AP Moller-Maersk has signed a volume commitment extension agreement for 2019 with Emirates Global Aluminium (EGA) to ship EGA’s aluminium globally.

Owner of the world’s largest container line AP Moller – Maersk released its annual results on Thursday talking about an accelerated transformation, however, more than two years into a huge restructuring exercise the group remained in the red for 2018.

Maersk has set out a vision to achieve zero carbon dioxide emission by 2050, with an intermediate goal of having carbon neutral vessels commercially viable by 2030.

AP Moller-Maersk, CMA CGM, Ocean Network Express (ONE), Hapag-Lloyd and MSC have joined hands to form a new container shipping association to pave the way for digitalisation, standardisation and interoperability in the container shipping industry.

As AP Moller - Maersk seeks to exit energy related business offshore rig owning company Maersk Drilling reported a $1.67bn loss for Q3, hit by impairments of $1.75bn.

The world’s largest container line, Maersk Line, was back in the black in Q3 despite the impact of a cyber attack, but APM Terminals fell into the red as overcapacity took its toll.

Ernst & Young (EY) and software security firm Guardtime, in collaboration with six industry participants including AP Moller-Maersk and Microsoft, have launched the world’s first blockchain platform for the marine insurance sector.

If you were to choose a core business based on performance over the last decade container shipping would be unlikely to top the list.

AP Moller-Maersk Group is expecting to take a $200-300m hit for its full year earnings in 2017 due mainly to lost revenue in July as a result of a crippling cyber-attack.

Maersk Line has delivered a first half profit of $273m, erasing the loss of $114m in the year-ago period, due in part to the continued recovery in the container shipping market.

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