Tag: Maersk

LNG and FPSO arms made a profit of only $12m Maersk is said to be looking to offload its FPSO arm Maersk has been discreetly tapping the market for some months about a possible sale of its FPSO business, TradeWinds' sister publication Upstream said quoting an unnamed source.Talk of its FPSO business being no longer core for Maersk comes barely days after the Danish giant said it may sell its LNG shipping arm.The Danish company said it will go to the market to find a potential buyer for Maersk LNG because it wants to reallocate resources to other parts of the group.Quoting a rival FPSO contractor the newspaper said informal discussions have been held between Maersk and potential buyers.Maersk has been approached by interests that have been keen to look either at individual units in their fleet or the entire division, Upstream reported.Together, the LNG and FPSO arms made a profit of only $12m in the first quarter of 2011 and generated a rate of return of 1.8%, far below that of Maersks upstream and shipping businesses.Late last year Maersk brought in Stig Hoffmeyer as the new chief executive at its LNG and FPSO operations in a bid to turn ...

All of the shippers are under investigation The EU Commission said it suspects that Taiwan-based Evergreen Marine Corp. and several other shippers have been engaged in cartel activities in violation of EU antitrust regulations.The commission said it launched an investigation into the matter on May 17 with a raid on the offices of the shippers since it had collected sufficient evidence pointing to their wrongdoing.However, the commission declined to disclose any further details of the probe or the alleged cartel activities, saying the investigation was still in progress.Apart from Evergreen Marine, the other shippers being investigated are Singapore-based Naptune Orient Lines, Hong Kong's Orient Overseas (International) Ltd., South Korea's Hanjin Shipping, Denmark's Maersk Line, CMA CGM of France and Hapag-Lloyd of Germany.All of the shippers, including Evergreen Marine, have confirmed that they are under investigation by the EU Commission.The commission said it will respect the right of the shippers to defend themselves and has no presumptions on the results of the probe.It also said it has no timetable for wrapping up the investigation, as this will depend on several factors such as the complexity of the case and whether or not the shippers will cooperate with the investigators.The commission's records ...

Containerized shipping is the most efficient way, but few ships are efficient Containerized shipping is the most efficient way to move goods, but few ships are nearly as efficient as they could be. One company is steaming ahead of the pack.It seems obvious that more international trade increases greenhouse gas emissions. After all, if we buy local products rather than products made halfway around the world, we will save all the carbon emissions required to ship them to us. It also seems to make sense that rising fuel prices will lead to a decrease in international trade, as companies reduce fuel use by assembling things closer to markets.This facile intuition can lead us to some very inaccurate conclusions. The manufacture of materials typically accounts for far more of their embodied carbon than their transport, and the mode of transport will also have a big impact on embodied carbon.Here is a chart showing the associated CO2 emissions of various modes of transport :Air plane (air cargo), average Cargo B747 500 gModern lorry or truck 60 to 150 gModern train 30 to 100 gModern ship (sea freight) 10 to 40 gWith trucks emitting far more CO2 per mile than cargo ships, a ...

The engines failed while it was docking- The hole is about 5m by 2m A container ship may be stranded at Port Chalmers for days, after it was holed during a berthing manoeuvre at the port yesterday.Port Otago chief executive Geoff Plunket said the starboard side of Maersk Dabou was damaged when the engines failed while it was docking at 2.20pm."The vessel was turning in the basin before berthing, when the engines failed. It was part way through the turn and it hit the end of Beach St wharf," he said yesterday."There is a not insignificant hole in the side of the vessel, above the waterline," he said."A combination of the ship master, bridge crew and crane crew then assisted the vessel to the multipurpose berth. It was very professionally managed."The 41,359-gross-tonnage ship was built in South Korea in 2005 and was carrying an estimated 4132 containers."I can't recall another incident like this. It will have to be repaired before it can be shifted. But that's the ship master's responsibility," Mr Plunket said.An investigation was under way, he said.Warren Lewis, of Port Chalmers, saw the incident from Boiler Point."It was fairly dramatic. There was a great cloud of concrete dust ...

It will add an additional 130 vessel calls a year New Zealand's port of Tauranga has confirmed three new weekly container services that will add an additional 130 vessel calls a year. Pacific International Lines (PIL), Mediterranean Shipping Company (MSC) and Maersk Line- all long-term customers of the port- have enlarged their services at Tauranga.Singapore-based PIL will launch a new service coming out of the West Coast of US, calling Melbourne, Sydney then Tauranga before heading to Brisbane, Taiwan and China. This new service will being calling Tauranga in July.Geneva-based MSC will add Tauranga into the rotation of its existing Noumea service. The Tauranga calls will start in June. Maersk Line, a division of A.P. Moller-Maersk Group, will extend its current NZ1 service and from August will include Tauranga in the rotation to the international transhipment hubs of Port Klang and Tanjung Pelepas.This weekly service will replace the smaller Pacific Island service that currently calls at Tauranga on a fortnightly basis. "These changes will... provide increased shipping options to importers and exporters through the direct Tauranga calls and transhipment opportunities to destinations worldwide," Tauranga port said in a statement.Source: Seatrade-Asia

Eugen Maersk

Eugen Maersk

Eugen Maersk

Eugen Maersk

Somali pirate story