All Maersk articles – Page 5
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ArticleDaimler tests blockchain technology in loan issue
Daimler and German bank Landesbank Baden-Württemberg (LBBW) have teamed up on a project using blockchain technology for a €100m loan transaction.The entire deal for the one-year corporate Schuldschein (a loan agreement unique to the German market) was digitally carried out using the distributed digital ledger technology. This includes the origination, ...
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ArticleMaersk resumes online orders as port operations recover after cyber-attack
AP Moller-Maersk has resumed taking online bookings and said operations at all of the ports it has terminals at were now running “close to normal” after Tuesday’s cyber-attack.Earlier this week, Maersk, one of the world’s biggest ocean carriers with 600 vessels, said the ransomware attack had brought down IT systems ...
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ArticleMassive cyber-attack hits global shipping companies
AP Moller-Maersk and TNT Express are among a rapidly growing number of companies so far affected by this week’s global cyber-attack, which has also hit Ukraine’s power network, transport services and banks, as well as the Rosneft oil company in Russia.Security experts said a malicious software called Petya and a ...
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ArticleGreen light for Maersk Line's acquisition of Hamburg Süd
The respective boards of Maersk Line and Oetker Group have approved the agreement for a takeover by the former of shipping company Hamburg Süd, in a deal first announced last December.The acquisition of the Oetker subsidiary will add 20% to Maersk Line’s capacity and 26% to revenues, mainly on the ...
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ArticleLogistics providers recognised in GM supplier awards
General Motors has once again recognised the services of its logistics providers at its annual Supplier of the Year awards, held in Orlando, Florida, on March 31st.Out of the 118 global tier suppliers from 15 countries that received awards for products and services in 2016, 11 were from the global ...
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ArticleInttra snaps up Avantida to move into container logistics
Parsippany, New Jersey-based electronic shipping transaction platform Inttra has acquired Belgian empty container management solutions provider Avantida for an undisclosed sum.Avantida, based in Antwerp, specialises in optimising the handling of empty shipping containers. Its reuse and repositioning applications provide information for shippers and transport companies to help minimise miles driven, ...
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ArticleMaersk and IBM to introduce blockchain into global shipping industry
Shipping giant Maersk and IBM have announced a blockchain initiative that they say will help transform the cross-border shipping industry globally.The two companies said using the digital ledger system, made famous by the Bitcoin cryptocurrency, had the potential to save the industry billions of dollars when adopted at scale. Ninety ...
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ArticleWhat to watch in 2017
The automotive supply chain could take several knocks in 2017 from rising protectionism and regulatory changes. Automotive Logistics consults its crystal ball to highlight some of the potential hotspots…North AmericaWhich way will Trump blow? There will be worries, especially in Mexico, about overhauls to Nafta or import rules, though it ...
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Article2016 in review: takeovers, disputes and political upheaval
The year 2016 may well go down as one of the most significant in recent history – not just politically but also for the automotive supply chain. Surprise voting results in the US and Europe have created significant uncertainty regarding global trade that may go on for years and is ...
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ArticleMaersk Line buys Hamburg Süd as sector consolidation continues
Denmark’s Maersk Line, the world’s largest container shipping company, has agreed to buy Hamburg Süd, the world’s seventh biggest, for an undisclosed sum.The deal is just the latest in a series announcements reflecting consolidation in the shipping industry, which is suffering from record low rates and overcapacity. Back in August, ...
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ArticleK Line, MOL and NYK form container joint venture
Global maritime logistics providers Kawasaki Kisen Kaisha (K Line), Mitsui OSK Line (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) are integrating their respective container shipping businesses in a new, as yet unnamed, joint venture. The merger includes the companies’ worldwide terminal operations, with the exception of Japan.NYK will own 38% ...
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ArticleKia switches to rail for parts shipments through Cordele
Governor Deal, centre left, is joined at the rail yard by CIS president Jonathan Lafevers, Georgia Rep. Buddy Harden, KMMG chief administrative officer Stuart Countess, Georgia Ports Authority Board chairman Jimmy Allgood, and GPA executive director Griff LynchKia Motors America is moving the shipment of inbound parts through the ...
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ArticleMaersk Group appoints Søren Skou as CEO
Søren Skou (pictured) has been appointed CEO of AP Møller-Maersk, replacing Nils Andersen, who is leaving Maersk Group. The changes will take place on July 1st.Skou takes on the new role in addition to his existing position as CEO of Maersk Line, a job he took up in 2012. He ...
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ArticleChina-Europe rail: The road less travelled
The old Silk Road that connected China to Europe rose to significant prominence during the seventh and eighth centuries, when not only was silk moved from China but also spices, paper and noodles across Eurasia. The route has been disrupted and dismantled many times during the last millennium or more, ...
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ArticleIran back on the map as a contender in the car market
Last week’s official lifting of many international economic sanctions against Iran could mark a major step forward for both its domestic car producers and those international brands eager to make the most of pent up demand in the Iranian market. Carmakers and global shipping lines are among those companies who ...
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ArticleMaersk Line continues job cuts
After cost reduction plans were announced by Maersk Line last month, and more than 100 jobs have been cut, chief commercial officer Stephen Schueler has become the highest profile member of staff to leave the company.Between now and the end of 2017, Maersk plans to reduce its staff number by ...
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ArticleFocus on Spain part 3: Closely controlled growth
GM and Gefco are managing a global supply chain to produce the Mokka in Zaragoza, while the OEM is trying to cope with a shortage of transport assets in Spain.One of the important carmakers in Spain is General Motors, which has been operating its Opel plant since 1982 in the ...
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ArticleInfor to buy GT Nexus for $675m in Q3
US supply chain software provider, Infor, has announced it is buying GT Nexus, the world's largest cloud-based global commerce platform, for $675m. The buyout is expected to be complete by the end of September this year and will create the first global commerce cloud with end-to-end control and visibility for ...
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ArticlePoonam Datta takes up a CCO role with Globe Express Services
Supply chain logistics provider, Globe Express Services (GES), has appointed Poonam Datta as its new Chief Commercial Officer (CCO).Datta will be responsible for developing the company's global commercial strategy and further expanding its presence in the international market.Datta has a 25-year career in the logistics industry and has worked with ...
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ArticleSkoda: Simply Clever logistics
Jirí Cee, head of Skoda brand logistics, discusses the processes in the OEM's Czech homeland that are setting a standard for further growth around the worldMladá Boleslav, 70km north-east of Prague, is the town of Skoda. It has been the carmaker’s home since Laurin and Klement built their first car ...