Maersk is planning to invest over $500 million to support its supply chain operations in Southeast Asia. The Danish shipping firm said in a Monday (Dec. 4) press release that the investment aims to boost efficiency, reduce trade costs and strengthen supply chain resilience in the region. Maersk...
Maersk is eliminating another 3,500 positions after having reduced its headcount by 6,500 throughout the year. The Copenhagen-based shipping company announced this move while reporting its financial results for the third quarter, including a decrease in revenue from $22.8 billion in the same quarter last year...
Container shipping rates have reportedly experienced a significant decline due to a decrease in consumer demand for goods, particularly in the ocean freight industry. This decline has posed challenges for ship operators as voyages become unprofitable at current rates, The Wall Street Journal (WSJ) reported Monday (Oct....
Global logistics company Maersk and autonomous technology developer Kodiak Robotics have launched a commercial autonomous trucking lane between Houston and Oklahoma City. Since August, the companies have been using autonomous trucks pulling 53-foot trailers, with a safety driver behind the wheel, they said in a...
July 14, 2017
The WannaCry ransomware in May crippled hospitals, railways and government in more than 150 countries: the biggest cyberattack on the books, affecting hundreds of thousands of computers. Few paid up, but with systems down for days or weeks, bottom lines certainly suffered regardless. A month later, the Petya worm exploited the same Microsoft Windows vulnerability […]
January 17, 2024
Global shipping companies Maersk and Hapag-Lloyd have signed an agreement for a long-term operational collaboration. This collaboration, known as the “Gemini Cooperation,” will begin in February 2025 and aims to create a flexible and interconnected ocean network with industry-leading reliability, the companies said in a Wednesday (Jan. 17) press release. The partnership between Hapag-Lloyd and […]
December 04, 2023
Maersk is planning to invest over $500 million to support its supply chain operations in Southeast Asia. The Danish shipping firm said in a Monday (Dec. 4) press release that the investment aims...
November 03, 2023
Maersk is eliminating another 3,500 positions after having reduced its headcount by 6,500 throughout the year. The Copenhagen-based shipping company announced this move while reporting its financial results for the third...
October 09, 2023
Container shipping rates have reportedly experienced a significant decline due to a decrease in consumer demand for goods, particularly in the ocean freight industry. This decline has posed challenges for...
