Tag: Maersk

The Clean Shipping Index is a tool for cargo owners to evaluate the environmental performance Maersk Line is the first verified shipping company in the Clean Shipping Index. The Clean Shipping Index is a tool for cargo owners to evaluate the environmental performance of shipping companies. The Clean Shipping Index has now a global reach with 30 large international cargo owners - the Clean Shipping Network - and around 45 world wide shipping companies have submitted environmental performance data regarding their vessels to the Index.The verification of Maersk data as a shipping company has been a process with random inspections of vessels all over the world. This has been done by Lloyds Register in London which is one of so far three classification societies accredited to make verification according to the Clean Shipping Index. - It is an absolute need to have verified environmental data in a selection process of carriers for our products", says Stefan Bodelind, Global Sourcing Manager Sea Containers at AkzoNobel, the large Dutch paint and chemical manufacturer and also a member of the Clean Shipping Network. "If we fully can trust the information it is easier to take serious environmental decisions with sometimes large economical consequences".Source: ...

Many container carriers have been losing money Global container ship operators, hammered by high costs, oversupply and flagging demand, are cutting shipping capacity to shore up freight rates depressed by a sluggish global economy.Many container carriers have been losing money since the third quarter as freight rates fell sharply, mainly due to a supply glut, industry experts said at a regional logistics and maritime conference here on Friday.The Shanghai Shipping Exchange's China Containerised Freight Composite Index fell about 12 percent this year to 923.7 on Friday. Freight rates on the China-Europe route have tumbled about 35 percent.The shipping industry is a barometer for the global economy as it accounts for more than 80 percent of international trade volume.Maersk Line, a unit of Danish shipping and oil group AP Moller-Maersk AS and the world's largest container ship operator by volume, is considering idling some of its ships, especially those on Asia-Europe routes."We are looking to see whether we should take some ships out of the Asia-Europe route," said Tim Smith, chief executive of Maersk Line's North Asia division.Maersk Line posted a loss for the third quarter and said it expected to stay in the red for the whole of this year."I ...

IMO Certificate of Commendation Captain Dick Simon Danielsen received a special IMO Certificate of Commendation on behalf of the crew of M/V Charlotte Mærsk. On the opening day of the 27th Assembly of the International Maritime Organization (IMO), Captain Dick Simon Danielsen received a special Certificate of Commendation on behalf of the total crew on board M/V Charlotte Mærsk.The crew of 25 persons received the Certificate of Commendation for their eminent and brave extinction of a fast developing and vehement fire with flames of a height of up to 15 metres that suddenly broke out in a container with dangerous goods in July 2010. The crew succeeded in fighting the fire without any professional assistance and thereby they saved both the ship and its cargo. The jury emphasized that the crew had done far more than what can be expected in such a hazardous situation.The Captain was accompanied by the Danish Ambassador in London, Anne Hedensted Steffensen, and Søren Andersen from Mærsk Line.Source: Danish Maritime Authority

Green shipping has become a big part of doing green business today Green Life introduces us to the leading container shipping company in the world to show how green shipping has become a big part of doing green business today. With more than 500 vessels, Maersk Line has found ways to not only reduce global CO2 emissions, but innovative ways to improve its own energy efficiency.

Maersk has seen the value of its containership fleet fall 24% in the past 12 months Containership owners have seen billions of dollars wiped off the value of their fleets over the past year.Massive overcapacity has squeezed not only freight rates, but also the value of steel floating on water. The world's largest container ship owner, AP Møller-Maersk, has seen the value of its containership fleet fall 24% in the past 12 months.Its 222 vessels currently in service are now worth $9.1 billion, compared with $12 billion at the start of November last year,Similarly, major owner and operator MSC's fleet of 202 containerships in service at present are worth $6.9 billion, compared with $8.4 billion 12 months ago.A report reveals that the Vessels Value data shows that today's fleet values are closing in on what these ships would have been worth in November 2009 - continued declines in freight and charter rates this year have pushed asset values back to the lows of two years ago, when the containership market was suffering the worst downturn in its history.Online ship valuation service VesselsValue.com was launched this year by London-based sale and purchase broker Seasure Shipping and this week expanded its coverage ...

Maersk Executive Safety Day On Friday, 4 November, top executives and heads of safety met for the company's first ever Maersk Executive Safety Day. "Safety makes us special," the Group CEO reiterated on the day, underlining that safety needs the attention of the highest leadership.Human errors can't be accepted as a root cause of any safety incident. Instead, one needs to find root causes that boil down to things that can be fixed.This was one of the main take-aways from the first ever Maersk Executive Safety Day held Friday, 4 November 2011, where top management and heads of safety met to discuss the Group's ongoing safety journey."Safety makes us special," the Group CEO Nils S. Andersen said and continued: "We discuss safety whenever we meet. While working here, you enter the tradition of taking care of one another."Nils S. Andersen thereby referred to the fact that safety is the first discussion point at any Executive Board meeting and defines the way Maersk runs its business. Something that became very visible during the safety day where the Executive Board members presented opportunities and challenges within their various business units.BU's can learn from one another The oil business is in the business ...

