Maersk Line’s containership Venta Maersk has almost completed her maiden voyage from Vladivostok to St. Petersburg through the Northern Sea Route (NSR). On 22 September the vessel arrived at Bremerhaven, having successfully passed the Arctic Ocean from the Bering Strait to the Norwegian Sea, and now on the way to St. Petersburg passing by Sweden, […]
Last week the information leaked that members of the Oetker family, owners of Hamburg Süd, were discussing a potential sale of the shipping line. Now the Wall Street Journal writes that Maersk Line is looking to buy the German peer, citing “people with knowledge of the matter”. The momentous meeting of the family is reportedly […]
The Maersk Group has published its Q3 2016 results today. According to the press release, in the third quarter of the current year the Group delivered revenue of USD 9,177 mln (-9.2% y-o-y) and profit of USD 438 mln (-43.7% y-o-y). The negative results were significantly impacted by market conditions, particularly low container freight rates […]
The appeals of major shipping lines have been rejected by the Moscow Arbitration Court. The appeals concern a verdict of the Federal Anti-Monopoly Service of Russia (FAS) claiming the carriers violated Russian competition law from 2012 to 2013 when setting surcharges on Russia – Far East services simultaneously and of the same amount. The process […]
