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TradeWinds (subscription)

Maersk orders seven
TradeWinds (subscription)
In its official announcement today, Maersk said it had agreed with Cosco to keep the price confidential. TradeWinds has previously reported that an attractive price of $39m per vessel was the main reason why the Danish owner chose the Cosco yard for ...
Maersk Line in Major Container Order With China's COSCOABC News
Maersk Line orders seven ice class container vesselsSupply Chain Digital
Maersk Line kick-starts $15 billion capital program with seven ship
Container Management
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Jury awards $3.75 million to former Maersk seaman
The Virginian-Pilot
A Circuit Court jury awarded $3.75 million Tuesday to a former Maersk Line Ltd. employee who claimed South Korean police raped him in 2008 while he was on shore leave, according to the man's attorney. “On behalf of the seaman, we are grateful for the ...

The Maritime Executive

Maersk Orders Seven Container Vessels from COSCO
The Maritime Executive
Maersk Line has signed a newbuilding order with COSCO Shipyard for seven 3,600 TEU container vessels. COSCO and Maersk are keeping the price confidential. Two other shipbuilding companies—Yangzijiang Shipbuilding and Yangfan Group—were final ...
Singapore's Cosco secures contract to build 7 container vessels for MaerskCustoms Today Newspaper
Singapore's Big Winner for the Week: Cosco Corporation (Singapore) LimitedThe Motley Fool Singapore

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Maersk Line transfers thousands of contracts to SeaLand
ShippingWatch UK (subscription)
Several thousand contracts are currently being transferred from Maersk Line to SeaLand, which launched operations on January 1st as an independent regional carrier serving the Americas. CEO Craig Mygatt talks to ShippingWatch about the upstart process.

TradeWinds (subscription)

Maersk Tankers adding MR
TradeWinds (subscription)
A price of $21.5m has been placed on the tanker, but sources at Maersk Tanker decline to comment on the figure involved. The owner has been focused on the products sector for more than a year after shedding much of its crude fleet. TradeWinds reported ...

TradeWinds (subscription)

Maersk in $4.9bn sale
TradeWinds (subscription)
AP Moller said based on a DKK 170 per share value of the Danske stock, the offer will be worth DKK 34.376bn ($4.918bn) if all the shares are sold. Maersk has shed a number of assets in recent years, including its Danish supermarket business for a ...
Maersk gives terms for sale of Danske Bank stakeReuters

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Interview: Maersk CEO sees change, opportunity in Chinese economy
BEIJING, March 26 (Xinhua) -- Despite his packed schedule, Nils S. Andersen, CEO of the world's largest shipping company, the Denmark-based Maersk Group, will not miss his annual spring meeting in China. Andersen attends the China Development ...

Financial Times

Maersk warns of slowdown in global trade
Financial Times
“I'm personally more towards the low end of that,” Søren Skou, Maersk Line's chief executive, told the Financial Times. “Growth from a historical perspective is quite sluggish. It has a huge impact for us as an industry.” Mr Skou called the halving of ...
Maersk Line prepared to adjust network as shippers lose trust in west coast portsLloyd's List
Maersk Line: 25000 TEU Vessels Are Possible, but Won't be Practical Anytime ...Ship & Bunker
Maersk CEO: 25000-TEU ships possible but not practicalPortNews IAA

all 10 news articles »

Maersk CEO: change, opportunity in China
Maersk reaped a record high profit of 5.2 billion U.S. dollars in 2014. China, the company's largest source of business, is undergoing an economic transition to rely less on labor, resources and investment and more on domestic consumption and services.

TradeWinds (subscription)

Carla Maersk still 'unstable'
TradeWinds (subscription)
The joint information center set up by the US Coast Guard and the Central Texas Coast Area Committee (CTCAC) said responders were also monitoring a light sheen from the 45,000-dwt chemical tanker Carla Maersk (built 1999). The tanker, which collided ...

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