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Tag Archives: Maersk

Maersk, QICT causing panic, unrest among South Punjab importers: Khawaja Muhammad Usman

MULTAN: Business community of South Punjab has slammed exorbitant charges imposed by shipping lines Maersk in terms of demurrage on importers and asked the government to take special measures for protection of importers and the economy. Illegal demurrage charges charged by M/s Maersk shipping line and Qasim International Container Terminal (QICT) are causing severe unrest in the business community of South Punjab. ... Read More »

QICT, Maersk shipping line cause loss of billions to national economy: Faiz Mohammed

PESHAWAR: Corruption by QICT and shipping lines Maersk haunted national economy and caused loss of billions to the national exchequer. The National Accountability Bureau (NAB) and the Federal Investigation Agency (FIA) received a complaint seeking probe to ascertain role of 65 employees of QICT / DP World and Maersk in country’s biggest shipping scandal involving 610 billion rupees. The FIA and the ... Read More »

QICT poses threat to nation with discreet Habibullah control

KARACHI: The National Accountability Bureau (NAB) and Federal Investigation Agency (FIA) received a complaint seeking probe to ascertain link of Habibullah Khan with Qasim International Container Terminal (QICT) / DP World in parking billions of rupees black money. Habibullah Khan, the alleged mastermind of Panama-like offshore companies having questionable financial backing controlling one of the strategic assets of Pakistan in ... Read More »

FIA asked to probe QICT /DP World, Maersk involvement in Rs610b mega scam

KARACHI: The Federal Investigation Agency (FIA) has received a complaint seeking probe to ascertain role of 65 employees of QICT / DP World and Maersk in country’s biggest shipping scandal involving 610 billion rupees. The complaint received by the FIA demanded legal action for recoveries of amounts looted and recovering losses of Rs. 610 billion to the national exchequer per ... Read More »

Maersk ship arrested, executives of QICT/DP World may also get arrested soon

KARACHI: Shipping Watch reports that Maersk ship is recently arrested in Tunisia by displeased Honam customers who were demanding their lost money due to negligence of the shipping line. Experts say that their displeased customers across the globe may take a cue from this incidence due to criminal activities of Maersk and QICT/DP World. Maersk Line recently changed its ownership ... Read More »

Maersk lines, QICT to be booked in criminal cases, face closure

KARACHI: Importers said that Maersk shipping line, its subsidiary in Pakistan, M/S Maersk Pakistan (Pvt) Ltd and Qasim International Container Terminal (QICT) are robbing them of billions of rupees through criminal breach of trust, cheating and threatening. Importers have decided to book the shipping line and QICT in criminal cases due to which Maersk and QICT could face complete closure ... Read More »

FIR application against Maersk and QICT for taking illegal charges & holding goods

KARACHI: Shipping line Maersk, its subsidiary in Pakistan, M/S Maersk Pakistan (Pvt) Ltd and Qasim International Container Terminal (QICT) are blackmailing genuine importers through illegal holding & blocking of their imported goods for the sake of demanding additional demurrage and detention charges in violation of relevant customs laws. Importers have filed application to lodge FIR against this shipping line, its ... Read More »

Danish Maersk drilling announces deal with Conocophillip to extends jackup

COPENHAGEN: Maersk Drilling has announced that ConocoPhillips Norway has signed a contract extension for the jackup rig Maersk Innovator (built 2002) for work on the Eldfisk field, offshore Norway. The new contract, valued at around $142m, is for a period of 16 months and begins when the current contract expires in February 2017. “We are very pleased to see the ... Read More »

Danish Maersk gets 5 years extension for drilling semi-sub in Caspian

COPENHAGEN: BP Exploration (Shah Deniz) has awarded a $523m, five-year extension to Maersk Drilling’s Heydar Aliyev semi-submersible rig. The rig’s current contract off the coast of Azerbaijan in the Caspian Sea was due to expire in May 2016, and the extension will directly continue that deployment. “We are very pleased with the extension for the Heydar Aliyev rig and look ... Read More »

Danish Maersk to lay off 180 employees in Norway

COPENHAGEN: Maersk Drilling Norway will lay off between 180 and 190 employees from three drilling rigs, the company’s employee union, MAF, has announced. According to MAF, the employees will be laid off because the company’s contracts for two of the drilling rigs, Mærsk Giant and Mærsk Guardian, will end in September and October. Additionally, a new client for the drilling ... Read More »

