Shipping group A.P. Moller-Maersk warned on Wednesday lower container volumes and freight rates would drive a four-fold plunge in profits this year, even as it reported record earnings for 2022.The Copenhagen-based company, which transports goods for retailers and consumer companies such as Walmart, Nike, and Unilever
Container shipping firms MSC Mediterranean Shipping Company (MSC) and Maersk have mutually agreed to terminate, effective in January 2025, their 2M alliance.2M is a container shipping line vessel sharing agreement (VSA) introduced in 2015 " with the aim of ensuring competitive and cost-efficient operations on the Asia-Europe, Transatlantic and Transpacific trades.
Ifremer, Jean-Louis Etienne and the entire Polar POD team announced its construction by the Piriou shipyards in association with 3C Metal, under the direction of the project owner, Ifremer. The scientific program of this international oceanographic "station" is being overseen by the French National Centre for Scientific Research (Centre national de la recherche scientifique, CNRS)
Shipping giant A.P. Moller-Maersk said on Monday it had appointed Vincent Clerc, who has been with the firm for 25 years, to replace Soren Skou as Chief Executive Officer as of Jan 1. Company veteran Clerc, who currently heads the company's Ocean & Logistics business, is taking the helm at a time of slowing demand for transport and logistics as a global recession looms.
An innovative kite system is being put through its paces on board a cargo ship crossing the Atlantic as wind propulsion takes off for commercial shipping as a means to reduce fuel burn and harmful environmental emissions.The system, called Seawing, has been developed by France-based Airseas, and is currently being trialed on the 154-meter ro-ro vessel Ville de Bordeaux
Louisiana-based Bollinger Shipyards announced it has completed its acquisition of Pascagoula, Miss. shipbuilder VT Halter Marine and neighboring repair yard ST Engineering Halter Marine Offshore (STEHMO) from parent company ST Engineering North America, the U.S. subsidiary of Singaporean multinational technology, defense and engineering group ST Engineering.
Lockport, La. based Bollinger Shipyards announced it has entered into an agreement to acquire Pascagoula, Miss. shipbuilder VT Halter Marine, Inc. and neighboring repair yard ST Engineering Halter Marine Offshore (STEHMO) from parent company ST Engineering North America, the U.S. subsidiary of Singaporean multinational technology, defense and engineering group ST Engineering.
One of the world’s largest shipping companies has ordered kite wind propulsion systems to reduce fuel consumption and greenhouse gas emissions from three of its bulk carrier vessel.Japan-based Kawasaki Kisen Kaisha (“K” LINE) on Wednesday confirmed orders for three additional Seawing systems
The cost of shipping goods has surged 25-30% since the start of the pandemic due to array of inflationary pressures that are "unlikely to abate in the short term," world No. 1 container shipping company Maersk told Reuters on Wednesday.Maersk is viewed as a bellwether for global trade as it transports goods for retailers and consumer companies from Walmart and Nike to Unilever.
Danish shipping giant A.P. Moller - Maersk on Tuesday announced a new organizational structure and a new executive leadership team.The changes are effective February 1, 2023 and follow the appointment of Vincent Clerc as CEO of A.P. Moller - Maersk effective January 1, 2023."The business has executed well during the past years
French conglomerate Bollore, run by the family of billionaire Vincent Bollore, said on Wednesday it had completed the sale of its Bolloré Africa Logistics arm to shipping company MSC Group.The Bolloré company added the transaction was on the basis of a 5.7 billion euro ($6.1 billion) enterprise value.
Belgium's transmission operator, Elia, has presented its draft plans for what is expected to be the world’s first artificial energy island. The energy island, called the Princess Elisabeth Island, will be located almost 45 km off the Belgian coast and will serve as the link between the offshore wind farms in the second offshore wind zone (which will have a maximum capacity of 3.