Maersk Line

A.P. Moller - Maersk and IBM have announced their intent to establish a joint venture to provide more efficient and secure methods for conducting global trade using blockchain technology.

Logistics managers returning to work after the July 4 holiday have been given some good news by Maersk, which has promised to reopen “key applications” after last week’s cyber attack.

While all vessel operations will continue, making “the majority” of port calls, the shipping line says it has “shut down” IT and communications infrastructure as a security measure.

With Microsoft’s cloud computing services and Azure platform, Maersk has a powerful set of tools for turning its vast operational and commercial data into more efficient operations and better products and services for customers.

While much transportation trade press attention has been given to the predicted purchase of Hamburg Sud by Maersk, the Danish mega carrier has been quietly negotiating a deal with another legendary giant in the information technology sector.

Maersk has finalized its purchase of container shipping line Hamburg Süd from the Oetker Group after both boards approved a Sale and Purchase Agreement today.

Partners from a wide variety of industries come together to create the 11th Plug and Play vertical focused on global startups that aim to rebuild the technology behind supply chain and logistics.

A South Korean court on Friday pulled the plug on Hanjin Shipping Co., declaring it bankrupt and ordering the liquidation of a company that has led the country’s shipping industry for the past four decades.

Global container shipping line Maersk and China-based e-commerce services provider Alibaba have partnered up on an endeavor which will enable ocean shippers to book space on Maersk vessels through Alibaba’s booking service, called OneTouch, according to a Reuters report.

With the acquisition, Maersk Line will have container capacity of around 3.8 million TEU and an 18.6% global capacity share, the combined fleet will consist of 741 container vessels with an average age of 8.7 years.

Denmark-based Maersk Line, the world’s largest container shipping company, said today it plans to acquire to acquire Germany-based Hamburg Süd, the seventh largest container shipping line, from the Oetker Group.

A.P. Møller - Mærsk A/S, the world's largest shipping company by capacity, announced a slump in third-quarter profits on Wednesday due to low freight prices which it said were down 16 percent year-on-year.

Will the historic downfall of one major carrier provide a lesson for other Tier 1 competitors? As maritime analysts share their insights and forecasts of the ocean carrier market for 2017, they contend that this could be the year of reckoning for some.

Hanjin’s collapse could not have happened at a worse time, with cargo volume at near-peak levels ahead of the year-end holiday season.

AP Moeller-Maersk A/S's container line, which this month ditched a strategy of building new vessels and will instead try to grow through acquisitions, is targeting South Korea's two biggest shipping firms, according to Jefferies International Ltd.