Danish Maersk to lay off 180 employees in Norway

COPENHAGEN: Maersk Drilling Norway will lay off between 180 and 190 employees from three drilling rigs, the company’s employee union, MAF, has announced. According to MAF, the employees will be laid off because the company’s contracts for two of the drilling rigs, Mærsk Giant and Mærsk Guardian, will end in September and October. Additionally, a new client for the drilling ... Read More »

Maersk pays staff’s salaries early, no funding issue in Greece operations

COPENHAGEN: Oil and shipping conglomerate A.P. Moller-Maersk said it was experiencing no problems funding operations in Greece or getting paid by Greek customers despite the imposition of capital controls by Athens. Maersk Line, the world’s largest container shipping company, has offices in Greece and vessels passing though its ports. Maersk’s terminal operator unit, APM Terminals, was invited to bid for ... Read More »

Maersk takes a tumble as rates increases by 167% per TEU

COPENHAGEN: Rates this week jumped a whopping 167% or $343 to $548 per TEU as carriers were finally able to implement a GRI on the battered Asia-North Europe trade. Despite the increase, rates are still estimated to be below break-even levels and are 50% lower than the corresponding period last year. Year-to-date the figures reflect the weakness in the trade ... Read More »

Maersk takes a tumble as rates increases by 167% per TEU

COPENHAGEN: Rates this week jumped a whopping 167% or $343 to $548 per TEU as carriers were finally able to implement a GRI on the battered Asia-North Europe trade. Despite the increase, rates are still estimated to be below break-even levels and are 50% lower than the corresponding period last year. Year-to-date the figures reflect the weakness in the trade ... Read More »

Danish Maersk to lay off 180 employees in Norway

COPENHAGEN: Mærsk Drilling Norway will lay off between 180 and 190 employees from three drilling rigs, the company’s employee union, MAF, has announced. According to MAF, the employees will be laid off because the company’s contracts for two of the drilling rigs, Mærsk Giant and Mærsk Guardian, will end in September and October. Additionally, a new client for the drilling ... Read More »

Danish Maersk to lay off 180 employees in Norway

COPENHAGEN: Mærsk Drilling Norway will lay off between 180 and 190 employees from three drilling rigs, the company’s employee union, MAF, has announced. According to MAF, the employees will be laid off because the company’s contracts for two of the drilling rigs, Mærsk Giant and Mærsk Guardian, will end in September and October. Additionally, a new client for the drilling ... Read More »

Danish Maersk to miss out Chennai Port again

COPENHAGEN: The persistent congestion and frequent strikes have dented the image of Chennai Port Trust (ChPT). Besides, it has also resulted in diversion of cargo. As a contingency measure, Maersk Line, one of the biggest shipping companies, has once again decided to skip ChPT. Instead it will call L&T Kattupalli Port, which is 30 km away from Chennai, on Saturday. ... Read More »

Maersk may continue to call at Port of Houston authority

COPENHAGEN: The world’s biggest shipping company, Maersk Line, and its affiliated shipping services, SeaLand and Safmarine, will continue to call at the Port of Houston Authority, which the carrier says is a key partner in helping provide the best service possible to its customers. According to Maersk, its current services that call the Port of Houston Authority’s terminals will remain ... Read More »

Maersk may continue to call at Port of Houston authority

COPENHAGEN: The world’s biggest shipping company, Maersk Line, and its affiliated shipping services, SeaLand and Safmarine, will continue to call at the Port of Houston Authority, which the carrier says is a key partner in helping provide the best service possible to its customers. According to Maersk, its current services that call the Port of Houston Authority’s terminals will remain ... Read More »

Danish Maersk Drilling to cut down its 200 employees

COPENHAGEN: A.P. Moller–Maersk Group offshore drilling arm, Maersk Drilling, is in the process of making 180-190 employees redundant. In a statement on the employees association website, Maersk Ansarres Forning, the association said that discussions regarding the cuts have taken place and that affected employees would be contacted shortly. The redundancies come as a contract for jackup Maersk Giant comes to an ... Read More »