AP Moller - Maersk Archives - The Loadstar

Only just underway: Dkr11k Mærsk’s confidence rebuild

Alessandro Pasetti — Fri, 01 Nov 2024 12:27:29 +0000

It was a more convincing Mærsk CEO yesterday, Halloween, trying to address a virtual room full of analysts during the customary Q3 24 call – 14 beautiful minds joined – that followed the release of quarterly operating figures adding little to what was already disclosed last week.
However
The man pulling the strings, Vincent Clerc, neatly explained all the moving parts, what works and what doesn’t: why this is “a quarter we ...

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‘Strong’ Q3 for Maersk as it prepares for alliance launch – but no bid for GXO

Alex Lennane — Thu, 31 Oct 2024 13:31:07 +0000

Maersk has ruled out bidding for GXO, as it revealed strong Q3 earnings this morning. It also predicted little to no disruption for customers as it rolls out the Gemini network next year.
The group finished the quarter (see charts below for more detail) with ebitda of $4.8bn and ebit of $3.3bn, “which on a year-to-date basis, puts us more or less on the same level as last year”, said CEO ...

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Maersk signs long-term methanol sourcing deal

LoadstarEditorial — Wed, 30 Oct 2024 15:45:49 +0000

PRESS RELEASE
30 ottobre 2024
– The major deal with LONGi further confirms the ability of bio-methanol to achieve significant greenhouse gas (GHG) emissions reductions in this decade.
– The first volumes are expected in 2026.
Copenhagen, Denmark – A.P. Moller – Maersk (Maersk) has entered into a long-term bio-methanol offtake agreement with LONGi Green Energy Technology Co., Ltd. The agreement will contribute to lowering GHG emissions from Maersk’s growing fleet of dual-fuel methanol container ...

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Maersk expects profit hike on strong demand and Red Sea crisis

Charlotte Goldstone — Tue, 22 Oct 2024 10:22:07 +0000

AP Møller-Maersk has raised its full-year earnings guidance amid “strong container market demand”.
The Danish carrier said “on the back of strong third-quarter results combined with strong container market demand and the continuation of the Red Sea situation” it has upped its full-year ebitda forecast to between $11bn and $11.5bn.
This is up from its previous estimate of between $9bn and $11bn.
Maersk also raised its predicted ebit to sit ...

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Close price gap between fossil fuel and going green, urges Maersk CCO

Charlotte Goldstone — Fri, 11 Oct 2024 10:12:48 +0000

Shippers shouldn’t have to choose between “what is cheap, and what is the right thing to do”, according to Maersk’s CCO Karsten Kildahl, as he urged authorities to close the fuel-pricing gap.
On the sidelines of Maersk’s vessel-naming ceremony at the UK port of Felixstowe this week, Mr Kildahl explained: “If I look at our top 200 customers, more than two-thirds of them already have science-based targets for their emissions. And ...

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Gemini warns of ‘meltdown’ when Suez reopens

Charlotte Goldstone — Thu, 10 Oct 2024 10:51:17 +0000

Maersk has warned of an “operational meltdown” when carriers are able to use the Suez Canal again.
The Danish liner, along with Hapag-Lloyd, announced their hub-and-spoke Gemini Cooperation services would go round the Cape of Good Hope instead of the still-volatile Red Sea.
Maersk told customers yesterday: “After thorough consideration, and given the continued safety concerns in the Red Sea, Hapag-Lloyd and Maersk confirm they expect to phase-in their Cape of Good ...

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Photo Blog: Maersk names latest dual-fuel methanol vessel Alexandra Mærsk

Charlotte Goldstone — Wed, 09 Oct 2024 15:16:16 +0000

Today, AP Moller-Maersk named its newest dual-fuel methanol vessel Alexandra Maersk at Felixstowe, the UK’s busiest container port. Alexandra Maersk will be deployed on an Asia-Europe service.

Alexandra Maersk is the sixth vessel in Maersk’s owned fleet able to sail on methanol in its main and auxiliary engines. It is the fifth ship in a series of 18 large dual-fuel methanol vessels scheduled for delivery this year and next. Each can ...

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Looming ‘indefinite’ strike set for the Port of Montreal as tensions rise

Charlotte Goldstone — Tue, 08 Oct 2024 12:01:33 +0000

Labour tensions are rising at the Port of Montreal in the countdown to an “indefinite strike”, while carriers push to hike rates on the transatlantic.
The Port of Montreal Longshoremen’s Union has issued an overtime strike notice to begin at 7am on 10 October, set to last indefinitely. This follows a three-day strike that halted operations at two of the busy Canadian seaport’s terminals last week.
After the union announced that ...

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DHL, Mærsk, Kuehne & DSV – tears & rain, hope & faith

Alessandro Pasetti — Tue, 08 Oct 2024 11:17:01 +0000

Following the excitement of last week’s updates from DSV on its €14.3bn Schenker purchase, related funding and narrowed 2024 guidance, our focus has soon enough shifted to the Q3 24 earnings of the main actors in transport and logistics (T&L).
Reporting season opens stateside next Tuesday, 15 October, with intermodal and land services provider JB Hunt, which as usual will take the pulse of T&L investors – however, saying little about ...

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Vessel bunching on USEC slow to clear, as ILA shapes new ‘strategy’

Charlotte Goldstone — Mon, 07 Oct 2024 12:16:45 +0000

The ILA has vowed to continue its “hell-bent” fight against automation as the effects of last week’s three-day strike disrupt supply chains.
The union told its members over the weekend that, while it had negotiated an “unprecedented” 61.5% wage increase offer across six years, it had decided, as a “crucial part of the overall strategy”, not to accept this immediately.
“If we were to accept the wage increase now, we would have ...

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