Maersk in modular building move

Maersk opened a 23,000 sqm warehouse in Rotterdam’s Maasvlakte II, enhancing cargo flow and creating over 200 jobs, with Starbucks as its first customer.

Maersk’s Q1 revenue decreased by US$1.9 billion, mainly from Ocean, while the Logistics & Services and Terminals businesses saw increases of US$33m and US$123m respectively.

The attack on the UK-registered and Belize-flagged general cargo ship RUBYMAR on 18 February reveals that the crisis in the Red Sea is far from being resolved and that the role of the naval protection force appears limited.

The Washington (DC) headquartered World Shipping Council, which represents the interests of the world’s main liner shipping companies, has proposed a new pricing system that it believes can close the gap between the price of fossil fuels and green fuels.

The British International Freight Association, which represents the interests of most freight forwarders and logistics companies in the UK, is pleased that the UK Government will not press for new legislation once the EU’s Consortia Block Exemption Regulation ends on 25 April.

Copenhagen-based Maersk Line is the latest liner shipping company to report losses for Q4 2023 and sharply reduced profitability, compared with 2022, for the full year.