Tag: Maersk

Leak in one of his heart valves A.P. Moller - Maersk Group CEO Nils S. Andersen has been admitted to hospital in Switzerland on 30 December 2011.Nils S. Andersen has, unwittingly, had a leak in one of his heart valves, caused by either an infection or a weakness. During a vacation in Switzerland his condition deteriorated acutely, and therefore he has undergone surgery which comprised replacement of a cardiac valve. The operation went well. Nils S. Andersen is expected to be absent for about one month, and the doctors are expecting a full recovery."I am very sorry that Nils S. Andersen is going through this course of illness, but I am pleased that he quickly received the right, skilled treatment which coupled with the fact that he is in good shape means that we can soon welcome him back," says the chairman of the board of A.P. Møller - Mærsk A/S, Michael Pram Rasmussen."The Executive Board will continue to run the A.P. Moller - Maersk Group, however, during Nils S. Andersen's absence the individual board members will be in close contact with me," says Michael Pram Rasmussen.Source: A.P. Moller-Maersk Group

Analyst predicts disastrous 2012 for crisis-hit container lines The rates war that has shattered the Asia-Europe trades this year looks set to worsen in 2012, analyst Alphaliner has predicted in its latest report.Far from restoring some stability to one of the world's major shipping routes, the recent round of service restructuring could intensify competition between the major players, warns the analyst."These developments forbode that the unrelenting rate war on the Asia-Europe trade is set to continue and could spell disaster for carriers in 2012," Alphaliner said.The dire prediction follows some major realignments over the past month as lines respond to Maersk's challenge to offer shippers daily departures from key Asian ports to northerrn Europe.First came the vessel sharing and slot exchange agreement between MSC and CMA CGM that will allow the two lines to deploy the biggest and most cost-efficient ships available in their respective fleets in each of their four joint Asia-northern Europe loops.That was followed last week by the announcement that the three members of the Grand Alliance are to co-operate with their opposite numbers in the New World Alliance in a six line super consortium, the G6. Then this week, Evergreen revealed plans to collaborate more closely ...

Increasing its Triple-E vessel orders to 30 f Danish Maersk Line, the world's largest container shipping company, has yet to decide whether to exercise an option to increase its Triple-E vessel orders to 30 from 20, but doesn't expect to do so, a senior company executive said Tuesday.Maersk Line, a unit of Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), has ordered two tranches of 10 Triple-E ships from South Korean manufacturer Daewoo Shipbuilding & Marine Engineering Co., and has an option to order a further 10 before the end of February 2012."We have not taken the decision yet, but we do not expect to use the option," Maersk Line Chief Operating Officer Morten Engelstoft said.Since Maersk Line ordered the first two tranches of the Triple-E ships and secured the option, the global economy has deteriorated, shipping rates have dropped to unsustainable lows and the shipping industry has ramped up orders of new tonnage for the key Asia-Europe routes that Maersk had ordered the Triple-E ships for.Tuesday's statement was a repetition of previous comments made by Engelstoft."It's good to have the option open, but I don't expect that our estimated capacity needs will have changed substantially by year-end, and this would ...

What it's like to be crew onboard the container ship Edith Maersk.

World's largest container-ship operator battles stormy waters Commanding 14.5 percent of the world's shipping capacity, the 108-year-old shipping conglomerate has been the world's largest container-ship operator for 15 years.On top of the building flutters the company's flag, a white seven-pointed star against a light blue background, which has almost become a symbol of Danish economic prowess.A gust of chilly wind rippled the water in front of the gigantic cube, sending the white star flag flapping, as if announcing the arrival of winter."For the shipping industry, we foresee the coming months and years will be volatile and difficult," said Nils S. Andersen, partner and group chief executive officer.The biting cold has already stricken the whole industry. Pressed by surging oil prices and over-capacity, this year has seen deficits in most big shipping companies across the world.During the first nine months of this year, Hanjin Shipping Co Ltd, Hyundai Merchant Marine Co Ltd and STX Pan Ocean Co Ltd, the three biggest shipping companies in South Korea, each reported losses of several hundred million dollars.In China, COSCO Holdings Co, the country's largest shipping line by capacity, reported a 2.1 billion yuan ($330 million) loss for the third quarter.During the first nine months ...

