Tuesday, November 17, 2009

Maersk Denver

As Maersk Denver pulls into Halifax on November 16, there was more bad news from the container line owned by A.P.Moller-Maersk. The Danish shipping company, the largest container shipping company in the world, is suffering from the economic downturn, and low freight rates.

A 31.7% drop in container shipping revenue will result in the loss of $1 billion (US) for the year 2009.

The company operates 500 ships.

Maersk has been an on and off caller in Halifax for many years. It is calling now primarily for refrigerated fish cargo, on a seasonal basis.
The tug Point Valiant, operated by Svitzer Canada (a Maersk subsidiary) assists the Maersk Denver in turing off the Halterm container pier.

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