Copenhagen - Delayed Quote DKK

A.P. Møller - Mærsk A/S (MAERSK-A.CO)

9,660.00

+50.00

(+0.52%)

At close: April 24 at 4:59 PM GMT+2

Maersk could offer limited Baltimore barge service

Denmark's Maersk may resume some shipping services at the U.S. Port of Baltimore when a temporary channel is opened to give access for commercially essential vessels that remain blocked by a collapsed bridge, the company said on Wednesday. "This channel, with a controlling depth of 20 feet, could potentially allow Maersk and other carriers to operate limited barge services into and out of the Port of Baltimore," Maersk said in a statement. The group last Wednesday said the port's alternate shipping channels were not deep enough to accommodate the oceangoing container vessels that Maersk and other carriers use.

Reuters 19 hours ago

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Maersk's Israel operations continue as normal, company says

Danish shipping company Maersk on Thursday said all its operations to, from and in Israel were functioning as normal. "At this time, all Maersk operations to, from and within Israel are functioning as normal without disruption," the company said in an advisory to clients on its website.

Reuters 6 days ago

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Baltimore's alternate shipping channels not deep enough, Maersk says

The Baltimore port's alternate shipping channels are not deep enough to accommodate the oceangoing container vessels that Maersk and other carriers use, the Danish shipping group said in a statement on Wednesday. A container vessel chartered by Maersk collided with a major bridge in the U.S. port of Baltimore's harbour last month, causing the structure to collapse. Maersk in its statement said there had been some media reports of another alternate channel slated to open later in April that would be able to accommodate larger vessels.

Reuters 7 days ago

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UPDATE 1-Baltimore's alternate shipping channels not deep enough, Maersk says

The Baltimore port's alternate shipping channels are not deep enough to accommodate the oceangoing container vessels that Maersk and other carriers use, the Danish shipping group said in a statement on Wednesday. A container vessel chartered by Maersk collided with a major bridge in the U.S. port of Baltimore's harbour last month, causing the structure to collapse. Maersk in its statement said there had been some media reports of another alternate channel slated to open later in April that would be able to accommodate larger vessels.

Reuters 7 days ago

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FBI Searches Dali Ship in Wake of Baltimore Bridge Collapse

As the investigation and cleanup both endure, other ports like N.Y.-N.J. are seemingly handling the diverted cargo with no interruption.

Sourcing Journal 8 days ago

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Container Cleanup at Baltimore Bridge Crash Site Begins After Biden Visit

The Army Corps of Engineers wants to restore normal port access by May 31—a timeline Baltimore mayor Brandon Scott says is “ambitious.”

Sourcing Journal 16 days ago

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Maersk to Phase Out Panama Canal ‘Land Bridge’ in May

Meanwhile, chief rival MSC faces a possible $63.3 million fine from the FMC for alleged violations of the U.S. Shipping Act.

Sourcing Journal 19 days ago

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20 Countries With The Highest Trade Surplus in the World

In this article, we will take a look at the 20 countries with the highest trade surplus in the world. If you would like to skip our discussion on the trends in global trade, you can go to the 5 Countries With The Highest Trade Surplus in the World. International trade, the exchange of goods […]

Insider Monkey 25 days ago

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5 things to know about cargo ship that brought down Baltimore bridge

The MV Dali container ship that caused the collapse of the Francis Scott Key Bridge in Baltimore was involved in a collision in 2016. The post 5 things to know about cargo ship that brought down Baltimore bridge appeared first on FreightWaves.

FreightWaves 27 days ago

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Lawsuits over Baltimore bridge collapse likely, though limited, lawyers say

The owner, operator and charterer of the container ship that struck Baltimore’s Francis Scott Key Bridge on Tuesday are likely to face lawsuits over its collapse and the people killed or injured, but legal experts say U.S. maritime law could limit the companies’ liability. U.S. laws pertaining to open-water navigation and shipping, which are created through court decisions and by acts of Congress, could restrict the kinds of lawsuits filed against the registered owner of the Singapore-flagged ship, Grace Ocean Pte Ltd, its manager Synergy Marine Group and its charterer Maersk, and could limit the damages they would have to pay, three legal experts told Reuters. The economic damages suffered by the city of Baltimore from the closure of the port, the busiest port for car shipments in the U.S., or by businesses that rely on it and the now-collapsed bridge would not be recoverable through lawsuits, said Martin Davies, director of the Maritime Law Center at Tulane University School of Law.

Reuters 27 days ago

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Logistics Firms Double Down on US-Mexico Nearshoring

Echo Global Logistics, Ryder Systems and Maersk have all made recent investments into operations in cross-border U.S.-Mexico trade.

Sourcing Journal 28 days ago

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White Paper: How Do Shippers Plan to Navigate Current Air Cargo Conditions?

Maersk teamed up with FreightWaves to better understand how shippers are navigating the current air cargo environment. The duo surveyed representatives of a wide range of companies about their experience over the past year, as well as their expectations about the future. The post White Paper: How Do Shippers Plan to Navigate Current Air Cargo Conditions? appeared first on FreightWaves.

