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Tag Archives: Maersk

Maersk, Samsung a part in Petrobras corruption case: Brazilian Prosecutor

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COPENHAGEN: Brazil’s top prosecutor in the Petrobras corruption case has informed the US Department of Justice about evidence that a number of top international companies paid bribes to win contracts. Samsung Heavy Industries of South Korea, AP Moeller-Maersk of Denmark, Skanska AB of Sweden and Toyo Engineering Corp of Japan are the firms named by Carlos Lima, the senior prosecutor ... Read More »

Danish Maersk Line orders 11 huge container ships worth of 12.3b Kroner

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COPENHAGEN: Danish shipping and oil group A.P. Moller-Maersk says it has ordered 11 huge container ships with an option to buy six more in a deal worth 12.3 billion kroner ($1.8 billion) Soeren Toft, spokesman for the shipping unit Maersk line, says the 400-meter (1,200 feet) ships “will help us stay competitive in the Asia-Europe trade and will be key ... Read More »

Denmark Maersk Line seals $1.8b order for 17 huge container ships

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COPENHAGEN: Maersk Line has sealed a $1.8billion order for up to 17 huge new container ships at DSME in Korea.The Danish owner said the second-generation Triple-E vessels will have a capacity of 19,630 teu each. The first 11 ships in the series are firm, with options for six more. They will be 400 metres long, with a draft of 16.5 metres. ... Read More »

Danish Maersk Line orders 11 huge container ships worth of 12.3b Kroner

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COPENHAGEN: Danish shipping and oil group A.P. Moller-Maersk says it has ordered 11 huge container ships with an option to buy six more in a deal worth 12.3 billion kroner ($1.8 billion) Soeren Toft, spokesman for the shipping unit Maersk line, says the 400-meter (1,200 feet) ships “will help us stay competitive in the Asia-Europe trade and will be key ... Read More »

Denmark Maersk Line seals $1.8b order for 17 huge container ships

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COPENHAGEN: Maersk Line has sealed a $1.8billion order for up to 17 huge new container ships at DSME in Korea.The Danish owner said the second-generation Triple-E vessels will have a capacity of 19,630 teu each. The first 11 ships in the series are firm, with options for six more. They will be 400 metres long, with a draft of 16.5 metres. ... Read More »

Maersk sets target for 2020 of 60% emission intensity reduction

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COPENHAGEN: The world’s largest container ship operator, Maersk Line, has announced a target to significantly reduce emissions produced per container moved. Maersk LineMaersk Line plans to cut emissions per container moved by 60% by 2020 as part of a five year plan to reduce greenhouse gas emissions by 200 million tonnes of CO2e. The amount of emission reduction envisaged is ... Read More »

Maersk to slash carbon emissions by 2020

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COPENHAGEN: Maersk Line, the world’s largest container ship operator, has set a ‘bold target’ to reduce CO2 emissions 60% per container moved by 2020. The company has stated that the five year-emission reduction plan will save the climate around 200,000,000 tons of CO2, roughly the amount of emissions of all passenger cars in France over the period of a year. ... Read More »

Maersk to slash carbon emissions by 2020

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COPENHAGEN: Maersk Line, the world’s largest container ship operator, has set a ‘bold target’ to reduce CO2 emissions 60% per container moved by 2020. The company has stated that the five year-emission reduction plan will save the climate around 200,000,000 tons of CO2, roughly the amount of emissions of all passenger cars in France over the period of a year. ... Read More »

Maersk Line reliability score at 80.4%, drops to 2nd place

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COPENHAGEN: Despite a drop in reliability for the first quarter, Maersk Line remains in the top quartile position delivering a reliability score of 80.4%, the company said in its press release. The first quarter reliability results by maritime analyst SeaIntel show Maersk Line slipping to second place while CSAV secures the top spot with a 0.6% point lead at 81%. ... Read More »

Maersk Line reliability score at 80.4%, drops to 2nd place

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COPENHAGEN: Despite a drop in reliability for the first quarter, Maersk Line remains in the top quartile position delivering a reliability score of 80.4%, the company said in its press release. The first quarter reliability results by maritime analyst SeaIntel show Maersk Line slipping to second place while CSAV secures the top spot with a 0.6% point lead at 81%. ... Read More »

