ZIM Integrated Shipping Services has announced an order of 500 Star Cool Integrated Reefers from Maersk Container Industry. With 300,000 units in operation globally, the reefer containers have a great track record.
A.P. Moller - Maersk has closed the first quarter of 2019 with a 33% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.2bn while revenue grew by 2.5% to USD 9.5bn compared to Q1 2018. Operating cash flow improved significantly to USD 1.5bn and free cash flow was USD 3.5bn, including sale of shares in Total S.A.
Claus V. Hemmingsen will step down as Vice CEO of A.P. Moller – Maersk and CEO of the Energy division, having successfully concluded the separation of Maersk Tankers, Maersk Oil and Maersk Drilling as part of the transformation initiated in 2016 to focus A.P. Moller – Maersk on becoming the global integrator of container logistics.