Maersk to Buy German Container Shipping Line Hamburg Süd

The deal highlights the push toward consolidation of the shipping industry, which is grappling with low freight rates and oversupply.

December 2, 2016

A.P. Moller- Maersk

Safmarine Kuramo, a 2,500 twenty-foot-equivalent-unit (TEU) boxship briefly hijacked off the Nigerian coast on Feb. 5, was released the following day with all crew members reported to be safe, according to Singapore’s Maritime and Port Authority (MPA).

Safmarine Kuramo, a 2,500 twenty-foot-equivalent-unit (TEU) boxship briefly hijacked off the Nigerian coast on Feb. 5, was released the following day with all crew members reported to be safe, according to Singapore’s Maritime and Port Authority (MPA).

A.P. Moller-Maersk agreed to buy German rival container shipping line Hamburg Süd, sending shares in the Danish shipping company up nearly 5 percent.

The deal highlights a push to toward consolidation the container shipping industry, which is grappling with low freight rates and oversupply.

It also follows Maersk's announcement in September that it would focus on transport and logistics, and spin off its energy operations.

To read the full story, please click here.

A.P. Moller- Maersk

Adobe Stock 692099781

Fostering Agile Supply Chains with Data Analytics: Alexis Asks

Supply chain resiliency requires the ability to predict, prepare and act on insights before disruptions occur— this is no longer a luxury.

Pros to Know Award: Nominations Open

This award recognizes influential individuals whose accomplishments offer a roadmap for other leaders looking to leverage supply chain for competitive advantage. Submissions close Dec. 27.

51713 092624 Social 1200x628

5 Steps Towards ESG Compliance

Environmental, Social and Governance (ESG) considerations have become pivotal in shaping supply chain operations.

Salenaya Alena Adobe Stock 1045035114

Smart Container Breach Detection System Safeguards Cargo

The Eye-Seal internal container breach detector is designed to safeguard and monitor cargo across more than 180 countries.

Oia B Ti Airmark 1

OIA Global Acquires BTi Logistics, Airmark Ocean & Air Logistics

OIA Global acquired BTi Logistics and Airmark Ocean & Air Logistics, significantly broadening its footprint in Australia and New Zealand, and strengthening its footprint in Singapore.

Blue Planet Studio Adobe Stock 460331017

October Container Import Volumes Strain U.S. Maritime Logistics

October U.S. container imports were 2,494,635 TEU, marking the fourth consecutive month of volumes exceeding 2.4 million TEUs, a threshold that has historically strained U.S. maritime logistics, according to Descartes.

Freshidea Adobe Stock 142658862

Container Traffic Entering West Coast to Add Strain to U.S. Supply Chain

Changes in the ITS Logistics US Port/Rail Ramp Freight Index, presented by ITS Logistics, reflect the temporary agreement made between terminal operators and union officials to reopen port operations on the U.S. East and Gulf Coasts.

Cakeboxx Flex Boxx2

Flexible Loading Enhanced Container System for Intermodal Transportation

CakeBoxx Technologies launched FlexBoxx, a flexible loading enhanced container system designed for transporting steel coils and other heavy-duty materials.

Port Of Los Angeles

East, West Coast Recovery Efforts Following Severe Supply Chain Disruptions

Despite the quick recovery in inbound container vessel numbers, there was still a significant number of vessels anchored outside major ports.

Olaf Simon Adobe Stock 350588461

Transportation, Logistics Outlook for 2025 Brings Both Risk, Opportunity: Report

Expect moderate growth to return in the first quarter and long-term growth trends of 5.7%, year over year, to be restored by the end of 2025, according to Motive's outlook report.

Sanit Adobe Stock 328722787

Transborder Freight Between U.S., Mexico Experiences Uptick: Report

Transborder freight between the United States, Canada and Mexico experience a slight uptick across all modes, according to a report released by the Bureau of Transportation Statistics.

