Tue 1 Jul 2008, 09:31 GMT

Maersk reacts to rising bunker costs


Ocean carrier aims to improve efficiency via cost-cutting measures.



Leading ocean carrier Maersk Line has announced changes to its Asia to Europe services following the recent surge in the price of marine fuel.

In early July the AE5, AE7, AE2, and AE8 services will undergo minor changes in order to remove capacity from the company's network whilst improving cost efficiency. The company will reduce space by 2,000 FFE (forty-foot equivalent) per week whilst keeping all corridors served in the network.

In a company statement, Maersk Line said "Fuel costs are increasing significantly and we find it necessary to take measures to ensure the sustainability of our services."

Amongst the changes Maersk Line has decided to suspend the AE5 service and the AE8 will take over the coverage of Kaohsiung, Taiwan. The last AE5 call in Kaohsiung will be the Maersk Malacca on 5 July 2008. Thereafter the AE8 will serve this port.

The company will also adjust the sailing speed of the AE7 service on the eastbound sailings as of 8 July 2008 when the Ella Maersk departs from Rotterdam.

The AE2 will have a changed rotation in North China and Korea. Maersk Line says the revised port rotation will offer customers a reduction of four days in transit times between Kwangyang, South Korea and ports in North Europe. Furthermore, cargo for the Chinese ports of Dalian, Xingang, and Qingdao will arrive and depart one day earlier than the current schedule.

Maersk Line says customers will not experience any major changes as the AE services will continue to serve the same corridors as today.


Ammonia Energy Association (AEA) logo. AEA qualifies global roster of auditors for ammonia certification system  

Bureau Veritas, DNV, TÜV SÜD and three others cleared to verify low-emission ammonia credentials.

New York city skyline. IBIA early-bird registration deadline approaches for New York convention  

Discounted rates available for members and non-members up until the end of August.

MARAD and Core Power MOC signing. MARAD and Core Power sign cooperation framework to advance nuclear-powered merchant ships  

Agreement targets first construction from 2028 as China accelerates its own nuclear shipping ambitions.

DNV and GEA logos. GEA and DNV launch three-year ethanol data intelligence partnership  

Collaboration will integrate structured global ethanol production data into DNV’s Alternative Fuels Insight platform.

VPS logo. Perfect storm at sea: High bunker prices meet declining fuel quality | Steve Bee, VPS  

VPS highlights sharp drop in fuel quality during 2026 amid higher prices.

Koper waterfront. SUPERALFUEL to hold first alternative marine fuels training course in Koper  

The Adriatic-Ionian initiative targets hydrogen, ammonia and methanol adoption in ports and shipping.

Steel-cutting ceremony of vessels with builder's hull nos. S1159 and S1160. CIMC SOE cuts steel on third and fourth 20,000-cbm LNG bunker vessels for GSX Energy  

Chinese shipbuilder advances series build as two hulls enter construction simultaneously.

Pennsylvania skyline. Sunoco seeks bunker trader in US to drive marine fuels growth  

New hire will be tasked with expanding Sunoco's bunker business in front-line commercial trading role.

Brooklyn Bridge and New York City skyline. Minerva Bunkering recruiting Americas sales manager as it targets regional growth  

New York-based manager is sought to build customer base across North and South America.

Marine battery container. AYK Energy to unveil swappable containerised marine battery system at SMM Hamburg  

The system claims to remove key cost and engineering barriers to marine electrification.