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CEO VINCENT CLERC
Maersk boosts outlook on stronger-than-expected container demandGlobal shipping giant Maersk expects the container market to remain strong throughout 2024, with container volumes now projected to grow by...- 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...
- Andhra CM leaves for World Economic Forum in DavosAndhra Pradesh Chief Minister N Chandrababu Naidu is in Davos, Switzerland for the World Economic Forum. He leads a delegation and has 36 e...
- US ports facing ‘goods recession’ amid holiday lull, tariff woesNew data reveals a month-over-month dip in October, with significant year-on-year decreases anticipated for November and December. This slo...
- Maharashtra working with 360-degree approach on investments: CM Devendra FadnavisMaharashtra has adopted a comprehensive approach to attract investments across various sectors including manufacturing, technology, data ce...
- Maersk and Hapag-Lloyd announce two ocean network options with equal industry-leading schedule reliabilityMaersk and Hapag-Lloyd are set to launch their Gemini Cooperation in February 2025, aiming to create a flexible and interconnected ocean ne...
- US retailers rush holiday imports, fearing strikes and disruptionsContainer imports and freight rates surged in July, signaling an earlier-than-usual peak season for the ocean shipping industry that handle...
- Maersk Q2 Results: Profit drops 45% to $833 million over disruptions in global supply chainsThe Red Sea crisis has led to increased operating costs for Maersk, it said, necessitating rerouted shipping lanes that have impacted the c...
- 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.
- US lists Houthis as terrorists, rebels hit another US-operated shipThe U.S. designates Yemen's Houthi rebels as terrorists amid escalating tensions. The move comes after Houthi attacks on U.S.-linked vessel...
- Shipping CEOs see no short-term end to Red Sea disruptionsDisruptions to supply chains that began during the pandemic were partly behind an initial bout of inflation that occurred before energy pri...
- Business heads fear lasting bottlenecks from Red Sea crisisAttacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major...
- PM Modi inaugurates Vibrant Gujarat Global Trade Show 2024 in GandhinagarThe trade show will be open for business on Wednesday and Thursday, and then for the general public for two more days. Australia, Tanzania,...
- Global shipping giant Maersk to slash 10,000 jobs, citing difficult container trade environmentThe announcement was made as Copenhagen-based Maersk presented its quarterly report, which listed profits before taxes at USD 691 million, ...
- World trade forecast cut as Maersk flags fears for economyMaersk said that global container trade is likely to plunge 4% this year. This is down from the Copenhagen-based company's previous predict...
- Global trade slows in blow to Maersk as further hit expectedAs business activity across the world is slowing, companies are looking to reduce inventories rather than moving new goods from Asia to Eur...
- Maersk sees global trade contracting as much as 2.5% in 2023The shipping market has normalised after two years of exceptionally high freight rates, when supply snarls and and a shortage of vessels al...
- Maersk replaces CEO to steer shipping firm through turbulent watersCompany veteran Clerc, who currently heads the company's Ocean & Logistics business, is taking the helm at a time of slowing demand for tra...
- 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.
- Petya ransomware continues to clog up port systems,major networksAs of Midday Tuesday in North America, Kaspersky Lab analysts said about 2,000 users had been attacked, with organisations in Russia and Uk...
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