A. P. Moller-Maersk Group

Maersk navigates into rougher seas

Maersk Line in south China expects slightly negative growth in the area's trade with Europe but still sees high growth from east China. Photo: Bloomberg

Maersk Line, the world's largest container line, is set to see a fall in box volumes from southern China to Europe and the Mediterranean this year as the European debt crisis and economic uncertainty hit exports from the Pearl River Delta.

Friday, 17 August, 2012, 2:36am

Carriers vow to continue use of low-sulphur fuel

Several shipping lines using low-sulphur fuel while berthed in Hong Kong have indicated they will continue using the costly fuel next year even though the government has failed to introduce laws mandating its use.

9 Apr 2012 - 12:00am

Shipping lines to receive low-sulphur fuel rebates

Shipping lines voluntarily using costly low-sulphur fuel to reduce air pollution in Hong Kong will finally get government help to offset their higher fuel bills.

But soaring fuel costs and a lack of government action to force all shipping firms to use low-sulphur fuel in Hong Kong may see some operators switch back to oil with a higher sulphur content.

7 May 2015 - 3:07pm

Container lines optimistic over cargo volumes

Container shipping lines could see a stronger recovery in trade volumes in the coming months especially on transpacific routes and services to emerging markets as inventories are replenished and consumers spend more, shipping experts say.

2 Mar 2012 - 12:00am

Maersk warns of turbulent 2012 as profits sink 33pc

AP Moller-Maersk, one of the world's biggest shipping and terminals groups, faces a mixed and challenging year as uncertain global economic prospects coupled with overcapacity in the container shipping sector weigh on the company, the company said.

28 Feb 2012 - 12:00am

Maersk strengthens Asia-South America offer

Surging Chinese demand for Brazilian chicken and other perishables coupled with burgeoning demand in South America for Asian consumer products has led Maersk Line to strengthen its services between the two regions with a fleet of bigger-box ships.

21 Nov 2011 - 12:00am

Maersk exploits lack of reliability

Time was when an exporter or importer shipping a container from a factory on the mainland to a port in Europe or North America knew that it would take around 24 to 25 days to arrive in Europe and 21 days to be unloaded in North America.

6 Oct 2011 - 12:00am

Container lines in the doldrums

September and October are traditionally the busiest times for container lines as they transport toys, electronics, clothes and other Christmas essentials from factories in China to store shelves in Europe and North America.

21 Sep 2011 - 12:00am

Shipping firms hit 'slow steaming' snag

Shipping companies have cut fuel consumption and emissions by sailing at slower speeds on transpacific routes between Asia and North America, but exporters and importers say none of the cost savings have been passed on to them.

Instead, they say, they face higher inventory costs and possible equipment shortages because sailing times are longer across the Pacific Ocean.

26 Apr 2011 - 12:00am

Falling freight rates hit OOIL profit

One-off gain from the revaluation of New York property helps offset softer container business, higher fuel costs

Earnings at Orient Overseas International (OOIL) fell a less than expected 9.19 per cent after a one-off property revaluation helped offset higher fuel costs and declining freight rates suffered by its core container shipping division.

5 Aug 2006 - 12:00am

New parks aim to give the sector an efficient platform

When completed next year, the air-cargo customs clearance base being built at Beijing Capital International Airport will allow more efficient flow of goods at the nation's busiest air-cargo hub.

3 Jul 2006 - 12:00am

Clamour for end to immunity grows

The impetus to end the shipping lines' immunity from antitrust laws is gathering pace in an industry where consolidation has left more and more countries without commercial fleets, lessening any national imperative to buffer them from the vagaries of a hugely cyclical market.

30 Jun 2006 - 12:00am

Sea continues to define history and culture of northern nation

The seafaring pioneer now boasts the world's biggest shipping line after rivals merge

16 Apr 2006 - 12:00am

Cosco to sell 20pc stake in Nansha II to Danish operator

Cosco Pacific will agree to sell 20 per cent of its stake in the four billion yuan second phase at the port of Nansha this week to APM Terminals, giving south China's newest container port a much needed foreign investor and new business potential.

21 Sep 2005 - 12:00am

Newbuilding orders indicate size matters until the inevitable fall

It is human nature to learn from our mistakes, but that has not necessarily stopped history's darker moments from repeating themselves.

The container shipping industry, for example, has again embarked on an unprecedented ship-ordering spree before the ink on its new, healthier collective service contracts has had a chance to dry.

13 May 2003 - 12:00am