Maersk Line may cut key routes to arrest volume decline

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COPENHAGEN: Maersk Line is preparing to eliminate or cut back several service loops in response to mixed first quarter results, says chief financial officer Jakob Stausholm. Speaking to ShippingWatch, Stausholm said that “one of the tools” available to Maersk was to “withdraw capacity where it’s needed”. His comments come just days after the shipping giant’s first quarter results showed record ... Read More »

Maersk profits jump $1.6b in Q1 after Sale of Danske Bank Shares

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COPENHAGEN: Maersk Group’s Profit increased to $1.6 billion in the first quarter of 2015, up from $1.2 billion in 2014. Despite “low oil prices and low economic growth,” A.P. Møller – Mærsk A/S announced Wednesday that profit increased 30 percent to $1.6 billion in the first quarter of 2015, up from $1.2 billion this time last year.  The results largely ... Read More »

Maersk to pay $3.6 million over a cargo spat

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COPENHAGEN: Iran says a court has ordered A.P. Moeller-Maersk to pay $3.6 million over a cargo spat, the Danish company pleas for the crew of the Maersk Tigris to be released. Danish shipping group A.P. Moeller-Maersk on Thursday urged Iran to release the crew of a chartered cargo vessel seized by Iran over a 10-year cargo dispute with an Iranian ... Read More »

Maersk Drilling realizes profit of $116 million during 1Q 2015

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COPENHAGEN: Maersk Drilling realized a profit of US$116 million during 1Q 2015 due to fleet growth and operational performance, despite two idle rigs. The result is attributed to new rigs that were added to Maersk’s fleet in 2014, all of which have shown good operational performance since commencing their contracts, reports Maersk. However, tendering activity for offshore drilling rigs was ... Read More »

Maersk Drilling Awilco Drilling reports operational updates for 1Q 2015

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COPENHAGEN: Maersk Drilling realized a profit of US$116 million during 1Q 2015 due to fleet growth and operational performance, despite two idle rigs. The result is attributed to new rigs that were added to Maersk’s fleet in 2014, all of which have shown good operational performance since commencing their contracts, reports Maersk. However, tendering activity for offshore drilling rigs was ... Read More »

Denmark’s Maersk ship releases including 24 members

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COPENHAGEN: Danish shipping giant Maersk has confirmed that its container ship Maersk Tigris including its 24 crew members has been released by the Iranian authorities and is now on its way towards Jebel Ali near Dubai. The ship was seized by the Iranian authorities as it made its way through the Strait of Hormuz on April 28. “Maersk Line is ... Read More »

Shipping giant Maersk to pay $10mln to Pars Tala’eyeh Oil Products

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TEHRAN: Managing-Director of Pars Tala’eyeh Oil Products Company Hamidreza Jahanian said the Marshall Islands-flagged trade ship, Maersk Tigris that was seized by the Iranian naval forces in the Persian Gulf earlier this week, has been kept in custody because it owes $10mln to his company. “Unfortunately, a number of containers sent by Pars Tala’eyeh Oil Products Company through the Maersk ... Read More »

Maersk Line Shipping Owes $10mln to Iranian Company

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COPENHAGEN: Managing-Director of Pars Tala’eyeh Oil Products Company Hamidreza Jahanian said the Marshall Islands-flagged trade ship, Maersk Tigris that was seized by the Iranian naval forces in the Persian Gulf earlier this week, has been kept in custody because it owes $10 million  to his company. “Unfortunately, a number of containers sent by Pars Tala’eyeh Oil Products Company through the Maersk Line ... Read More »

Maersk to pay $3.6 million over a cargo spat

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COPENHAGEN: Iran says a court has ordered A.P. Moeller-Maersk to pay $3.6 million over a cargo spat, the Danish company pleas for the crew of the Maersk Tigris to be released. Danish shipping group A.P. Moeller-Maersk on Thursday urged Iran to release the crew of a chartered cargo vessel seized by Iran over a 10-year cargo dispute with an Iranian ... Read More »

Maersk to pay $3.6 million over a cargo spat

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COPENHAGEN: Iran says a court has ordered A.P. Moeller-Maersk to pay $3.6 million over a cargo spat, the Danish company pleas for the crew of the Maersk Tigris to be released. Danish shipping group A.P. Moeller-Maersk on Thursday urged Iran to release the crew of a chartered cargo vessel seized by Iran over a 10-year cargo dispute with an Iranian ... Read More »