A downcycle is unavoidable for container shipping in 2023-24 and profits will fall by 80%, a report by HSBC Global Research forecasts.

AP Moller - Maersk has abandoned its sale of reefer container manufacturing unit MCI to China International Marine Container (CIMC) after objections from US regulators.

Spot container freight rates are continuing fall dropping 5% on the transpacific trade over the last week according to Drewry.

AP Moller - Maersk and China’s Debo Energy have inked letter of intent to purchase green methanol to provide secure fuel supply for Maersk’s 16,000 teu, methanol-powered, containerships.

Any topping out or softening of container freight rates is certainly not hitting shipping line financials with AP Moller – Maersk upping its full year profit forecast to $37bn.

The China-based technology company, Lenovo, is working with Maersk ECO Delivery to reduce the carbon emissions for ocean freight shipments of its PCs, smart devices, and infrastructure products from manufacturing locations in China to Asia Pacific...

To minimise the potential risks associated with climate change, industries across the economy are taking action to cut carbon emissions with the intent of achieving carbon neutrality. The marine industry is no exception.

As would seem to have become a quarterly tradition in these unprecedented times for container shipping AP Moller – Maersk has upped its full year profit guidance by a hefty $6bn.

Container line Maersk has added reefers to its booking suspension for shipments to Russia.

Robert Maersk Uggla is to take over Chair of the Board of AP Moller – Maersk as Jim Hagemann Snabe stands down.