Maersk reports “best earnings quarter ever”
A.P. Moller – Maersk (Maersk)may no longer be quite the world’s largest operator of containerships, but it continues to be a money machine, reporting record results for first quarter 2022 across all
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Maersk, Ørsted plan major U.S. Gulf e-methanol power-to-X project
Getting the new green fuels, such as e-methanol, that shipping needs to meet its climate ambitions will depend on the roll out of power-to-X facilities that can produce those fuels at scale,
Maersk sees record earnings continuing into 2022
A.P. Moller – Maersk (Maersk) has delivered on the strong profits guidance it gave back in January. Today, it reported record earnings for 2021: Revenue was up 55% to $61.8 billion, EBITDA
Refloated after grounding, Maersk Mumbai heads for Bremerhaven
The Maersk containership Maersk Mumbai, which grounded on the approach to Bremerhaven, February 2 has been refloated. The operation was coordinated by Germany’s Central Command for Maritime Emergencies (Havariekommando), which said that
Maersk containership runs aground
Initial efforts to refloat a 400 meter long Maersk containership that ran aground last night were unsuccessful. The vessel, the Mumbai Maersk was en route for Bremerhaven from Rotterdam when, at around
WasteFuel launches bio-methanol marine fuel solution
California-based biofuels start-up WasteFuel has launched WasteFuel Marine, a renewable fuel solution for the shipping sector. Perhaps not surprisingly, given that Maersk is an investor in the company, WasteFuel Marine’s initial product
Maersk again ups profits guidance
Looks like A.P. Moller – Maersk A/S won’t be strapped for cash as it plans a new generation of methanol fueled box ships and ratchets up its decarbonization ambitions. Maersk is reporting
Maersk pushes net-zero GHG target forward to 2040
“If we all want a sustainable future this is it. We need to act now and act here,” said Soren Skou, CEO of A.P. Moller – Maersk, as the company unveiled a
Message to ocean carriers: Act on U.S. agriculture exports or face FMC action
Two Biden administration cabinet members, Secretary of Transportation Pete Buttigieg and Secretary of Agriculture Tom Vilsack, have written leading ocean carriers. They urge them to help mitigate disruptions to agricultural shippers of
Port of Baltimore helps ease supply chain woes
Mercedes-Benz is one of several major shippers using the Port of Baltimore to get over supply chain hurdles. On Monday, the car carrier Noble Ace delivered 1,800 new Mercedes-Benz vehicles at the