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The Latest Breaking News from Maersk

US to announce expanded protection force for Red Sea shipping

Response to Houthi attacks from Yemen seeks to reassure commercial shipping companies avoiding use of Red Sea

The Guardian - UK

US military leaders head to Israel and will offer advice on shifting to the war's next phase in Gaza

The top two U.S. military leaders are traveling to Tel Aviv to advise the Israeli government on how to transition from major combat operations against Hamas in Gaza to a more limited and precise campaign

The Independent UK

Shipping Firms Suspend Red Sea Traffic After Yemen Rebel Strikes

Two of the world's largest shipping firms, Maersk and Hapag-Lloyd, said Friday they were suspending passage through a Red Sea strait vital for global commerce, after Yemeni rebel attacks in the area.

International Business Times

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Maersk Rejects Houthi Allegation of Yemeni Militia Attack

Unraveling maritime mysteries! Maersk debunks Houthi allegations, pummeling the claim that their container vessel was struck by Yemeni militia. High seas d...

Top News

Renewable exec on ‘relentless consumption’ driving the climate crisis: 'It seems as if people are behaving in a way that we would never tell our children to behave’

WasteFuel’s Trevor Neilson spoke at the Fortune Global Forum in Abu Dhabi on consumption, biofuels and climate activists: “They’re an interesting bunch.”

Fortune

Fortune 500 And Bitcoin: Top Public Companies Embrace Crypto

The global cryptocurrency payments could grow at 18

Zenger

How AI-enabled KPIs can help leaders align their companies—and get better results

AI can change how organizations measure, analyze, and align performance, replacing static, legacy metrics with dynamic, smart KPIs.

Fortune

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Exporters worry that fairweather friends will fly away for northern summer

Kiwi producers and importers are both keeping a weather eye on air freight prices with concerns the cohort of airlines that have entered the market when tourism times are good won’t stick around when they're really needed – when cargo demand picks up again. Emma Hatton reports.

Newsroom.co.nz

Maersk to cut 10,000 jobs as shipping demand drops

Danish company has axed 6,500 of those roles already, with global economic slowdown taking toll

The Guardian - UK

Green fuels in shipping face major challenges for 2050 net zero target

Ships carry around 90% of traded goods and emit about 3% of global CO₂. The International Maritime Organization (IMO), the UN agency responsible for regulating shipping, recently set out plans for this industry to reach net zero emissions by 2050.

The Conversation

From Titanic to American Sniper: the biggest lies in fact-based movies

Controversy over debunked elements of Oscar-winning drama The Blind Side won’t be the first time a film based on a true story has taken liberties with the truth

The Guardian - US

Global shipping has a new climate strategy – it's vague, obscure and almost noncommittal, but it may be pointing the industry in the right direction

The world’s largest shipping companies are starting to update their fleets for a greener future. Maersk received the world’s first dual-fuel methanol container ship in July 2023, and dozens more container ships that can run on alternative fuels are currently on order.

The Conversation

Green shipping is here. Except it really isn't

Does the transition to green shipping depend on greater demand? Maybe, maybe not.

Fortune

GE shuffles its CFO as it prepares to split into 3 public companies

Carolina Dybeck Happe will step down as finance chief, and Rahul Ghai will become the CFO, effective Sept. 1.

Fortune

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Fortune

New EPA rules on electric vehicles could give a huge boost to this Swedish trucking startup

Einride, a mobility-software startup from Sweden, is building a fleet of EV trucks for long and short hauls in the U.S.

Fortune

Maersk's unconventional carbon-neutral plan: Selling off its most profitable unit

The Danish firm sold off its oil and gas business, instead focusing on making its shipping business more sustainable.

Asharq Al-Awsat

Saudi Arabia Develops a Global Integrated Logistics Park

Saudi Arabia aims to develop a global integrated logistics park in the al-Khumrah region, west of the Kingdom. The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce signed an agreement to set up a $267.6 million integrated logistics park at al-Khumrah, south of Jeddah, to boost economic development, national…

Asharq Al-Awsat

Middle East’s Largest Logistics Park Runs on Renewable Energy in Western Saudi Arabia

The Saudi Ports Authority (Mawani) and Maersk announced on Wednesday the launching of the biggest comprehensive logistics zone in the Middle East at the Jeddah Islamic port, in western Saudi Arabia. In a statement, Mawani said that the logistics park, which will stretch over an area of 225,000 square meters,…

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The Independent UK

Maersk sues Evergreen over 2021 blocking of Suez Canal

The world’s biggest shipping company has sued a rival shipping line in a Danish court, seeking compensation for ship delays that resulted from the blocking of the Suez Canal by a hulking vessel two years ago

Asharq Al-Awsat

Maersk Sues Evergreen over Suez Canal Blockage in Danish Court

Shipping group Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever Given, which blocked the Suez Canal for six days in 2021, claiming compensation for delays caused by the incident. The Danish company did not disclose the size of the claim…

The Independent UK

Shipper Maersk reports most profitable year, warns of drop

The world’s biggest shipper, Denmark’s A

Reuters

Turkish port of Iskenderun damaged, ships diverting -Maersk

The southern Turkish port of Iskenderun has suffered severe structural damage due to an earthquake with all operations halted until further notice, container shipping firm AP Moller Maersk said on Tuesday.

ABC News

As the world moves to a low carbon economy, has diesel fuel run its course?

New technology to replace diesel fuel could transform the freight industry and a lot of the machinery used in agriculture and mining. So what does that look like on the ground?

Newsroom.co.nz

Shipping congestion will ease once recession hits

Though economic contraction creates a raft of issues, a recession will see demand for freight pull back.

Evening Standard

Maersk warns of ‘dark clouds on the horizon’ as it cuts demand forecast amid growing recession fears

The firm said vacancy rates for warehousing fell to near-historic lows, as businesses scrambled for extra storage space to hold their swelling inventory levels after a drop-off in consumer demand

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