Trump China Tariffs Set to Unleash Supply Shock on U.S. Economy
President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home.
COPENHAGEN (Dow Jones)–Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO) said Wednesday its oil exploration services unit Maersk Drilling has secured a contract worth $34 million for the use of its Maersk Deliverer semi-submersible drilling rig.
Maersk Deliverer is to carry out work offshore Namibia for Enigma Oil & Gas Ltd., a subsidiary of Chariot Oil and Gas Ltd. (CHAR.LN). The contract has a duration of 60 days and is expected to commence at the end of March.
Maersk Deliverer is one of three ultra deepwater development semi-submersibles in Maersk Drilling’s fleet. Since it was delivered in 2010, it has been constantly deployed offshore West Africa.
-By Flemming Emil Hansen, Dow Jones Newswires
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