Page 2 - Maersk

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

LinkedIn most likely to be imitated in phishing attempts in Q1: Report

According to cybersecurity firm Check Point, the report highlighted the brands that hackers most often imitated in the first three months of this year

Danish shipping giant Maersk suspends operations in Russia

The Danish shipping giant Maersk decided to temporarily curtail operations in Russia, saying it is "deeply concerned by how the crisis keeps escalating in Ukraine."

Shipping company Maersk expects supply chain chaos to buoy 2022 profits

Maersk said last month that it had been overtaken by Swiss-based container group MSC as the world's biggest shipper

Maersk reports 43% growth in containerised rail export cargo in 2021

Global container logistics major Maersk India on Tuesday said it has posted 43 per cent growth in the movement of containerised export cargo on the rail in 2021. It has also launched 13 new weekly dedicated rail services during the period, the company added. These services were designed in such a way that different industrial verticals were to be connected to the port, and some of them were based on the 'assured transit' concept on the Dedicated Freight Corridors (DFC), Maersk India said. Besides delivering speed, the services also provided hinterland connectivity and predictability to customers' supply chains in the uncertainty of the disrupted logistics ecosystem, it said. Maersk witnessed 43 per cent growth in the movement of containerised export cargo on the rail in 2021 and 23 per cent growth on the rail for import and export combined, the company said. As Maersk started developing customised solutions for customers rather than offering them off-the-shelf options, deeper insi

Maersk buys Asian warehouse giant LF Logistics in a $3.6-bn takeover

The world's biggest container line is acquiring Hong Kong-based LF Logistics in an all-cash deal

World's biggest shipper Maersk reports 68% increase in revenue

Maersk said its key ocean business is now expected to grow below the global container demand" amid uncertainty around the supply chain logjams

Gateway Rail Freight, Maersk jointly flag automotive express service

Maruti Suzuki transports 180,000 vehicles through trains in 2020-2021

Maersk boosted by trade recovery during lockdown, but misses forecasts

Maersk's ocean shipping business, its largest division, "performed at record level in the quarter as a consequence of the strong rebound of demand," CEO Soren Skou said in a statement.

Brazilian prosecutors sue Maersk over corruption, seek to freeze $200 mn

Prosecutors said there was evidence of bribe payments to Petrobras employees in exchange for privileged information that allowed Maersk to secure shipping contracts

Maersk to cut jobs as part of major reorganisation, internal email says

Shipping group Maersk will cut job cuts as part of a major reorganisation, an internal email sent to Maersk employees shows.

Maersk delivers first import shipment in Odisha from ICD to Shyam Metalics

With a plan to run a weekly export train providing doorstep pickup and delivery, the company has projections of handling in excess of 4,000 TEUs a year.

Shipping giant Maersk to start using Ganga waterway from Tuesday

On November 12, 2018, Prime Minister Narendra Modi dedicated India's first riverine multimodal terminal on river Ganga (National Waterway-1) at Varanasi to the nation

Steering away from energy, Maersk to bulk up transport

Will create a separate energy division combining Maersk Oil and three related companies

Shipping firm Maersk hopes to use drones for equipment deliveries to ships

The company is now looking for a drone-making partner for a test flight that would haul a 10-kg package for 10 km