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Maersk Launches USD 1.5 Bn Share Buyback Program

Maersk

Mærsk has decided to initiate a share buy-back program of up to USD 1.5 billion.

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Maersk Secures USD 5 Bn Loans to Reach Green Shipping Target

Maersk

Maersk has secured a new sustainability-linked revolving credit facility of USD 5 billion.

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Maersk Posts Higher Earnings, Expects Weak Start of 2020

Maersk Edith

Maersk managed to improve earnings and free cash flow in 2019.

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Maersk Buying Performance Team in USD 545 Mln Deal

Maersk

Marsk is bolsterings its logistics and services with the acquisition of Performance Team.

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Maersk Tema Boarded by Pirates off Guinea, Crew Safe

Maersk Tema

Maersk Tema boarded by pirates while underway off the coast of West Africa on Friday, February 14.

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MSC, Maersk Partner Up with SM Line on Transpacific Route

2M

Maersk and MSC, which together form the 2M Alliance, have found a new South Korean partner.

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Hamburg Will Not Lose Cargo due to Liner Service Changes

Port of Hamburg

The Port of Hamburg is not expecting a lower container throughput caused by liner service changes.

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Maersk Ups Bunker Surcharge amid VLSFO Price Rise

Mumbai Maersk

Prompted by a price surge of VLSFO, Maersk has decided to increase its bunker surcharge.

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Maersk CEO: EU Antitrust Rules Hurt Firms’ Competitiveness

Maersk

Strict competition rules in Europe prevent the creation of EU giants that would compete with US and Chinese rivals.

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Hapag-Lloyd Inks Space Charter Deal with Maersk and MSC

Hapag-Lloyd

Hapag-Lloyd has signed a space charter agreement with the members of the 2M Alliance.

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Maersk Targeted in Petrobras Bribery Investigation

Maersk being investigated by Brasilian authorities over suspected involvement in the Petrobras bribery scandal.

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Clerc Takes Over as CEO of Ocean and Logistics at Maersk

Maersk

Maersk appointed Vincent Clerc as CEO of Ocean and Logistics.

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OceanPro Concludes 2nd, Unveils 3rd Cohorts of Tech Startups

OceanPro

Maersk’s startup accelerator OceanPro announced a successful conclusion of its second cohort of tech startups.

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Maersk Kicks Off Office Workforce Cuts

Workforce reductions will occur both in and outside Denmark.

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Maersk Invests in Danish Startup Onomondo

Maersk

Maersk Growth introduces its first Danish investment, Onomondo.

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Former Maersk COO Toft Joins MSC as CEO

MSC

Toft joins MSC after spending the past 25 years at Maersk.

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Maersk’s Operating Results Up despite Lower Container Demand

The company delivered strong free cash flow and a return on invested capital of 6.4%, according to Maersk CEO.

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Maersk’s Søren Toft Leaves, Company Looking for New COO

The responsibilities as Chief Operating Officer will in the interim be taken on by Søren Skou.

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Maersk Invests in Return Logistics Start-Up ZigZag

ZigZag helps retailers to reduce the cost and complexity of managing returns with its software and functionality.

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Maersk to Pilot Battery System on 4,500 TEU Boxship

A containerized 600 kWh marine battery system will be installed on board the 4,500 TEU Maersk Cape Town.

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Industry Coalition Launched to Develop Low-Carbon Fuel

Maersk

Shipping companies A.P. Moller-Maersk and Wallenius Wilhelmsen team up with clients to form the LEO Coalition.

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