Maersk

GE Transportation | November 16, 2016

GE (NYSE: GE) and Maersk Drilling announced a partnership to collaborate on a data analytic-driven pilot project with the aim to increase Maersk’s drilling vessels’ productivity and significantly reduce maintenance costs by up to 20 percent.The two companies have collaborated to deploy SeaStream* Insight, GE’s latest innovation in marine asset performance management, powered by Predix*. The pilot project will be carried out on one of Maersk Drilling’s XLE rigs and will la...

OOCL Logistics | November 01, 2016

What OOCL found was that even though its volumes rose solidly on the trans-Pacific and remained flat on Asia-Europe, revenue fell sharply. In the third quarter, the Hong Kong-listed line’s trans-Pacific volumes were up 14 percent while revenue fell 16 percent year-over-year. Asia-Europe volumes were basically flat but revenue plunged 22 percent compared with the same period in 2015.This is not good news for Maersk, which experienced the higher volume-lower revenue situation in the second quarter...

Maersk | May 26, 2016

Maersk Lines, one of the world's leading shipping line has announced it won't be operating any longer in the port of Montevideo, Uruguay, because of logistic problems with the operations of its vessels......

Maersk | May 05, 2016

A.P. Moller-Maersk returned to profit at its main container shipping business in the first quarter, putting the cash rich company in a strong position as the struggling industry consolidates. The group’s shares were up by 5.6 percent at 1127 GMT on Wednesday after Maersk Line confounded expectations of a loss at the container shipping business as the sector grapples with a downturn brought on by overcapacity. Rates for shipping containers transporting anything from flat-screen TVs to sportswear ...