All maersk articles
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ArticleMaersk invests in freight-booking startup Loadsmart
Digital freight broker, Loadsmart, has received funding worth a total of $21.6m from the venture investment arm of container shipping giant, AP Møller-Maersk, and two other leading investment firms.Maersk Growth, along with Connor Capital and Chromo Invest, are investing to increase Loadsmart’s operations team and support product development and engineering. ...
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ArticleCracking under sanctions
The re-imposition of sanctions by the US on Iran has dealt a hammer blow to the country’s emerging automotive industry. The threat of retaliation by the US against those whom it deems to have broken those sanctions has, once again, prompted vehicle-makers and logistics companies to pull out of the ...
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ArticleBlockchain technology: Quicker off the blocks
As global trade intensifies, so do the risks associated with cyber-breaches, fraud and limited visibility for shippers to track and trace international shipments across the end-to-end supply chain. While digital connectivity introduces a whole new set of risks and potential disruptions to global trade, big data and industry stakeholders, breakthroughs ...
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ArticleMaersk estimates cost of NotPetya cyber-attack at $200m-300m
Shipping company AP Moller-Maersk says it expects the impact of the NotPetya cyber-attack in June to have cost the company $200m-300m, of which the majority relates to lost revenues in July.Despite this, the company still expects to beat last year’s figure of $711m in terms of underlying profits for the ...
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ArticleFedEx admits TNT hasn’t fully recovered from June’s cyber-attack
Global courier company FedEx has admitted that its subsidiary TNT Express is continuing to suffer from the effects of last month’s cyber-attack. The firm is still processing some transactions manually, it said, and some data may never be fully recovered.“All TNT depots, hubs and facilities are operational and most TNT ...
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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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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 ...