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Tag Archives: Maersk

Maersk Line’s 8,160 TEU container ship runs aground in the Suez Canal


COPENHAGEN: Maersk Line Boxship runs aground in the Suez Canal. Maersk Line’s  8,160 TEU containership Susan Maersk ran aground while travelling through the Suez Canal last weekend, Tradewinds reports. The company said that there had been no collisions, contrary to earlier rumours. “She was helped off the sand bank at 14hrs CET Sunday and has resumed her voyage,” Maersk Line ... Read More »

Denmark’s Moller-Maersk to cut 200 jobs, to reduce costs by 20% next 2 years


COPENHAGEN: The denamark Maersk’s official stated that the company will cut 200 jobs in its Maersk Oil unit due to a drop in the oil price in coming days. It will reduce the operating costs by 20 percent over the next two years, it said on Thursday. The cuts will fall in Maersk’s headquarters, Qatar and UK business locations, and ... Read More »

Maersk Line’s fuel consumption reduces to 40% since 2007

maersk line

COPENHAGEN: Maersk Line has reduced its fuel consumption by almost 40 percent since 2007, said the company spokesman. The Danish oil and shipping giant aims to further reduce its fuel consumption by 60 percent, compared to 2007, by 2020. In 2013 alone, Maersk saved about 4.3 billion kroner compared to the year before thanks to improved fuel consumption measures. In ... Read More »

Denmark Maersk’s CEO sees price stagnation as no trouble


COPENHAGEN: The new CEO of AP Moller-Maersk, Nils Smedegaard Andersen who got appointed in 2007 said that he saw no huge changes in the maritime company share price. The company’s shareholders have seen only modest returns, despite extensive efficiency initiatives, divestitures and a major buyback of shares worth more than five billion kroner, Finans reports. “Maersk shares have in recent years ... Read More »

Maersk appoints Silvia Ding as company head in South China


BIEJING: Danish shipping company Maersk Line has appointed Silvia Ding as head of Maersk Line South China in Hong Kong, who will take charge from November 1. Ms Silvia Ding said that it is an honour for him to have this opportunity to lead Maersk Line South China. “South China is a key market for Maersk Line’s global business which ... Read More »