FreightWaves 28 days ago

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This Coal Stock Is Taking a Big Hit From the Baltimore Bridge Collapse. Here’s Why.

Predicting the fallout from an event like the Baltimore bridge collapse can be difficult. The stock market, however, is ruthless in its predictive efficiency. Consol’s business runs through the Port of Baltimore, where the company owns its Marine Terminal.

Barrons.com 28 days ago

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UPDATE 9-Freighter pilot called for tugboat help before plowing into Baltimore bridge

The pilot of the cargo freighter that knocked down a highway bridge into Baltimore Harbor had radioed for tugboat help and reported a power loss minutes earlier, federal safety officials said on Wednesday, citing audio from the ship's "black box" data recorder. The head of the National Transportation Safety Board also said that Francis Scott Key Bridge, a traffic artery over the harbor built in 1976, lacked structural engineering redundancies common to newer spans, making it more vulnerable to a catastrophic collapse. New insights into the fatal disaster emerged a day after the massive Singapore-flagged container ship Dali sailing out of Baltimore Harbor bound for Sri Lanka reported losing power and the ability to maneuver before plowing into a support pylon of the bridge.

Reuters 28 days ago

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What we know about the Baltimore bridge collapse

A cargo ship rammed into Baltimore’s Francis Scott Key Bridge, causing the span to collapse and presumably killing six construction workers. The operators of the Dali cargo ship issued a mayday call moments before the crash early Tuesday saying the vessel had lost power. Eight construction workers were filling potholes on the bridge when the crash happened.

Associated Press Finance 29 days ago

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Francis Scott Key Bridge in Baltimore Collapses After Cargo Ship Collision

Two people have been rescued, and seven remain missing. All vessel traffic in and out of the Port of Baltimore has been suspended.

Sourcing Journal 29 days ago

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UPDATE 3-Houthis claim strikes on ships, Maersk denies it was attacked

Houthi militants in Yemen said on Tuesday they had mounted six attacks on ships with drones and missiles in the last 72 hours in the Gulf of Aden and the Red Sea, but one of the companies named, Denmark's Maersk, denied its vessel had been targeted. The Houthis said they attacked the Maersk Saratoga, APL Detroit, and the Huang Pu after identifying them as either U.S. or British, in addition to Pretty Lady ship which they claim was heading to Israel, the group's military spokesperson Yahya Sarea said in a statement.

Reuters 29 days ago

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How China skirts tariffs into the US

Chinese trade flow into Mexico is helping to build up the latter’s manufacturing capabilities, which is a long-term positive for the U.S. The post How China skirts tariffs into the US appeared first on FreightWaves.

FreightWaves 29 days ago

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UPDATE 2-Ship that collided with Baltimore bridge was chartered by Maersk

The Dali container vessel that collided on Tuesday with a bridge in Baltimore was chartered by shipping company Maersk, the Danish group said in a statement. The ship carried Maersk customers' cargo but none of the company's crew or personnel were onboard, it added. "We are horrified by what has happened in Baltimore, and our thoughts are with all of those affected," Maersk said.

Reuters 29 days ago

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Maersk Won’t Return to Red Sea Just Yet as Risks Remain ‘Elevated’

The ocean carrier said sailing around Africa's Cape of Good Hope is currently "the most reasonable solution" for the company.

Sourcing Journal 30 days ago

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Performance Overview

Return	MAERSK-A.CO	OMX Copenhagen 25 Index
YTD	-14.56%	+3.54%
1-Year	-18.95%	+2.56%
3-Year	-4.58%	+7.05%

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A.P. Møller - Mærsk A/S (MAERSK-A.CO)

Maersk could offer limited Baltimore barge service

Maersk's Israel operations continue as normal, company says

Baltimore's alternate shipping channels not deep enough, Maersk says

UPDATE 1-Baltimore's alternate shipping channels not deep enough, Maersk says

FBI Searches Dali Ship in Wake of Baltimore Bridge Collapse

Container Cleanup at Baltimore Bridge Crash Site Begins After Biden Visit

Maersk to Phase Out Panama Canal ‘Land Bridge’ in May

20 Countries With The Highest Trade Surplus in the World

5 things to know about cargo ship that brought down Baltimore bridge

Lawsuits over Baltimore bridge collapse likely, though limited, lawyers say

Logistics Firms Double Down on US-Mexico Nearshoring

White Paper: How Do Shippers Plan to Navigate Current Air Cargo Conditions?

This Coal Stock Is Taking a Big Hit From the Baltimore Bridge Collapse. Here’s Why.

UPDATE 9-Freighter pilot called for tugboat help before plowing into Baltimore bridge

What we know about the Baltimore bridge collapse

Francis Scott Key Bridge in Baltimore Collapses After Cargo Ship Collision

UPDATE 3-Houthis claim strikes on ships, Maersk denies it was attacked

How China skirts tariffs into the US

UPDATE 2-Ship that collided with Baltimore bridge was chartered by Maersk

Maersk Won’t Return to Red Sea Just Yet as Risks Remain ‘Elevated’

Performance Overview