Maersk

Maersk CEO: Keeping the Strait of Hormuz open is crucial

During an interview with CNBC, Maersk’s CEO, Soren Skou, provided his thoughts on the US-China trade war, and the recently-signed Phase 1 deal. He also commented on the slowed trade, as well as the problematic situation at the Strait of Hormuz.

Court decision confirms narrow turnover duty of owners

Recently, the Eleventh Circuit Court of Appeals has reiterated the narrow scope of the turnover duty on a claim brought by an injured longshoreman related to an incident that occurred in the Port of Savannah. Specifically, in Purvis, a longshoreman was injured when an open manhole cover latch fell on his head as he ascended through the manhole for at least the second time.

Maersk part of Bloomberg’s Gender-Equality Index

Bloomberg recently informed that 325 companies across 42 countries and regions are involved in the Bloomberg Gender-Equality Index (GEI) for 2020. Among those companies, is also the international container company, A.P. Moller – Maersk. 

Hapag-Lloyd, Maersk, MSC sign space charter agreement

Hapag-Lloyd recently announced its collaboration with the 2M Alliance members, Maersk and Mediterranean Shipping Company (MSC). Specifically, companies signed a space charter agreement which will further allow Hapag-Lloyd’s entrance into selected services of 2M on the Asia-North Europe trade.

EU antitrust policy could benefit China and the US, Maersk CEO warns

Maersk CEO Soren Skou warned that strict EU enforcement of competition rules prevents the development of the global champions, that are necessary to compete with Chinese and US companies. As he explained, with that way Europe risks being outperformed by a Chinese company.

Ukrainian ports handled more than 1 million TEU containers in 2019

According to a recent statement, the Ukrainian seaports exceeded the volume of container transshipment of 1 million TEU at the end of 2019, for the first time in the last 10 years. According to the operational data of the Ukrainian Sea Ports Authority (USPA), one million and three and a half thousand TEU containers were handled in the ports for the whole of 2019; this is more than 18% higher than in 2018.

Container ship rescues three Iranian mariners

According to the U.S. Naval Forces Command, on 18 December the U.S. flagged container ship named “Maersk Kinloss”, managed to save the life of three Iranian mariners who have been stranded at sea for several days.

Maersk drawn into Petrobras bribery investigation

Maersk is accused of paying $3.4m on bribes to get shipping contracts from the Brazilian energy giant, Petrobras, which has been caught up in a multi-billion dollar bribery case for years. Namely, Maersk has confirmed that its offices in Rio de Janeiro and Sao Paulo have been searched by the Brazilian Federal Police, adding that it will fully cooperate with the authorities, in relation to the allegations regarding the payment of bribes to national oil company Petrobras over a 10-year period through to 2012.

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