US$100M loss for APM Terminals

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.

West Africa Container Terminal partners with Starsight Energy to deploy solar energy, replacing 30% of diesel power, and reducing carbon emissions by 20kt.

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.

China’s crane manufacturer ZPMC announces delivery of eleven quay cranes to major container terminals worldwide.