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VINCENT CLERC
Supply-chain stress that peaked in covid heads higher againRising logistics costs and delivery times are pressuring central banks, with some indicators reaching multi-year highs, signaling potential...- 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...
- Maersk sees no Suez Canal return until 'well into 2025' due to Red Sea threatMaersk reported strong third-quarter demand, especially from China and Southeast Asia, and expects no slowdown in European or North America...
- 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...
- Maersk changes its tune on LNG with big ship orderThe order is for a mix of owned and chartered dual-fuel vessels totalling 800,000 twenty-foot equivalent units — a measure of how much carg...
- 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 sees improved prospects for global container tradeThe world’s supply lines are suffering from a number of disruptions, with the biggest coming from Houthi militant attacks in the Red Sea, w...
- 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.
- 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...
- 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...
- Shipping’s pandemic profit party is well and truly overWhile Maersk is well-positioned to navigate the storm, its days as one of Europe’s most profitable companies are numbered.
- 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...
- Maersk sees no let up in surging cost of shipping goodsMaersk is viewed as a bellwether for global trade as it transports goods for retailers and consumer companies from Walmart and Nike to Unil...
- 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...
- New Bunker Adjustment Factor formulaBunker prices have tripled within the last three years and bunker costs now constitute nearly half of the total vessel costs, up from 20% a...
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