Says to build first reefer factory in Latin America Danish shipping and oil group A.P. Moller-Maersk plans to invest about $170 million in a new factory in Chile to produce refrigerator containers, known as reefers, for a Latin American export boom.The factory in San Antonio, Chile, will begin operating by the end of 2013 and reach an annual output of 40,000 reefer containers and 30,000 reefer refrigeration units by early 2017, Maersk's container industry unit said on Friday.Maersk Container Industry (MCI) has production facilities in Qingdao, Dongguan, and Huidong in China and annual output of 41,000 reefer containers, 37,000 reefer refrigeration units and 200,000 twenty-foot dry containers, the company said.MCI is an independent unit within the A.P. Moller-Maersk group. Historically about a third of its containers have gone to the group's Maersk Line, which is the world's biggest container shipping company, and the rest to other customers.Reefers were earlier produced in the United States, but now all reefer production is concentrated in China, so the Chilean plant will be a milestone in the development of the industry.It will be located next to a Maersk port terminal in Chile."The new factory will produce Maersk's high-tech reefers in a part of the ...

Three cases in which refrigeration units had exploded for no apparent reason. Hundreds of refrigerated containers have been quarantined in various locations around the world following reports of compressor explosions and incidents of spontaneous combustion that have resulted in at least three fatalities.The alarm was raised by Maersk Line on 18 October when it informed the World Shipping Council's Safe Transport of Containers Working Group that it had recently experienced three cases in which refrigeration units had exploded for no apparent reason.While the precise causes of the explosions are still under investigation, Maersk said it had ascertained that all three refrigeration units involved had received gas repairs in Vietnam between late March and late April and advised other lines that had had similar gas repairs or maintenance to refrigeration units in Vietnam to identify and investigate those units.Observers say all the major reefer machinery brands - Carrier, Daikin, Thermo King and Star Cool - are potentially affected by what is suspected to be the introduction of contaminated or otherwise unsuitable refrigerant gas into the system that causes a chemical reaction when it comes into contact with R134a, oil or air, creating a flammable/explosive mixture.At least two Carrier ThinLINE and one ...

Overcapacity on main trades depresses vessel value as well as freight and charter rates Containership owners have seen billions of dollars wiped off the value of their fleets over the past year.Massive overcapacity has squeezed not only freight rates, but also the worth of steel on the water, the latest service from VesselsValue.com shows.The world's largest boxship owner, AP Møller-Maersk, has seen the value of its containership fleet fall 24% in the past 12 months. Its 222 vessels currently in service are now worth US$9.1 billion, compared with $12 billion at the start of November last year.Similarly, major owner and operator MSC's fleet of 202 containerships in service at present are worth $6.9 billion, compared with $8.4 billion 12 months ago.A report in IFW's sister publicaton, Lloyd's List, reveals that the VesselsValue data shows that today's fleet values are closing in on what these ships would have been worth in November 2009 - continued declines in freight and charter rates this year have pushed asset values back to the lows of two years ago, when the containership market was suffering the worst downturn in its history.Online ship valuation service VesselsValue.com was launched this year by London-based sale and purchase broker ...

Even if mature markets are stagnant, Maersk sees healthy development in growth markets The economic crisis in many markets will not halt Danish shipping and oil group A.P. Moller-Maersk's growth nor put its ability to invest at risk, its chief executive said in a company magazine."The questions (about the impact of the crisis) are natural, but the answer is no," Chief Executive Nils Smedegaard Andersen said in Maersk Post magazine. "We have a better cost position and a stronger balance sheet than during the previous crisis, in 2008.""This is the new normal, and we are prepared for it," Andersen said of the economic situation.A.P. Moller-Maersk, whose Maersk Line is the world's biggest container shipping company, is scheduled to report third-quarter results on Nov. 9.Global shipping markets have been hit by increased economic uncertainty, which has put freight rates under pressure, as Danish tanker and dry-bulk operator Torm said on Monday when it warned of deeper-than-expected 2011 losses."Even if mature markets are stagnant, we still see healthy development in growth markets, where we have a strong position and continue to expand," Andersen said.He said several emerging markets were developing into major home markets for Maersk, increasing demand for its shipping and ...