Maersk considers suspending container bookings to Russia February 28, 2022 Logistics giant Maersk said today it is considering whether to suspend all container bookings to and from Russia following the set of restrictions imposed yesterday by the EU. A land and ocean suspension of operations is among the sanctions under review. The group said it was closely monitoring the situation while it safeguards “our operations [...]
Meet WasteFuel, the company helping Maersk achieve its decarbonisation goals February 5, 2022 Shipping giant Maersk has recently made industry headlines when it announced it had decided to anticipate its net-zero deadline by a decade. Maersk, the second largest shipping operator in the world, announced in January it would become net-zero by 2040, a decade before its original target. Instead of complying with the International Chamber of Shipping’s [...]
Maersk to become net zero by 2040, a decade before the initial target January 12, 2022 Shipping giant Maersk has announced that, alongside its whole supply chain, it will become net zero by 2040, 10 years before the initial 2050 target. To dramatically cut its environmental impact, Maersk has set both near and medium-term targets, including a 50 per cent reduction in emissions per transport container as well as 70 per [...]
Maersk to buy Hong-Kong LF Logistics for $3.6bn December 22, 2021 Shipping giant Maersk has agreed to buy Hong-Kong logistics company LF Logistics for $3.6bn. The deal, all-cash and one of the biggest ever made in Maersk’s history, will help the Copenhagen-based company expand its reach and capabilities in the Asia Pacific region. “With the acquisition of LF Logistics, we add critical capabilities in Asia Pacific [...]
Shipping delays will continue into next year, Maersk warns November 2, 2021 The supply chain crisis will extend into next year, Maersk has warned today while the the world’s largest container shipping group sees profits rise. A shortfall in the number of truck drivers, particularly in Britain and the US, has stopped hundreds of container vessels from being able to deliver goods around the world, the group [...]
Shipping will not reach net zero without a carbon tax says industry report October 25, 2021 The global shipping sector is going in the wrong direction when it comes to net zero commitments, as it is currently at risk of registering a 20 per cent increase in its greenhouse gas emissions by 2050. According to a report from Maersk McKinney Moller Center for Zero Carbon Shipping, at the current pace only [...]
The Christmas ship may have sailed warn delivery experts post Felixstowe bottleneck October 13, 2021 The Christmas ship might have already sailed, as Felixstowe’s massive bottleneck is causing container ships loaded with Christmas gifts to be redirected towards EU ports. According to home delivery company Parcelhero, the next two weeks will be critical for retailers as shipping companies are doing everything they can to allow warehouses to be fully-stocked in [...]