Maersk reports record $24bn pre-tax earnings for 2021, forecasts same for 2022

A.P. Moller – Maersk (Maersk) has delivered record earnings for 2021, which was an exceptional year with focus on mitigating supply chain risks for customers while strengthening the integrated logistics offering. In 2021, revenue was up 55% to USD 61.8bn, EBITDA tripled to USD 24bn and free cash flow was USD 16.5bn, allowing the company […]

Inmarsat Fleet Xpress enables Geoquip Marine vessels to offer high-speed private networks to charterers and crew at sea

Inmarsat, the world leader in global, mobile satellite communications, has implemented an agreement with Geoquip Marine allowing the offshore geotechnical solutions provider to offer dedicated Fleet Xpress bandwidth as part of its vessel charter arrangements and separated connectivity for personnel onboard. Four Geoquip integrated geotechnical survey vessels have introduced Fleet Xpress Charterer Network services for […]

American Hellenic Hull changes name

American Hellenic Hull Insurance Company Ltd announces that it has changed its name to American Steamship Owners Marine Insurance Company (Europe), Ltd – or the American Club (Europe) for short. At the same time the company has expanded its license from hull & machinery risks to also include P&I and related business for EU/EEA operators […]

Marlink and SES turbocharge long-term partnership with O3b mPOWER commitment

Smart network company Marlink and connectivity provider SES have signed a multi-year, multi-million-euro deal, which will enable Marlink’s customers to access SES’s next-generation medium earth orbit constellation (MEO) — O3b mPOWER, the two long-term partners have announced. Under the agreement, Marlink will offer the high-throughput and low-latency O3b mPOWER dedicated connectivity services to its customers […]

New ABB study on industrial transformation unveils critical relationship between digitalization and sustainability

ABB has released the findings of a new global study of international business and technology leaders on industrial transformation, looking at the intersection of digitalization and sustainability. Entitled ‘Billions of better decisions: industrial transformation’s new imperative’, the study examines the current take-up of the Industrial Internet of Things (IoT) and its potential for improving energy […]