Leading shipping line Mærsk A/S has reached an agreement to acquire 100 percent of the shares in the contract logistics business of Hong Kong-based LF Logistics in an all-cash deal valued at US$3.6 billion. The acquisition is expected to strengthen Maersk’s capabilities as an integrated container logistics company that offers end-to-end supply chain solutions to its customers. Also read: Shipping giant Maersk beefs up air freight operations LF Logistics, owned by fashion and retail … [Read more...] about Maersk boosts fulfilment service with LF Logistics takeover
Maersk
Maersk kickstarts airfreight services, taps AirAsia to deliver Thai shipment
Maersk transported its first airfreight shipment from Thailand to Nagoya after the integration of Damco’s airfreight and LCL services into Maersk’s product portfolio earlier this month. The Danish logistics provider tapped AirAsia to fly 11 airfreight charters for a leading tyre manufacturer in Thailand. Maersk Thailand, Malaysia and Singapore told The Loadstar the client was previously a regular air cargo customer for Damco, but the current airfreight capacity crunch required finding … [Read more...] about Maersk kickstarts airfreight services, taps AirAsia to deliver Thai shipment
Maersk misjudged container-shipping demand
The chief executive of Danish shipping group Maersk Line said recently that the company misjudged the strength in demand for container shipping, which has proved far more sluggish than it expected when it ordered billions of dollars' worth of new vessels two years ago. The world's biggest container shipper is now counting on the planned P3 cargo-sharing alliance with European rivals CMA CGM and Mediterranean Shipping Co. to cut costs and reduce the number of their ships plying major routes … [Read more...] about Maersk misjudged container-shipping demand
P3 carriers unveil their schedules
Maersk, Mediterranean Shipping Co and CMA CGM have released service details covering the Asia-Europe, transpacific and transatlantic trades and say they are on schedule to launch operations for the P3 network in the second quarter of next year, assuming there are no regulatory obstacle Maersk’s 18,270 teu Triple-E ships will be deployed in a revised AE1 loop that will call at Bremerhaven, Wilhelmshaven and Rotterdam in northern Europe. The broad outline of the operational alliance … [Read more...] about P3 carriers unveil their schedules
