High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe, boosted by demand for furniture, exercise equipment and home improvement goods, shipping group Maersk said on Wednesday.A surge in demand from shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows and triggered a spike in the cost of moving goods
Shipping group Maersk said on Wednesday it is confident about the outlook for shipping beyond 2020 as a second wave of coronavirus infections has only had a limited impact on global freight volumes.Maersk, the world’s biggest container shipping line, has recovered faster than expected after the pandemic halted trade around the world, benefiting from higher retail sales in the United States.
A Russian navy vessel collided with a Swiss-owned container ship in Danish waters on Wednesday near the Oresund Bridge linking Denmark and Sweden, Danish defense authorities told Reuters.The Ice Rose, which was sailing from St. Petersburg in Russia to Gothenburg in Sweden, collided with a Russian frigate early on Wednesday morning, a spokesman for the Joint Operation Centre said.
A group of 27 migrants who had been stuck onboard the Maersk Etienne tanker for more than a month have been transferred safely to a ship operated by the NGO Mediterranea, Maersk Tankers said on Friday.The tanker’s crew rescued the migrants, including a pregnant woman, on August 4 near Malta from a wooden dinghy that had been at sea for days and sank immediately after the rescue operation.
Three migrants were rescued off the coast of Malta on Sunday after they jumped overboard from a tanker that has been denied entry by several countries since a rescue operation a month ago.The captain of the Maersk Etienne chemical tanker had warned last week that, while the migrants had no critical physical problems, the mental strain for those onboard was getting worse.
The captain of a tanker that rescued 27 migrants at sea, including a pregnant woman, is calling for immediate help as conditions worsen on board after a month anchored off the coast of Malta having been denied entry by several countries.The migrants have no critical physical issues, but mentally the situation is getting desperate, the Maersk Etienne captain said
Maersk will cut jobs in a major shake-up that will affect a third of the shipping giant's staff as it seeks to integrate its seaborne container and in-land logistics businesses, it said on Tuesday.Maersk, which handles about one in five containers shipped worldwide, has been under pressure from investors to speed its transformation from an unwieldy conglomerate but has proved resilient in the
A Maersk oil tanker has been anchored off the coast of Malta for two weeks after rescuing 27 migrants, including a child and a pregnant woman, with authorities in Malta and Tunisia denying the vessel entry, the company said on Wednesday.The crew of Maersk Etienne, an oil tanker owned by Denmark's Maersk Tankers, rescued the migrants following a request from Maltese officials on August 4
The Hibernia oil platform in Canada was shut after a leakage of drilling and production fluids, the Hibernia Management and Development Co (HMDC) said late Monday.Hibernia sits roughly 315 km (200 miles) east of St. John's, Newfoundland and Labrador. ExxonMobil owns the largest stake in the oil platform, followed by Chevron Canada and Suncor Energy Inc.
The coronavirus lockdown has accelerated a digitalization drive in a global shipping and logistics sector that still routinely delivers many documents by bike messenger in some countries, according to industry leaders.Ports operator DP World said on Thursday it would join shipping company Maersk and other peers in a blockchain platform aimed at limiting the sector's costly paper trail.
Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand.The crisis has thrown the container shipping trade off balance as supply chains have been upended and businesses and factory activity in China and later across the world was disrupted.
Danish product tanker company TORM announced on Thursday it has entered into a deal to purchase a pair of LR2 tankers from Chinese state-owned builder Guangzhou Shipyard International (GSI) for expected delivery in the fourth quarter of 2021.TORM, which currently has 29 GSI vessels in its fleet