Kolding will become the new CEO of Danske Bank Danish shipping and oil group A.P. Moller-Maersk has appointed the head of its tankers business, Soren Skou, to become the new chief executive of its container shipping arm Maersk Line.Skou will succeed Eivind Kolding on Jan. 16, the company said, as Kolding will become the new CEO of Danske BankSource: Reuters

Maritime Academy of Asia and the Pacific A top executive of MAERSK Line, the largest container shipping firm in the world, lauded the Maritime Academy of Asia and the Pacific (MAAP) for its exemplary standard in maritime education, thus producing quality merchant marine officers in the Asia-Pacific region.In her commencement keynote speech at the graduation of MAAP dual class of Dec. 15, 2011 at the state-of-the-art, 108-hectare MAAP campuse here, MAERSK Line crewing operations general manager Marie Patricia Cooper said: "This Academy is one of the 'best' sources of deck officers and engineers in the region," as she expressed optimism the graduates can contribute in the operations and development of the maritime sector."She congratulated not only the 47 members of the graduating class for completing the dual Bachelor of Science degree for Marine Transportation and Engineering (BSMTE), but especially the Associated Marine Officers' and Seamen's Union of the Philippines (AMOSUP) that runs MAAP under Chairman-President Dr. Condrado F. Oca, and the MAAP headed by its President Vice Admiral Eduardo Ma. R. Santos (AFP, ret.), a former chief of the Philippine Navy and vice chief of staff of Armed Forces of the Philippines (AFP)."The sterling leadership and management expertise of Dr. ...

Søren Skou has been appointed as the new CEO of Maersk Line Søren Skou has been appointed new CEO of Maersk Line with effect from 16 January 2012. Søren Skou was previously CEO of Maersk Tankers and replaces Eivind Kolding who is leaving Maersk Line to become Chairman of the Executive Board of Danske Bank."Under Eivind Kolding's skilled leadership, Maersk Line has undergone an impressive turnaround. Its competitiveness has improved significantly and at the same time, Maersk Line has set new standards for the industry with regards to environment and reliability. Furthermore, Maersk Line has gotten a much stronger focus on the customers," says Group CEO Nils S. Andersen, A.P. Moller - Maersk."I am very pleased that Søren Skou has accepted the important task as CEO of Maersk Line. Søren is a sharp and visionary leader with strong international leadership experience, not least within shipping. He knows container shipping very well both from the time he worked for Maersk Line but also as a member of the Group's Executive Board where he has stayed in close touch with Maersk Line and the industry. He is quite the right man to continue the development of Maersk Line and expand our positions ...

Fuel produced at the AB Orlen Lietuva refinery being stored on board ready for trials UK Quadrise Fuels International says that a batch of its Marine MSAR fuel was produced at the AB Orlen Lietuva refinery and shipped to Rotterdam. It was then put in a segregated bunker fuel tank on the Maersk-nominated vessel which is to carry out trials. The emulsion fuel is being developed as "a low cost alternative to heavy fuel oil in the shipping, refining and power generation markets".Quadrise says that Maersk will manage the programme to completion of the fuel evaluation report and that the switch to Marine MSAR from conventional fuel oil will happen when performance evaluation equipment is commissioned and specialists from Maersk, Quadrise and the engine manufacturer can join the vessel and monitor the initial operations, first hand. The report on the trials should be completed in the second quarter of 2012.Quadrise's chairman, Ian Williams, said: "The development of MSAR fuel continues to make solid progress, particularly for marine application, and we expect to continue to make significant strides forward in our managed project programmes in 2012. We are also very pleased to have received advice on progress being made by our ...

Simulators for MOSAIC 2 facility Kongsberg Maritime simulators have been selected for the forthcoming MOSAIC 2 facility (Maersk Offshore Simulation and Innovation Centre) at Maersk Training in Svendborg, Denmark. Building officially commenced on the state-of-the-art new facility on the Maersk Training campus on 29th November 2011.A frame agreement signed by Kongsberg Maritime and Maersk Training on December 12th 2011 covers delivery of a range of simulators and ongoing support that will act as the platform for high quality offshore drilling operations training at MOSAIC 2. The new training facility expands on the existing MOSAIC facility in Svendborg that opened in February 2010 and uses sophisticated offshore simulators supplied by Kongsberg Maritime to train Maersk Supply Services personnel.The MOSAIC 2 simulator delivery is scheduled to start within 6 months and includes a KONGSBERG offshore vessel simulator with the flexibility to be configured as various vessels, i.e. a control room on-board a floating semi-submersible rig, a jack up towmaster station and an anchor handling vessel. The new simulator will be mounted on a motion platform and will together with Kongsberg's K-Chief 700 automation system, K-Pos Dynamic Positioning Trainer and a Ballast Control system give the crews a very realistic experience in genuine ...