Last year, container shipping heavyweights including MSC, Maersk, CMA CGM and others, joined forces on digitalization, standardization and interoperability in the container shipping industry. The move indicates a greater commitment to digitalization, and standardization thereof, at a time when there are growing pressures from consumers and the public in general on the supply chain to be more reliable, environmentally-friendly and sustainable. Speaking to World Maritime News F

Nine major terminal operators and shipping companies have signed a Memorandum of Understanding (MoU) to launch an open digital platform based on distributed ledger technology (DLT), The Maritime Executive, a major industry source for maritime and marine news, reported Nov. 6. The MoU, aimed at forming a consortium to develop a shipping industry blockchain alliance dubbed the Global Shipping Business Network (GSBN), has been signed by the world’s leading shipping operators dur

A Maersk vessel loaded with Russian fish and South Korean electronics will next week become the first container ship to navigate an Arctic sea route that Russia hopes will become a new shipping highway. The Arctic voyage by the 3,600 20-foot container capacity Venta Maersk is the latest step in the expansion of the so-called Northern Sea Route which is becoming more accessible to ships as climate change reduces the amount of sea ice. The brand new Venta Maersk, one of the wor

The ULCV Mumbai Maersk has broken the 19,000 TEU load mark, setting a new world record at 19,038 TEU. She achieved the new milestone at Tanjung Pelepas, Malaysia, then got under way for Europe. She is expected in Rotterdam on September 5. The 2018-built Mumbai Maersk is the firm's latest Triple-E class vessel, and has a nameplate capacity of 20,600 TEU. UASC (now part of Hapag-Lloyd) set a previous record in 2015 when its ULCV Al Muraykh loaded 18,601 containers. Maersk Line'

Ton van den Bosch, global head of ports & terminals at Ince & Co, highlights the emerging trends in the logistics, intermodal and supply chain sectors and suggests that further consolidation and integration can be expected. A transformative trend is gathering pace in the logistics, intermodal transportation and supply chain business. Historically, shipping lines, terminal operators, freight forwarders, supply chain and logistics companies have each been focused mainly on thei

The transformation of Maersk Group from a conglomerate to an integrated global container logistics company is expected to take between three to five years, the Danish giant revealed during its Capital Markets Day held on February 21. One year into its new strategy, A.P. Moller – Maersk claims to have already started unlocking value from its integration in the form of improved terminal utilisation, improved inland services, optimised hub operations, joint production planning b

Maersk Tankers, part of the energy division of Danish A.P. Moller – Maersk, has entered an equity agreement with CargoMetrics Technologies LLC (CargoMetrics), a Boston-based hedge fund specialising in quantitative trading models derived from shipping data. In line with the terms of the deal, Maersk Tankers will be provided with access and exclusive rights to CargoMetrics’ analytical models, algorithms and capabilities, the tanker owner said. CargoMetrics links satellite signa

Although the maritime industry has long been understood as a traditional industry, it is being transformed by digitalization and connectivity. This has created opportunities for growth as maritime operations can be improved by sharing information and involving all parties in the transport chain. However, digitalization comes at a cost as everyone is exposed to the threat of a cyberattack. The shipping industry has emerged as an easy target because such attacks can affect navi

One of the key issues ship owners and operators are facing is ensuring the efficient use of energy while at the same time meeting new environmental regulations being implemented on a global and regional basis. Getting an insight into energy optimisation and alternative energy sources is central to both cost and environmental control. Visitors to the maritime exhibition Europort will be able to take part in some unique events at which cutting edge technology solutions will be

Maersk Line, Mediterranean Shipping Company (MSC) and Hyundai Merchant Marine (HMM) have reached an agreement to enter into a new strategic cooperation. The cooperation is a combination of slot exchanges and slot purchases between the three parties, as well as Maersk Line and MSC taking over a number of charters and operations of vessels currently chartered to HMM. Although the cooperation is outside the scope of MSC and Maersk Line’s 2M vessel sharing agreement, it “will pro

Mexican authorities have seized some 278 kilograms of cocaine from a container carried by the 63,200 dwt containership Laura Maersk. According to the information provided by the Mexican government, the vessel, operated by Danish shipping giant Maersk, brought the container to the port of Manzanillo, where the illicit content was discovered. A total of 295 packages were hidden inside a cargo of magnetic rollers. The container with the cocaine was reportedly loaded onto the 200

The European Commission has closed its formal investigation into fourteen container shipping companies due to a suspected breach of antitrust rules without finding an infringement of EU competition law. The Commission also adopted a decision that renders legally binding the commitments offered by fourteen container liner shipping companies, which aim to increase price transparency for customers and to reduce the likelihood of coordinating prices. The Commission opened the inv