Maersk
Maersk Raises Profit Guidance Again as Red Sea Tensions Weigh on Ports and Rates
Drewry's Philip Damas says the new outlook is a prime indicator Maersk expects the current disruptions to…
Prologis and Maersk Debut EV Truck Charging Hub Near California Ports
The depot can charge up to 96 EV trucks simultaneously, and launches as California mandates all drayage…
Maersk, Hapag-Lloyd Prep Return to Port of Baltimore
The ocean carriers are resuming bookings to load and discharge cargo at the port, pending a timely cleanup at…
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Maersk Preps Contingencies for Possible Canadian Rail Strike
The plans come as Canada's Labor Minister placed a request that could delay a threatened walkout at the…
Red Sea ‘Risk Zone Has Expanded’: Maersk Says Asia-to-Europe Capacity Could Fall 20%
Maersk is currently using 40 percent more fuel per journey, with charter rates currently three times higher…
What Maersk’s 2024 Outlook Says About Container Shipping
The firm now anticipates total container volume growth to be in the upper end of its previously expected…
Maersk to Phase Out Panama Canal ‘Land Bridge’ in May
Meanwhile, chief rival MSC faces a possible $63.3 million fine from the FMC for alleged violations of the…
Logistics Firms Double Down on US-Mexico Nearshoring
Echo Global Logistics, Ryder Systems and Maersk have all made recent investments into operations in…
Francis Scott Key Bridge in Baltimore Collapses After Cargo Ship Collision
Two people have been rescued, and seven remain missing. All vessel traffic in and out of the Port of…
Maersk Won’t Return to Red Sea Just Yet as Risks Remain ‘Elevated’
The ocean carrier said sailing around Africa's Cape of Good Hope is currently "the most reasonable solution"…
Maersk CEO: Post-Pandemic Freight Rate Declines ‘Unsustainable’
The comments come despite a likely boost into short-term profitability due to the Red Sea-driven pop in…
CMA CGM Makes ‘Case-by-Case’ Red Sea Return, Maersk Says to Seek Alternatives
In a Tuesday update, Maersk's North American president Charles van der Steene said "No one knows for how long…
Tackling Emissions, Whether it Floats, Flies or Drives
The movement of goods around the globe make the transportation industry one of the worst greenhouse gas…
Maersk Doesn’t See Red Sea Improvements ‘Anytime Soon’
At the Manifest conference, Hellmann's Stefan Borggreve called human customer service "underrated" in helping…
Maersk CEO: Overcapacity at Sea Will Squeeze Profit Margins
The ocean carrier's stock fell 15 percent amid forecasted 2024 profits between $1 billion and $6 billion—down…