Shipping - Page 85

Current CEO Morten Engelstoft to retire after 36 years with A.P. Moller-Maersk.

Deal is for period of 7 years for a total consideration of approximately $600 million.

Recent increase is far higher than both last year and normal seasonal levels: VesselsValue

Effects are quite persistent, peaking after a year and lasting up to 18 months

Egypt has ambitions to become global leader in green energy value chain: Henriette Hallberg Thygesen, Maersk

Ex-Google and Starbucks executive Kim Spalding succeeds Mike White

Company has ordered 10 new 16,000 TEU vessels for delivery in 2024 and 2025.

Approximately 100 other containers were damaged while no crew members were injured.

With 12 ports, APSEZ's milestone of handling 300 MMT annually has come in just three years since achieving 200 MMT.

80,000 TEUs will be transported using Maersk’s biofuel and CMA CGM’s solution based on LNG.

Americans continue to import goods at record levels; ports and landside workforce unable to process cargo: WSC

Plan includes 18 participants across the supply chain including trucking, warehousing, logistics companies and ports.