Maersk
Coverage of Maersk in the Nexus archive.
- They left McKinsey to help businesses fight patent violations. See the pitch deck they used to raise $10 million.
Stilta, a startup using AI-powered software to help businesses combat patent violations, raised $10.5 million in seed funding. Founded by four former McKinsey colleagues, the company's investors include Andreessen Horowitz, Y Combinator, and employees from AI companies like OpenAI.
- British military says a cargo ship was hit while on UN-approved route through the Strait of Hormuz
A cargo ship traveling on a UN-approved route through the Strait of Hormuz was hit by a projectile, according to the British military. Iran has threatened vessels using the route, while the U.S. and Iran continue negotiations on an interim peace deal. Increased traffic through the strait remains below prewar levels, with some ships successfully exiting the channel.
- Oil tankers navigate the Strait of Hormuz despite threats from Iran's Revolutionary Guard
Oil tankers navigated the Strait of Hormuz via a new route near Oman's shore promoted by a U.N. agency amid threats from Iran's Revolutionary Guard. The movement occurs alongside ongoing U.S.-Iran negotiations over an interim war-ending deal and rising tensions in Lebanon between Israel and Hezbollah.
- Oil tankers navigate the Strait of Hormuz despite threats from Iran's Revolutionary Guard
Oil tankers navigated the Strait of Hormuz via a new route near Oman's shore, promoted by a U.N. maritime agency, amid threats from Iran's Revolutionary Guard. A U.S.-Iran interim deal aims to resolve regional tensions, including shipping disruptions and Iran's uranium stockpile, while conflicts in Lebanon and mine threats persist.
- Why the US-Iran deal may fail to revive shipping through the Strait of Hormuz
US President Donald Trump's peace deal with Iran aims to reopen the Strait of Hormuz, but shipping companies like Maersk may avoid resuming normal operations due to security concerns and uncertainty about the agreement's durability and sanctions relief.
- Maersk makes no changes to Middle East operations yet despite US-Iran pact
Maersk has not altered its Middle East operations despite the US-Iran agreement, stating it is too early to assess the pact's impact. A report by rights groups claims the company continues transporting weapons components to Israel’s Elbit Systems.
- Maersk is still shipping weapons parts to Israel despite denial, new report says
A report by the Palestinian Youth Movement and Oxfam Denmark alleges that Maersk continues shipping weapons components, including rifle parts and bomb casings, to Israel via Elbit Systems and IMI Systems, despite the company's denial. The shipment records, spanning 2023-2025, include materials from U.S. and Indian companies used in MK-84 bombs and 5.56 mm/7.62 mm rifle cartridges.
- Reopening strait of Hormuz would have limited impact on cargo flows, says Maersk
The reopening of the Strait of Hormuz would have a limited impact on cargo flows, according to Maersk's CEO. The company's fuel bill has nearly doubled due to the conflict, adding $500m in costs per month. These increased costs are being passed on to customers through higher freight rates.
- How the U.S. military and Maersk got a ship to pass through the Strait of Hormuz
Maersk CEO Vincent Clerc took a cautious approach during the Middle East crisis to navigate a ship through the Strait of Hormuz with the help of the U.S. military. The shipping giant prioritized safety in the region. The successful passage was a result of careful planning.
- Shipping giant boss warns Iran war will have bigger impact in coming months as customers face price hikes
Maersk's boss warns that the Iran war will have a significant impact on shipping in the coming months, resulting in price hikes for customers. The company reported its first-quarter earnings on Thursday. The war has introduced an additional layer of uncertainty for Maersk.
- Maersk CEO Expects to Pass Higher Oil Shock Costs to Customers
Maersk CEO expects to pass higher oil shock costs to customers, which may impact the shipping industry. The company is taking measures to handle the increased costs. Maersk is a major player in the global shipping market.
- Maersk says ship passed through Strait of Hormuz under U.S. military protection
Maersk ship passed through Strait of Hormuz under US military protection as part of President Donald Trump's Project Freedom initiative. The US Navy is involved in the operation. This development comes amid ongoing geopolitical tensions.
- Maersk says one of its ships passed through strait under US military protection
Maersk's ship Alliance Fairfax exited the Persian Gulf under US military protection after being stranded since February 28. The ship operated by Farrell Lines subsidiary was able to transit the Strait of Hormuz. Maersk is a Danish shipping company.
- First Thing: Tensions rise over Hormuz as Trump threatens to blow Iran ‘off the face of the earth’
Tensions are rising in the Gulf region as Donald Trump threatens Iran and launches 'Project Freedom' to open a route through the Strait of Hormuz, while congressional battles heat up with red states revising maps and Democrats adding candidates to their slate. The situation remains uncertain with over 800 ships stranded and shipping industry experts skeptical about safe travel. The electoral battle for Congress is intensifying with key elections approaching.
- US strikes Iranian fast boats as Iran attacks UAE oil facility
The US has struck Iranian fast boats as Iran attacked a UAE oil facility, and a US-flagged commercial vessel exited the Strait of Hormuz under US military protection. The incident involves multiple countries and entities. Maersk's vessel was successfully protected.
- Maersk Vessel Exits Persian Gulf Under US Military Escort
A Maersk vessel has exited the Persian Gulf under US military escort. The escort was provided by US forces patrolling the Arabian Sea. This action took place near a cargo ship in the Strait of Hormuz on April 20.