All AP Moller Maersk articles
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News
Deutsche Bahn selects the final four DB Schenker bidders
Deutsche Bahn has narrowed the number of potential buyers of freight forwarding subsidiary DB Schenker down to four bidders that have now been invited to make binding offers.According to Reuters, the German rail giant has selected Maersk, DSV, Saudi shipping company Bahri and a private equity consortium led by CVC.Deutsche ...
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Bloomberg: Private equity and shipping giants circle DB Schenker
German forwarding and logistics company DB Schenker has attracted bids from shipping and logistics giants as well as a private equity consortium.According to a report in Bloomberg, a consortium led by CVC Capital Partners and Carlyle Group has submitted a bid worth around €14bn.Meanwhile, DSV, AP Moller Maersk and Mediterranean ...
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NewsMaersk weighs up DB Schenker bid
Source: ricochet64/Shutterstock.comShipping giant AP Moller Maersk says it would now consider making an offer for top-4 airfreight forwarder DB Schenker after previously dismissing the idea.Speaking after announcing its fourth-quarter results, chief executive Vincent Clerc said the company had now changed its mind on a possible bid for the forwarder given ...
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Maersk Air Cargo continues to expand fleet and frequencies
Maersk Air Cargo has added an extra Boeing 767 freighter and boosted frequencies on transpacific and Asia-Europe flights.The carrier said it would increase its transpacific service between Chicago Rockford International Airport (RFD) and Hangzhou Xiaoshan International Airport from three to six weekly rotations.Its service calling Greenville-Spartanburg International Airport (GSP), Incheon ...
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Maersk highlights ongoing need for air cargo despite ocean recovery
Shipping and logistics giant Maersk has said air cargo will be needed as a reliable alternative to oceanfreight during the peak season.In a market round-up, the Copenhagen-headquartered company said that although the oceanfreight market had improved in recent weeks there were still challenges ahead."Although the situation is improving across the ...
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Maersk Air Cargo starts regulatory process for US flights
Shipping giant AP Moller-Maersk has applied to the US Department of Transportation to have the foreign air carrier permit of subsidiary Star Air transferred to its new Maersk Air Cargo business.In filings seen by Air Cargo News, the company has applied to amend and reissue Star Air's foreign air carrier ...
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Maersk continues push into logistics with latest takeover
Shipping giant AP Moller Maersk has completed the acquisition of e-commerce supply chain firm LF Logistics in a deal with an enterprise value of $3.6bn.Hong Kong-headquartered LF Logistics employs 10,000 people, operates an extensive Pan-Asian network across 223 warehouses and specialises in B2B and B2C distribution solutions within retail, wholesale, ...
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NewsMaersk opens its war chest for project firm Martin Bencher
Source: MaerskCash-rich shipping giant AP Moller Maersk has announced the planned purchase of project logistics firm Martin Bencher as part of efforts to expand its supply chain offering.Maersk said the deal has an enterprise value of $61m and will allow the company to launch Maersk Project Logistics.Martin Bencher Group is ...
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Maersk completes $644m Senator acquisition as it looks to air cargo
Shipping giant AP Moller-Maersk has completed the acquisition of Senator International for $644m as it looks to boost its presence in forwarding and airfreight.Maersk said that Senator brings with it a well-developed airfreight network comprising own controlled flights and long-term partnerships with airlines, a well-established full container load (FCL) and ...
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Maersk completes acquisition of Pilot
Shipping giant AP Moller Maersk has completed its acquisition of US forwarder Pilot Freight Services in a deal worth $1.7bn.As a result of the acquisition, international and domestic supply chain provider Pilot Freight Services will be rebranded to Pilot – A Maersk Company.The transaction price of $1.7bn equals to an ...
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NewsOceanfreight consolidation set to benefit air cargo in the long term
Tom Crabtree. Source: Air Cargo NewsThe consolidation of the oceanfreight market is set to benefit the air cargo market in the long term as the price differential between the two modes will remain closer than in the past.Speaking at this week's Nordic Air Cargo Symposium, Boeing Commercial Airplanes market analysis ...
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NewsShipping giant Maersk launches new air cargo business
Maersk B767-300F. Source: AP Moller MaerskShipping giant AP Moller Maersk has launched its new air cargo business as it looks to meet customer demand for supply chain security.The company, which owns the world's largest container shipping line, said that its new Maersk Air Cargo business will be operational in the ...
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Maersk swoops on Pilot to expand US forwarding presence
Shipping giant AP Moller Maersk has swooped on US forwarder Pilot Freight Services as it continues to expand its logistics presence.The transaction price is $1.7bn and the deal is expected to be completed in the second quarter of 2022. The current owners of Pilot are private equity firm ATL Partners ...
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InsightsNew Magma Aviation CEO outlines expansion plans
Freighter fleet and network expansion are already key strategic ambitions for Conor Brannigan, recently appointed chief executive of Magma Aviation, writes Roger Hailey.Brannigan, appointed in October last year after joining the cargo management company in July, started his aviation and cargo career with Aer Lingus in 2006 until 2013.He continued ...
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NewsAir Cargo News' most read stories in 2021
Last year was another busy 12 months for the air cargo industry, with COVID-19 continuing to take its toll on supply chains.Some of the challenges facing the industry were modal shift, COVID shutdowns, rising demand and ongoing capacity shortages but once again air cargo came through, playing a key role ...
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Maersk targets air cargo with Senator acquisition and freighter order
Shipping giant AP Moller Maersk is expanding into the air cargo market with the acquisition of freight forwarder Senator International and the addition of five freighters.The company, which owns the world's largest container shipping line Maersk Line, said it "intends" to acquire Senator International to "accelerate its product offering which ...
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Maersk set to swoop on Senator International?
Shipping giant AP Moller Maersk is in discussions to takeover Hamburg-based freight forwarder Senator International.Air Cargo News sister publication DVZ reports that the talks are at an advanced stage and a deal could be announced this week.Both companies declined to comment to DVZ.The deal would continue Maersk's push into supply ...
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NewsMaersk launches airfreight forwarding operations with charter flights
Shipping giant Maersk has launched airfreight forwarding operations with the addition of charter flights between Thailand and Japan.The company said that it launched the first of multiple charter flights moving cargo for a leading tyre manufacturer from Thailand to Japan on October 11.The expansion in airfreight forwarding comes following the ...
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Damco brand to be axed as part of re-organisation
Damco parent AP Moller Maersk has announced that it will integrate the forwarder into its own logistics business.The shipping giant said that as a result, the Damco brand will disappear from the market by the end of 2020.The move will see Damco's air and less than container load (LCL) offering ...