Tanakorn Adobe Stock 579117715

Advancing Climate Action in Ports

HACC’s new dynamic knowledge hub provides port and shipping policymakers with insights on cutting-edge policy, technology, and innovation to drive climate action across mitigation, adaptation, and resilience.

Pros to Know Award: Nominations Open

This award recognizes influential individuals whose accomplishments offer a roadmap for other leaders looking to leverage supply chain for competitive advantage. Submissions close Dec. 27.

Kalyakan Stock adobe com

Ports Industrial Markets Continue to Cool as Vacancies Climb

U.S. ports shows port-proximate real estate demand continues to cool as vacancies climb despite increased cargo throughput at the top U.S. ports year-to-date, according to a Cushman & Wakefield report.

Adobe Stock 373125538

Motiv Electric Trucks Appoints Desi Ujkashevic to Board of Directors

Personnel updates sees new appointments and promotions at Mytra, Motiv and more.

Adobe Stock 226731646 (1)

Revolutionizing Port Logistics with Next-Gen Port Technologies

By adopting port technology systems, LSPs can access real-time data, automate their workflows and better manage costs.

Zhu Difeng Adobe Stock 84691685

U.S. Ports Responsible for Nearly $2.9T in Economic Activity: AAPA Study

U.S. ports are responsible for nearly $2.9 trillion in economic activity and 21.8 million American jobs, according to a study released by the American Association of Port Authorities.

Adobe Stock 912833569

The Impact of Threats on Global Shipping: Adaptive Supply Chains

Ongoing instability impacts shipping efficiency and has broader economic implications. These disruptions highlight the need for adaptive supply chain strategies and leveraging advanced technologies to navigate increased risks and operational costs.

Adobe Stock 423648685 (1)

Strategies and Challenges of High-Volume Parcel Shippers: Research

A new report by ProShip offers a comprehensive analysis of the strategies and challenges facing high-volume parcel shippers.

Leonid Adobe Stock 501221203

Election Uncertainty and Global Volatility to Persist Well into 2025

The U.S. container trading market is experiencing heightened volatility due to several influencing factors. The recent strikes at East Coast ports have left a lasting impact on supply chains, while focus shifts to the U.S. elections.

Freshidea Adobe Stock 142658862

U.S. Container Imports Mark Third Consecutive Month of Elevated Volumes

September U.S. container import volumes were 2,520,935 TEUs, which marks the second time this year that volumes have eclipsed 2.5 million TEUs and the third month in a row that they have surpassed the 2.4 million TEU threshold.

Db+schenker Ocean+bridge+pc

Supply Chain Monitoring Tool for Freight Shippers

DB Schenker launched Ocean Bridge, a supply chain monitoring tool that provides complete visibility of maritime operations down to vessel, shipment and container level in ocean freight.

Adobe Stock 382940101 (1)

The Relentless Rise: Adapting to Increasing Transport Costs

Adapting to the new reality of high transport costs requires a holistic strategy that combines awareness of global trends, but with an even keener focus on internal improvements.

Adobe Stock 372696685 (2)

How to Stay Ahead of Transportation Challenges in 2025

Now is the time to assess your readiness and build a network of resources that ensures your organization can face the unpredictable with confidence and resilience.

Blue Planet Studio Adobe Stock 460331017

International Longshoremen’s Association, United States Maritime Alliance Reach Tentative Agreement; Ports Resume Operation

All 45,000 dockworkers who went on strike Oct. 1 have resumed to their duties.

Adobe Stock 1004378866

The Wake of Disruption and Destruction in Supply Chain: Alexis Asks

The impacts of hurricane Helene, now Milton, and the port strike, are shaping up to spell disruption with a capital D. With collaboration, technology and communication, supply chains are moving forward the best they can.

Port Of Long Beach

Businesses, Unions, Agricultural Organizations Urge Mayors Bass and Richardson to Oppose Air District's Indirect Source Rule for Seaports

The proposed Port ISR would result in capping cargo at the ports, negatively impacting port jobs and the regional economy.