New forces arise in the Med

Danish Ambassador H.E Jakob Linulf and APM Terminals CEO Keith Svendsen met Pakistani officials to discuss port investments and logistics collaboration.

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.

MSC is poised to increase size gap over CMA CGM, and Maersk will become the second-largest carrier; Hapag-Lloyd aims to maintain top-5 status.

Leveraging its strategic location within Europe’s largest chemical cluster, the Port of Antwerp-Bruges believes it is equipped to seamlessly accommodate methanol bunkering operations.

The decision to declare general average indicates that the owners of Dali expect the salvage operations to result in extraordinarily high costs.