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Plummeting Crude, Bunker Prices Unlikely to Change Slow Steaming Practices
Dec 1, 2014 ... to be a low bunker price for some consistent period of time," said Lars Mikael Jensen, CEO for Maersk Line's Asia Pacific region. "But slow steaming is also an important part for the industry ...
Maersk Line's Skou Says Loss-Making Shippers "a Concern"
Nov 25, 2014 ... Line CEO Søren Skou has said a large number of loss-making shippers is bad for the industry and world trade in general, The Financial Times reports. Maersk Line's operating margin for the ...
Maersk Line To Buy More Triple-E Megaships
Nov 18, 2014 ... Line will likely order more giant Triple-E vessels over the next six months in its bid to stay competitive, the Wall Street Journal reports.  "Over the next three years, the bulk of the ...
Maersk Will Pass on Bunker Savings Following Oil Price Drop
Nov 13, 2014 ... Moeller-Maersk (Maersk) CEO Nils Anderson has vowed to pass on bunker savings achieved from falling oil prices, JOC reports. "Falling bunker prices will be transferred to the customers, with ...
Maersk Line Q3 Bunker Costs Reduced by $41 million as Profits Rise 24%
Nov 12, 2014 ... Line Tuesday reported a $685 million profit, representing a 24 percent year-on-year rise, in a third quarter of 2014 that was stronger than analysts had expected. Q3 2014 revenues showed a ...
J Poulsen Forms Alliance With HBC
Nov 10, 2014 ... difficult market conditions.  This year has also seen the formation of two mega-alliances, with Maersk Line and Mediterranean Shipping Co. joining 2M, and CMA CGM, China Shipping Container Lines ...
China to Keep Close Eye on 2M Alliance
Nov 7, 2014 ... regulators will be keeping a close watch on the 2M alliance between Maersk Line and Mediterranean Shipping Co. (MSC) over fears of a trade lane monopoly when it launches in January, ...
Brazil Gives Okay on Hapag-Lloyd, CSAV Merger
Nov 7, 2014 ... year and will make the combined companies the fourth largest container line in the world, behind Maersk Line, Mediterranean Shipping Company and CMA CGM. Hapag-Lloyd CEO Rolf Habben Jansen had ...
Lower Bunker Costs Could Help Maersk to Surpass Profit Expectations
Nov 6, 2014 ... investment bank DNB Markets has today said that AP Moeller-Maersk (Maersk) may surpass its 2014 earnings prediction due to lower than expected bunker costs, Tradewinds reports. DNB ...
APM Cancels New Jersey Joint Venture
Nov 6, 2014 ... the good faith efforts of all involved, a commercially viable solution was not achieved." APM, Maersk Group's port company, had previously announced the venture early this year. At the time, ...
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