies such as Maersk Line, who also reported first quarter earnings recently.  Last week, Maersk Line said ...
Drewry: The Gamble on Ultra Large Container Vessels has Backfired
May 20, 2015 ... include some of the world's biggest box ships in the form of new 20,000 TEU capacity vessels for Maersk Line. It wasn't all bad news for carriers, however, with Drewry noting that Asia to North ...
Maersk Line Prepared to Withdraw Capacity to Increase Utilization
May 19, 2015 ... Line says it is prepared to withdraw services in order to make up for a drop in utilization, Shipping Watch reports. "We have different tools in the toolbox that we need to use. One of ...
Marine Insurers Increasingly Concerned Over Covering Mega-Containerships
May 18, 2015 ... of the half-full 8,000 TEU MOL Comfort in 2013 cost insurers $523 million.  Earlier this month Maersk Line became the latest box carrier to order 20,000 twenty-foot equivalent unit ...
Maersk Profits Jump in First Quarter After Sale of Danske Bank Shares
May 14, 2015 ... $11.7 billion in 2014, with the ongoing weak price of crude having impacted its businesses, said Maersk Group CEO Nils S. Andersen. "All businesses affected by low oil prices launched cost ...
Sources: Maersk Line Reaches Agreement in Principal for Eleven 20,000 TEU Boxships at a "Record Low Price"
May 13, 2015 ... Line on Monday was said to have reached an agreement in principle to order up to 11 mega-box ships each with a capacity of around 20,000 TEU for a "record low price" of around $151 ...
Reports: Maersk Line to Order 10 More Mega-Ships
May 12, 2015 ... Line is expected to complete an order for 10 mega-containerships with Daewoo Shipbuilding & Marine Engineering Co. (DSME) in a deal worth over $1.5 billion, The Wall Street Journal ...
Iran Releases the Maersk Tigris
May 8, 2015 ... Maersk Line containership which was seized last week in the Strait of Hormuz by Iranian authorities was released Thursday, BBC reports.  The Marshall Islands-flagged Maersk Tigris was ...