Maersk CEO sees passing higher oil shock costs to customersA.P. Moller-Maersk CEO Vincent Clerc stated the Iran war is increasing costs by $500 million monthly. These expenses will be passed to cust...
08 May, 2026, 10.59 AM IST
World’s largest container carrier plans route avoiding HormuzThe world’s largest container shipping company, MSC Mediterranean Shipping Company, is launching a new Europe–Middle East service that avoi...
02 May, 2026, 04.54 PM IST
Trump’s Hormuz blockade has deepened a historic shipping crisisThe Strait of Hormuz has effectively shut to global shipping after the US, led by Donald Trump, imposed a blockade on Iran-linked vessels, ...
26 Apr, 2026, 06.49 AM IST
Maersk and Cochin Shipyard partner to explore ship repairs and shipbuilding activities in IndiaThe strategic alliance is in line with India’s vision to transform the maritime sector and establish itself as one of the top five global m...
17 Feb, 2025, 03.54 PM IST
Ocean freight carriers are ripe to compete in the airA.P. Moller-Maersk and CMA CGM are expanding into air freight by acquiring new Boeing and Airbus aircraft. The companies aim to diversify t...
06 Sep, 2024, 10.08 AM IST
Maersk says winter weather, Red Sea disruption cause congestionMaersk and other shipping groups have diverted vessels away from the Red Sea and the Gulf of Aden following attacks by Yemen's Houthis.
19 Jan, 2024, 10.07 AM IST
Billionaire Maersk family forms green methanol firm for shippingThere is a green methanol production capacity of 153,000 tons in operation at the moment around the world, which also includes demonstratio...
15 Sep, 2023, 09.55 AM IST
Shipping giant Maersk taps investors for first dollar green bondMaersk would use the proceeds from the offering to help itself finance or refinance green assets, including fixed assets, capital and opera...
12 Sep, 2023, 09.42 AM IST
Maersk sells last major energy asset as it focuses on logisticsMaersk has been close to selling the Maersk Supply Service before. In 2018 it expected to complete a divestment, citing valuation estimates...
21 Mar, 2023, 09.58 AM IST
A.P. Moller - Maersk inaugurates two warehouses in IndiaThe warehouses in Farrukhnagar, Harayana and Dadri, Uttar Pradesh, take the company's total warehousing footprint to 3.3 million sq. ft. sp...
23 Sep, 2022, 01.47 PM IST
Shipping drifts off net-zero course without carbon levyThe Maersk Mc-Kinney Moller Center for Zero Carbon Shipping said such a levy could be introduced initially at as low as $50 per ton of CO2,...
25 Oct, 2021, 03.27 PM IST
Maersk raises guidance citing exceptionally strong demandThe company, which transports almost a fifth of the world’s containers, said it now sees global market demand growing 5-7% this year, compa...
28 Apr, 2021, 08.54 AM IST
Maersk is said to weigh sale of $1 billion cold container unitThe unit has seen high demand for its containers during the coronavirus crisis, with lockdowns clogging global trade routes and upending fl...
11 Mar, 2021, 08.58 AM IST
World's biggest shipper reports rebound in businessMaersk's business is closely watched within the shipping and other industries as it seen as a barometer of global trade.
11 Feb, 2021, 09.59 AM IST
Riding rough seas: World's largest shipping line banks on India for tech transformationTechnology is extremely important for Maersk and Bangalore is playing a big role in bringing about a change.
27 Aug, 2019, 05.27 PM IST
Steps taken to enhance IT infra security at JNPT: GovernmentOne of the four terminals, run by Danish firm AP Moller- Maersk at JNPT, ranked among top 12 major ports in the country, was impacted by th...
29 Jun, 2017, 07.22 PM IST
Cost reimbursed by Indian agents for utilizing global telecommunication facility not taxable: SCSupreme Court held that payments received by taxpayer towards reimbursement of costs could not be termed as fees for technical services
10 Mar, 2017, 07.33 PM IST