A Brazilian judge has rejected a request by Danish shipping group Maersk to suspend a bidding process for the Tecon 10 terminal at Brazil's Port of Santos pending its call for a review to allow firms already operating there into the first phase.Maersk filed a lawsuit last month against Brazil's marine transport authority (Antaq), calling for corrections to the bidding process to build and run the new mega terminal at Latin America's largest port…
CV International, Inc. (CVI), a Norfolk-based freight forwarder and customs broker, and its subsidiary Capes Shipping Agencies, a port and vessel agency, have announced the appointment of Jeff Underwood as Chief Financial Officer. Jeff brings over 30 years of financial experience…
Maersk estimates companies pay effective U.S. import tariffs of on average 21% relative to container load, the Danish shipping group said on Wednesday, less than half the rate before Washington paused its sweeping tariffs in April.Maersk said in a regular global market update that at its peak…
Danish shipping company Maersk said on Thursday it had reopened cargo acceptance to Israel's Haifa port for imports as of June 25 and that it expected to reopen exports from the location once a lower safety risk had been confirmed.Iranians and…
Global shipping groups are looking to Brazil's courts to overturn competition rules that bar them from participating in the first round of bidding on a major new container terminal at Latin America's largest port, due to take place later this year…
Container shipping company Maersk said on Friday it had temporarily paused vessel calls at Israel's Haifa port amid regional tensions.The Danish company said it did not experience any further disruptions to its scheduled operations in the region…
For the first quarter of 2025 A.P. Moller - Maersk A/S (Maersk) reports revenue growth of 7.8% to $13.3 billion with EBIT increasing to $1.3 billion from $177 million a year ago.The company states that these results, while sequentially down as expected…
Major container shipping companies are suspending at least six scheduled weekly routes between China and the United States as President Donald Trump's punishing tariffs on the world's top exporting country collapse trade, maritime consultants said…
Shipping group Maersk said on Thursday container volumes plunged 30-40% between the U.S. in China in April as a trade war erupted between the world's top economies, and warned a protracted dispute could shrink global volumes this year.However…
Dutch and German oil refineries have snapped up all four cargoes of Chadian Doba crude in April to profit from soaring demand for cleaner marine fuel in Europe from shipping companies including Maersk, according to shipping data and trade sources…
Vietnam's imports from China and exports to the United States both reached a post-pandemic record in April, amid talks with Washington to reduce Hanoi's trade surplus and a crackdown on Chinese goods being shipped to the U.S. via its territory…
HD Hyundai and A.P. Moller - Maersk have signed an Memorandum of Understanding (MoU) to establish a collaboration on decarbonization solutions for vessels, while HD Hyundai plans to expand the use of Maersk’s integrated logistics services across its affiliates…
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