Alibaba’s Maersk and CMA CGM digital partnership

When Maersk and subsequently CMA CGM announced digital partnerships with Chinese e-commerce giant Alibaba, it led to much ado about the implications for the wider supply chain. But what of the impact on ports? Analysts and consultants approached by Port Strategy predict an initial volume surge followed by a levelling off for the ports included…

Maersk Line buys Hamburg Süd

Maersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire Hamburg Süd, the German container shipping line. Combined Company Will Have Container Capacity of 3.8 million TEU. Maersk Line and the Oetker Group have reached an agreement for Maersk Line to acquire Hamburg Süd, the German container shipping line. The acquisition…

Maersk is splitting into two companies.

Danish conglomerate A.P. Moller-Maersk is splitting itself in two, in a move that could unlock value for shareholders. Its two classes of shares (tickers: MAERSK.A.Denmark and MAERSK.B.Denmark) have surged about 18% since June 23, when the owner of Maersk Line, the world’s largest container-shipping company, appointed a new chief executive and tasked him with carrying…

Maersk Drilling Rig Breaks Major Record

A Maersk Drilling rig just beat the record for the deepest well ever drilled on the Norwegian continental shelf (NCS)The MAERSK GALLANT drilled the ultra HPHT (high-pressure high-temperature) Solaris field, at a total depth of 5,941 metres (19,491 feet), the company announced in a statement. “We have broken a number of records during the Solaris…

Analysts: Maersk Line could be facing ‘catastrophic’ report

CONTAINER: Several analysts expect a deficit for Maersk Line, when the Maersk Group releases its next financial report in August. Jyske Bank believes that a downgrade lies ahead. BY RITZAU FINANS Low prices and too many vessels on the water are a headache for the carrier Maersk Line, which likely faces a deficit when Maersk…