Container line CMA CGM says the 0.5% sulphur cap in 2020 will cost an additional average of $160 per teu, and will be charged to customers through fuel charges.
AP Moller – Maersk is splitting Damco in two integrating its supply chain business into Maersk Line with its freight forwarding business remaining under the Damco brand.
Maersk Line rolling out a new Bunker Adjustment Factor (BAF) designed to recover increases in fuel related costs from the 2020 0.5% sulphur cap which could exceed $2bn for the container shipping company alone.
Shipping giant Maersk Group is set to announce an organisational restructuring according to Danish newswire Ritzau Finans.
Rapidly following through on its January announcement planning to set up a blockchain platform, AP Moller–Maersk and IBM have launched TradeLens, jointly developed by the two companies to apply blockchain to the world’s global supply chain.
Maersk Line's intra-Asia and feeder arm MCC Transport is launching a new service connecting East Malaysia with China and South Korea.
Naval Dome ceo Itai Sela has warned that the cyber attack on Cosco Shipping Line’s Long Beach terminal customer service centre could easily spread to its ships and recommended that the group thoroughly verify the breach has truly been contained.
The 2M Alliance comprising Maersk Line and MSC has entered into a long term cooperation with ZIM Integrated Shipping on the Asia – US East Coast trade.