MAERSK GROWTH
Logistics SaaS startup Fleetx raises Rs 113 crore from Indiamart, Beenext
Founded in 2017, Fleetx offers AI- and IoT-powered solutions across fleet management, trip intelligence, video telematics, fuel analytics, transport ERP, and transportation management systems (TMS). Fleetx currently serves more than 2,000 customers, including over 100 enterprise accounts such as Ultratech Cement, Unilever, Adani Group, Godrej, Vedanta, Maersk, and Hindalco.
Defence stocks detonate in Rs 1.8 lakh crore boom. Is a ceasefire on the charts?
Defence stocks surged by Rs 1.8 lakh crore following Operation Sindoor, driven by strong government orders and Make-in-India momentum. Key players like IdeaForge, Cochin Shipyard, and HAL saw significant gains. While optimism runs high, experts caution on stretched valuations and potential profit booking, urging investors to maintain valuation discipline amid rising geopolitical and defence budget developments.
Hapag-Lloyd CEO sees ‘huge surge’ in volume last few days
Hapag-Lloyd AG, a major container carrier, reports a significant business surge. This follows the US and China easing tariffs. The demand for transpacific shipping has increased. Bookings from China to the US are rebounding strongly.
MatchLog partners with Maersk for landside equipment optimisation in India
Mumbai-based MatchLog Solutions is aiming to create a sustainable ecosystem in the shipping industry through its container reuse platform.
Trump's reciprocal tariff plan amplifies risk of ocean shipping chaos, executives say
U.S. President Trump's impending announcement of reciprocal tariffs has created uncertainty and concern in the ocean shipping industry, which already faces mounting confusion from previous tariffs on major trading partners. Companies are struggling to adjust to constantly changing trade policies, leading to temporary fixes like increased air shipping and stockpiling of goods.
Maersk plans to invest $5 billion in Indian ports and landside infrastructure
A.P. Moller Maersk plans to invest $5 billion in India’s ports, terminals, and landside infrastructure. The focus will include expanding the Pipavav terminal and developing a container terminal at Vadhavan Port. Maersk aims to streamline supply chains by integrating transportation, port handling, warehousing, and distribution services.
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Maersk and Cochin Shipyard partner to explore ship repairs and shipbuilding activities in India
The strategic alliance is in line with India’s vision to transform the maritime sector and establish itself as one of the top five global maritime hubs.
Maersk raises guidance again as Red Sea attacks boost rates
Maersk had already raised its 2024 profit forecast in May, June and August, as the Red Sea conflict was having a larger than previously expected impact on the world’s supply lines.
Maersk appoints Christopher Cook as its new Managing Director for India, Bangladesh & Sri Lanka
Cook has driven substantial growth by successfully diversifying the business while achieving high customer satisfaction levels.
Maersk expects container demand growth to slow, raises investment forecast
Maersk, viewed as a barometer of world trade, said global container demand was estimated to have grown 5%-7% in the second quarter, boosted by a 10% jump in Chinese exports on the year, among other factors.
Maersk Q2 Results: Profit drops 45% to $833 million over disruptions in global supply chains
The Red Sea crisis has led to increased operating costs for Maersk, it said, necessitating rerouted shipping lanes that have impacted the company's overall profitability. Despite this, Maersk’s revenue for the quarter was $12,771 million, slightly down from $12,988 million reported a year earlier.
Maersk sees global trade disruptions lasting throughout 2024
Global transport disruptions from the Red Sea conflict are expected to persist, according to A.P. Moller-Maersk. The shipping company has revised its financial guidance upwards, driven by heightened freight rates as vessels avoid the Suez Canal.
Maersk veteran builds $220 million bet backed by super-rich
The Copenhagen-based venture firm has already secured about half that amount from major family offices as well as institutional investors and is set to hold a primary close of the fund by the end of March.
A.P. Moller – Maersk to strengthen its distribution network in India with more than 500 Electric Vehicles
Within a year of deploying the first set of electric vehicles in India, Maersk is now looking to strengthen its EV fleet to over 500 vehicles in 26 cities covering first, middle and last-mile distribution across India.
Maersk launches new solution for eCommerce fulfillment at Rs 80/order
Maersk has introduced a new eCommerce fulfilment solution for small to medium-sized businesses in India. The solution provides a single window for all elements, including storage, last-mile deliveries, executing return orders and end-to-end visibility at unified pricing. By providing single-window access to all required solutions through its new service, Maersk hopes to take the complexities out of its customers’ supply chains, which will be available at a flat rate of INR80 ($1) per order.
A.P. Moller - Maersk inaugurates two warehouses in India
The warehouses in Farrukhnagar, Harayana and Dadri, Uttar Pradesh, take the company's total warehousing footprint to 3.3 million sq. ft. spread across 20 facilities in India
Maersk says shipping boom will stabilise in H2, revises up profit guidance
The company now expects growth in global container demand to slow this year to between minus 1% and plus 1%, compared to its previous expectation of 2-4% growth.
Maersk launches air cargo in response to customers needs
The new air freight company is the result of the existing in-house aircraft operator, Star Air, which has transferred activities into Maersk Air Cargo, the new carrier supporting existing and new customers and Maersk’s end to end logistics.
Maersk expects supply chain chaos to buoy 2022 profits
Maersk, which handles about one in five containers shipped worldwide, increased dividend payout to shareholders to a total of 47 billion Danish crowns ($7.20 billion), or 2,500 crowns per share, compared to 330 crowns per share a year earlier.
Maersk overtaken as world’s no.1 shipping line by MSC
After struggling to make money for much of the past decade, the container shipping industry just had its most profitable year ever as pandemic-driven demand for consumer goods strains capacity on vessels.
Maersk’s green shipping plan runs up against scarce cooking oil
Maersk consumes about 12 million tons of marine oil per year, roughly equal to all the oil produced in the world in one day.
Maersk is said to weigh sale of $1 billion cold container unit
The unit has seen high demand for its containers during the coronavirus crisis, with lockdowns clogging global trade routes and upending flows of refrigerated storage.
Maersk appoints Vikash Agarwal as new MD for South Asia
Agarwal has had a track record of leading country-level operations with wide-ranging regional roles in the logistics industry, said the release, adding his recent employment was with CEVA Logistics - Indian subcontinent as their Managing Director since 2014.
Riding rough seas: World's largest shipping line banks on India for tech transformation
Technology is extremely important for Maersk and Bangalore is playing a big role in bringing about a change.
Maersk & BlackBuck partner to provide online marketplace for containerised trucking
The platform will be open to the whole industry and will empower sustainable growth & efficiency by reducing touchpoints in the supply chain
India's containerised foreign trade surges 10% in Q3 2017
Demand for India-made appliances and kitchenware in Saudi Arabia also witnessed a 8% growth in Q3 2017.
10% cost reduction can add $5.5 billion to India's trade revenues
The insights were contained in “Stimulating India’s EXIM Growth,” a study conducted by Confederation of Indian Industry and Maersk.
India has opportunity to improve its global trade share in 2017: Maersk
The insights were contained in “Stimulating India’s EXIM Growth,” a study conducted by Confederation of Indian Industry (CII) and Maersk.
Keen to expand and invest in India: Maersk
The Maersk Group, said that for the 'Make in India' programme to succeed, the country needs "energetic set of policy mechanism" for the sector.
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