Tag: Maersk

Maersk Line signed a new building order for seven 3,600 TEU container vessels

https://www.youtube.com/watch?v=anQR68Jcfzg With the vision of sustainability and environmental consciousness, Maersk container Industry in Dongguan China is rolling out a waterborne paint implementation, to be used on dry containers for Maersk Line.

Maersk Line North America selected WAM to provide M2M technology for remote tracking, monitoring and inspection

Danelec Marine announced that Maersk Line is retrofitting 100 vessels with new VDRs

Maersk has recently published its Annual Report for 2014 estimating that result is USD 831 million higher than 2013. This was achieved by lower unit cost and increasing volumes while the rates decreased by 1,6%. The lower unit cost is the result of a better vessel utilisation and network efficiencies. Highlights of the Annual Report USD 2,341 million profit - a 55% improvement compared to 2013 (USD 1,510m)  11.6% return on invested capital (7.4%) Volumes increased by 6.8%, average rate decreased by 1.6% Unit cost decreased by is 4.3%  Underlying result for 2015 expected to be higher than 2014 (USD 2.2 billion) Global container shipping demand in 2015 expected to grow by 3-5%, nominal supply by 5-7% Slow-steaming maintained in low fuel price scenario Søren Skou, CEO of Maersk Line commented: ''“I am very satisfied with our 2014 result. Our return on invested capital is also very satisfactory and above our medium and long-term targets of 8.5% and 10% respectively. We have achieved this on the backdrop of low market growth and rates under pressure. We have successfully managed our capacity and reduced our costs. I believe 2014 proves that we have the right strategy in place,” The low oil ...

Maersk launched a new sustainability strategy in 2014, continuing to address sustainability challenges. The strategy, which runs from 2014 to 2018, has three focus areas: Enabling trade, energy efficiency and investing in education, and a year after the strategy was launched, progress has been made on all three areas. “Our efforts in sustainability rest on one premise: it must support both society and our business activities. We focus on accelerating the positive impact of our business on society where it creates value for the business at the same time” says Group CEO Nils S. Andersen. Enabling trade to unlock growth Better integration and lower trade barriers help advance economic development for many more people; for example reducing supply chain barriers only half the way to global best practice standard, could increase the global GDP by USD 2.6 trillion according to World Economic Forum’s 2013 Global Enabling Trade report. With 90% of the world trade travelling by sea, the Group has an important job to do, says Nils S. Andersen: “700 million fewer people now live below the poverty line compared to twenty years ago. Trade and better integration of low-income countries into the global economy have helped drive that transformation.” In 2014 the Group ...

Maersk Drilling has been awarded a contract from eni Ghana Exploration and Production Ltd., an eni subsidiary, for employment of the newbuild drillship Maersk Voyager. The firm contract period is 3.5 years with an option to extend by one year. The total estimated revenue from the firm contract is USD 545m including mobilisation and escalations. Maersk Voyager will work on the Offshore Cape Three Points (OCTP) Project offshore Ghana with expected commencement in July 2015. “We are very pleased to be chosen by eni and its partners Vitol and GNPC for this project offshore Ghana and we look forward to working together with the OCTP JV over the next 3.5 years. West Africa has been a strategic focus area for Maersk Drilling, since we embarked on our deepwater expansion, and with this contract we expand our presence in the promising West African deepwater market,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group. Maersk Voyager is the last in a series of four ultra deepwater drillships in Maersk Drilling’s rig fleet. The rig was delivered on 6 February 2015 from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si in South-Korea. The ...

Maersk: Force Technology Ship Simulation

The Munkebo Maersk became the largest ship to ever sail up the River Thames

Maersk A/S has published its Annual Report 2014, 25 February 2015