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The Latest Breaking News from Maersk

Maersk to cut 10,000 jobs as shipping demand drops

Danish company has axed 6,500 of those roles already, with global economic slowdown taking toll

The Guardian - UK

Green fuels in shipping face major challenges for 2050 net zero target

Ships carry around 90% of traded goods and emit about 3% of global CO₂. The International Maritime Organization (IMO), the UN agency responsible for regulating shipping, recently set out plans for this industry to reach net zero emissions by 2050.

The Conversation

From Titanic to American Sniper: the biggest lies in fact-based movies

Controversy over debunked elements of Oscar-winning drama The Blind Side won’t be the first time a film based on a true story has taken liberties with the truth

The Guardian - US

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Global shipping has a new climate strategy – it's vague, obscure and almost noncommittal, but it may be pointing the industry in the right direction

The world’s largest shipping companies are starting to update their fleets for a greener future. Maersk received the world’s first dual-fuel methanol container ship in July 2023, and dozens more container ships that can run on alternative fuels are currently on order.

The Conversation

Green shipping is here. Except it really isn't

Does the transition to green shipping depend on greater demand? Maybe, maybe not.

Fortune

GE shuffles its CFO as it prepares to split into 3 public companies

Carolina Dybeck Happe will step down as finance chief, and Rahul Ghai will become the CFO, effective Sept. 1.

Fortune

New EPA rules on electric vehicles could give a huge boost to this Swedish trucking startup

Einride, a mobility-software startup from Sweden, is building a fleet of EV trucks for long and short hauls in the U.S.

Fortune

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Maersk's unconventional carbon-neutral plan: Selling off its most profitable unit

The Danish firm sold off its oil and gas business, instead focusing on making its shipping business more sustainable.

Fortune

Saudi Arabia Develops a Global Integrated Logistics Park

Saudi Arabia aims to develop a global integrated logistics park in the al-Khumrah region, west of the Kingdom. The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce signed an agreement to set up a $267.6 million integrated logistics park at al-Khumrah, south of Jeddah, to boost economic development, national…

Asharq Al-Awsat

Middle East’s Largest Logistics Park Runs on Renewable Energy in Western Saudi Arabia

The Saudi Ports Authority (Mawani) and Maersk announced on Wednesday the launching of the biggest comprehensive logistics zone in the Middle East at the Jeddah Islamic port, in western Saudi Arabia. In a statement, Mawani said that the logistics park, which will stretch over an area of 225,000 square meters,…

Asharq Al-Awsat

Maersk sues Evergreen over 2021 blocking of Suez Canal

The world’s biggest shipping company has sued a rival shipping line in a Danish court, seeking compensation for ship delays that resulted from the blocking of the Suez Canal by a hulking vessel two years ago

The Independent UK

Maersk Sues Evergreen over Suez Canal Blockage in Danish Court

Shipping group Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever Given, which blocked the Suez Canal for six days in 2021, claiming compensation for delays caused by the incident. The Danish company did not disclose the size of the claim…

Asharq Al-Awsat

Shipper Maersk reports most profitable year, warns of drop

The world’s biggest shipper, Denmark’s A

The Independent UK

Turkish port of Iskenderun damaged, ships diverting -Maersk

The southern Turkish port of Iskenderun has suffered severe structural damage due to an earthquake with all operations halted until further notice, container shipping firm AP Moller Maersk said on Tuesday.

Reuters

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The Times of India

World’s biggest ship Ever Alot skips India in blow to trade goals

NEW DELHI: Prime Minister Narendra Modi’s goal of making India the world’s factory risks being held back by the country’s inability to attract bigger container ships due to inadequate port infrastructure.

ABC News

As the world moves to a low carbon economy, has diesel fuel run its course?

New technology to replace diesel fuel could transform the freight industry and a lot of the machinery used in agriculture and mining. So what does that look like on the ground?

Newsroom.co.nz

Shipping congestion will ease once recession hits

Though economic contraction creates a raft of issues, a recession will see demand for freight pull back.

Evening Standard

Maersk warns of ‘dark clouds on the horizon’ as it cuts demand forecast amid growing recession fears

The firm said vacancy rates for warehousing fell to near-historic lows, as businesses scrambled for extra storage space to hold their swelling inventory levels after a drop-off in consumer demand

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Newsroom.co.nz

Ruakura Superhub: Building Aotearoa's largest inland port

"In 20 years, it will be the epicentre of logistics in the North Island."

Birmingham Post

JCB says hundreds of jobs secured with global logistics deal

Digger maker recently revealed that sales and profits were up after taking a big hit during lockdown

Bangkok Post

Ocean Shipping Lines Turn to Planes as Supply-Chain Snarls Deepen

For the giants of ocean trade, big ships aren't enough anymore; they need planes, too.

Benzinga

Global Freight Rates Are Going Down— Will This Lead To Chaos For Shipping Companies?

The international price of global freight shipping is dropping in a trend that could have ripple effects across the entire shipping industry.

Benzinga

How Much Money Do Shipping CEOs Make? Here's Their 2021 Pay Info

Managing ships is big business. It should come as no surprise that bosses of ship-operating companies are highly compensated. What may surprise you is that the CEOs with the largest fleets don't necessarily earn the highest compensation.

Liverpool Echo

'Symbol of equality, inclusion and diversity' makes city pit stop on world tour

The container, which has already been around Asia and Europe, is now continuing its tour across the UK

The Independent UK

Ship owners sought CO2 exemption when the sea gets too wavy

The marine shipping industry is facing new regulations to address carbon pollution and documents show the industry is fighting back

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