Maersk revamps Middle East routes

AP Moller-Maersk has launched an ‘Al Maha’ service between the Middle East and Europe, replacing its existing ME3 and ME4 routes. It will be operated by seven 8,500teu vessels with the rotation Tangiers-Port Said-Jeddah-Salalah-Jebel Ali-Doha-Dammam-Jubail-Jebel Ali-Duqm-Salalah-Jeddah-Port Said-Tangiers. [+]

Maersk earnings fall by a quarter

AP Moller–Maersk (Maersk) reported a fall in revenue of 26% to US$14.2bn in the first quarter of 2023, in line with expectations. Continued destocking and easing of congestion implied lower volumes across all segments. EBITDA earnings decreased to $ 4.0bn from $9.1bn, and EBIT to $2.3bn from $ 7.3bn. The ... [+]

Maersk to open East Midlands hub in June

AP Moller-Maersk has signed a lease for a 685,000sq ft (63,000sq m) warehouse at SEGRO Logistics Park East Midlands Gateway. The facility will be completed in June 2023 and is part of a 700-acre development by SEGRO. It includes the UK’s only inland freeport and a 50-acre rail freight interchange with ... [+]

Maersk to divest Russian sites

AP Moller-Maersk (Maersk) has signed an agreement to divest its logistics sites in St. Petersburg and Novorossiysk to IG Finance Development. It follows the company’s decision in March 2022 to discontinue activities in Russia following its invasion of Ukraine. The 28,750sq m inland depot in Novorossiysk specialises in handling commercial ... [+]

Maersk hails ‘extraordinary’ results

AP Moller-Maersk said it “delivered extraordinary financial performance” in its 2022 results, with revenue up 32% to US$81.5bn, and EBIT earnings increased 57% to $30.9bn. This was driven by solid performance across all businesses during the abnormal market conditions in the first part of the year. However, as congestion eased ... [+]

Maersk unveils new leadership team

AP Moller-Maersk has announced a new organisational structure and a new executive leadership team from 1 February, following the appointment of Vincent Clerc as chief executive on 1 January. The new structure is shaped around 15 roles and areas of responsibility and include Aymeric Chandavoine -president, Europe region; Ditlev Blicher, ... [+]

Priority for Maersk at Dubai Jebel Ali

AP Moller-Maersk DP World Jebel Ali Port have entered a partnership through to collaborate on service delivery and work towards decarbonising logistics.  The deal will give priority berthing for Maersk vessels and implement new processes at Jebel Ali Port in Dubai. Maersk’s customers gain real-time information relayed by DP World ... [+]

Maersk to open Saudi cool chain site

AP Moller-Maersk is to open a cold storage facility at Mawani’s King Abdulaziz port in Dammam, Saudi Arabia. The 13,300sq m facility will handle 168,000 pallet positions annually at Saudi Arabia’s second-largest port for refrigerated containers and will primarily handle frozen commodities such as poultry, meat, vegetables, confectionary processed food ... [+]

Maersk completes Martin Bencher buy

AP Moller-Maersk completed its acquisition of Danish project logistics forwarder Martin Bencher Group, on 2 January, for about US61 million. Founded in 1997, Martin Bencher is an asset-light company whose core capability is designing end-to-end project logistics solutions. It is headquartered in Aarhus and has 31 offices in 23 countries, ... [+]

Maersk to open Asian sites

AP Moller-Maersk has broken ground on a 100,000sq m warehouse in Calamba, near Manila in the Philippines. The highly-automated site will have a 75,000-pallet storage capacity and is expected to be completed by the end of 2023. It is also building a new 100,000sq ft facility in Chattogram, Bangladesh for ... [+]

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