Maersk

Number of Indian women seafarers in workforce rise 7-fold: Maersk

Integrated container logistics firm Maersk on Friday said the number of Indian women seafarers in its workforce in India has grown more than seven-fold to over 350 in the last three years, driven by its 'Equal at Sea' initiative launched in 2022 to bring gender equality in the country's maritime sector. The programme brings different stakeholders across the industry on a common platform, which serves as a hub for exchanging ideas, understanding industry challenges, learning from each other, and implementing the best practices, according to Maersk. "With recent cadet inductions, the number of Indian women seafarers has surpassed the 350 mark, from a mere 41 in 2021, contributing significantly to improving the diversity," the company announced here on Friday. It also said that with 45 per cent of the nautical and engineering cadets onboarded in 2024 being women, the company has inched closer to its 2027 target of equal gender representation amongst its cadet intake. The primary ...

Maersk expects container demand growth to slow, raises investment chances

The company's fleet, which includes a significant number of chartered vessels, consists of more than 700 container ships, Maersk has said

India plans new shipping firm to expand fleet by 1,000 ships in next decade

Indian companies paid freight costs of $85 billion in the financial year 2019/20, of which $75 billion was paid for use of foreign vessels

Red Sea crisis to cause 15-20% industry capacity loss, says Maersk

According to Maersk, the effects of the situation in the Red Sea are widening and continuing to cause industry-wide disruptions

Red Sea disruption to traffic cuts Q2 capacity by 15%-20%, says Maersk

Maersk is viewed as a barometer of world trade

Baltimore bridge collapse: Focus on removing heavy structure from water

Teams of engineers are now focused on the formidable job of hauling the shattered remains of the Francis Scott Key Bridge out of Maryland's Patapsco River, the first step toward reopening the Port of Baltimore and recovering the bodies of four workers who are still missing and presumed dead. A massive cargo go ship felled the span Tuesday after striking one of its main supports. Experts are trying to figure out how to break that bridge up into the right-sized pieces that we can lift, U.S. Coast Guard Rear Adm. Shannon Gilreath said Friday at a news conference. The tools that are needed have been coming into place. They include seven floating cranes - one of which is one of the largest on the Eastern Seaboard, capable of lifting 1,000 tons - 10 tugboats, nine barges, eight salvage vessels and five Coast Guard boats. To go out there and see it up close, you realize just how daunting a task this is, Gov. Wes Moore said Friday afternoon as the massive crane loomed behind him. With a ..

Baltimore bridge collapse: US concerned about impact on immediate region

US officials have expressed concern about the implications rippling beyond the immediate region after a key bridge harbouring America's largest vehicle handling port collapsed in Baltimore when a cargo ship crashed into it, even as experts predicted repercussions to be "modest and mainly localised". The 2.6km-long, four-lane Francis Scott Key Bridge over the Patapsco River in Baltimore was destroyed after Dali, a 984-foot cargo ship bound for Sri Lanka, collided against a bridge column in the early hours of Tuesday. The collapse of the bridge has indefinitely halted the flow of ships in and out of Baltimore Port. We are concerned about the local economic impact, with some 8,000 jobs directly associated with port activities," US Transportation Secretary Pete Buttigieg told reporters in the White House on Wednesday. "We're concerned about implications that will ripple out beyond the immediate region because of the port's role in our supply chains, he said, describing the Baltimore po

Baltimore bridge collapse: Ships with heavy load need to find new harbour

Manufacturers and shippers are scrambling to figure out where they can load or unload cargo while the main operations of the Port of Baltimore remain shut down due to Tuesday's deadly collapse of the Francis Scott Key Bridge. Supply chain experts say other ports up and down the East Coast are likely to absorb much of Baltimore's traffic, avoiding a crisis. But not without some longer shipping times and upheaval. "Ultimately, most trade through Baltimore will find a new home port," Moody's Analytics economist Harry Murphy Cruise wrote in a blog post. US Transportation Secretary Pete Buttigieg reiterated Wednesday that it was too soon to estimate how long it would take to clear the bridge structure from the 50-foot-deep Patapsco River channel, which leads to the port's main terminal. The port's location makes it a key destination for freight. The Maryland Port Administration says the facility is an overnight drive from two-thirds of the US population, and it's closer to the Midwest t

