Maersk Line to invest $2 Billion in Pakistan’s Maritime Sector
During the meeting, Minister Qaiser Ahmed Shaikh highlighted that Maersk Line has committed to a landmark investment of USD 2 billion in Pakistan’s maritime sector.
Adil Aziz
Pakistan, Denmark sign MOU for restructuring in Pakistan’s Maritime sector
Minister for Maritime Affairs Qaiser Ahmed Shaikh signed the memorandum of understanding (MOU) on the behalf of Pakistani government and Denmark’s Minister for Industry, Business and Financial Affairs Morten Bodskov from the Danish government.
Maersk back again resumes containerships transit through Red Sea
Denmark’s shipping giant Maersk said that it has rerouted four out of five container vessels that were stuck in the Red Sea back towards the Suez Canal and the long journey around Africa to avoid the risk of attack.
Mehfooz
Two global shipping companies stop the ships transit in Red Sea
Denmark’s Maersk and German rival Hapag-Lloyd said (Jan 2) that their container ships would continue to avoid the Red Sea route that gives access to the Suez Canal following a weekend attack on one of Maersk’s vessels.
US security sinks 3 ships, kills 10 after Houthi Militants Red Sea attack
US Helicopters repelled an attack by Iran-backed Houthi militants on a Maersk container vessel in the Red Sea, sinking three ships and killing 10 militants, according to accounts by American, Maersk, and Houthi officials.
Editor
Shipping Companies resuming operations to transit through Suez Canal
France based CMA CGM is increasing the number of vessels travelling through the Suez Canal, it said on Tuesday, joining Maersk in returning to the area after US-led efforts to prevent attacks.
Incoming day’s will consumers to suffered delay in shipment, due to tension in red sea
SHIPPING and logistics companies are warning of delays and higher charges for Asia-Europe freight, as major shipping lines reroute from the Suez Canal to avoid Yemeni rebel attacks in the Red Sea.
Maersk unveils world’s first bio-methanol container ship
DANISH shipping giant Maersk on Thursday (Sep 14) launched the world’s first container ship running on bio-methanol, a key step in its effort to lower its huge carbon footprint. Maersk, which sold its oil division to Total Energies in 2017, has set out a target to become carbon neutral by 2040. European Commission head Ursula von…
Shipping giant Maersk taps investors for first green- bond sale
SHIPPING giant AP Moller-Maersk is selling US dollar-denominated green bonds for the first time ever, the latest company to test investor appetite in a market challenged by political pressure. The Copenhagen-based company is selling the bonds maturing in 10 years, according to a person with knowledge of the matter. The offering may yield 1.9 percentage…