Rescue ops underway, ship traffic in Baltimore port suspended, says Biden

The Francis Scott Key Bridge in Baltimore collapsed early Tuesday morning after it was struck by a large ship

Maersk sends two container ships carrying goods for US army through Red Sea

With a fleet of 20 smaller container vessels, the unit ships goods for U.S. agencies including the Department of Defense, State Department and USAID, Maersk said

War, weather put global ocean shippers on notice for rough seas in 2024

Maersk on Friday joined other major ocean carriers in rerouting ships away from the Red Sea to avoid missile and drone attacks in an area that leads to the vital Asia-Europe Suez Canal shortcut

Oil prices rise as Blinken begins week-long sweep through the Middle East

Shipping giant Maersk said it will divert all vessels away from the Red Sea for the foreseeable future, warning customers of disruptions

Denmark's Maersk continues to pause all cargo shipments through the Red Sea

The Houthi group, which controls parts of Yemen after years of war, in November started attacking international ships traversing the Red Sea, saying it was a response to Israel's assault on Gaza

Denmark's Maersk continues to schedule Suez journeys despite Houthi attack

But Maersk on Dec. 24 said it was preparing a return to the Red Sea, citing the deployment of a US-led military operation to protect vessels

Maersk pauses Red Sea sailings after Houthi attack on container ship

The attack was the latest by Houthi militants in Yemen, who have been targeting vessels in The Red Sea to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza

Preparing for resumption of Red Sea voyages post-attacks from Yemen: Maersk

Shipping firm Maersk says it is preparing to allow vessels to resume sailing through the Red Sea, thanks to the start of a US-led multinational naval operation to protect shipping from attacks by Houthi rebels in Yemen. Houthi attacks have led to a major disruption of shipping through the Suez Canal and the Red Sea, one of the most important arteries for trade in oil, natural gas, grain and consumer goods between Europe and Asia. Maersk said in a statement on Sunday that we have received confirmation that the previously announced multi-national security initiative Operation Prosperity Guardian (OPG) has now been set up and deployed to allow maritime commerce to pass through the Red Sea-Gulf of Aden and once again return to using the Suez Canal as a gateway between Asia and Europe. The company said it was working on plans for the first vessels to make the journey and for this to happen as soon as operationally possible. The Houthis are Iranian-backed rebels who seized Yemen's capita

Maersk prepares to resume shipping via Red Sea under US-led protection

Houthi attacks on merchant ships have caused widespread avoidance of the southern Red Sea by the merchant fleet moving everything from manufactured goods and grains to oil and gas

Maersk Group to cut at least 10,000 jobs as shipping boom unravels

The company kept its full-year guidance for revenue and operating profit but now expects both to land at the lower end of the range

Logistics operator Maersk plans to add 300 EVs to its fleet in India by Oct

Global integrated logistics operator Maersk on Monday said it is planning to add more than 300 electric vehicles to its fleet in India by October. Maersk has already deployed over 200 Electric Vehicles (EVs) across 15 cities in the country, and is planning to expand to another 11 cities, taking its overall EV fleet to over 500, the company said. The company plans to be net-zero across businesses and provide customers 100 per cent green solutions by 2040. In September last year, the company unveiled its three-wheeler and four-wheeler EVs in Mumbai, which was followed by the rollout in the National Capital Region. Maersk said it has recently tied up with a large e-commerce platform in India to support its distribution requirements with a dedicated fleet of EVs that range in the capacity of 550-700 kg with a driving range of over 120 kilometres. India is a large market with a constantly growing demand for distribution logistics, Maersk South Asia Managing Director Vikash Agarwal ...

Maersk, JSW and Essar Ports join the race for divestment of Concor

The latest development comes at a time when reports indicate that Maersk is planning to double its warehousing presence in India in the next one year