Tuesday, October 13, 2020
Eleonora Maersk Los Angeles Record
Maritime News

Maersk to Lay Off 2,000 in Business Shake-Up, Lifts Outlook on Improving Demand

COPENHAGEN, Oct 13 (Reuters) – The world’s biggest container shipping line, Maersk, said on Tuesday demand was recovering faster than expected and lifted its earnings outlook, while also announcing plans...

October 13, 2020
Total Views: 85

Thursday, April 4, 2019
maersk drilling rig
Offshore

Maersk Completes Oil and Gas Spin Off as Drilling Unit Lists in Copenhagen

COPENHAGEN, April 4 (Reuters) – A.P. Moller-Maersk spun off its oil and gas drilling unit and listed it separately on the Copenhagen stock exchange on Thursday, where it was traded...

April 4, 2019
Total Views: 22

Wednesday, April 3, 2019
Maritime News

Maersk’s Vice CEO Stepping Down After Energy Exit

A.P. Moller – Maersk’s Vice CEO and the CEO of its Energy division, Claus V. Hemmingsen, will be stepping down from the roles following the separation of Maersk Tankers, Maersk...

April 3, 2019
Total Views: 15

Friday, March 29, 2019
maersk supply service vessel
Maritime News

Maersk Ditches Offshore Services Sale in Blow to Simplification

COPENHAGEN, March 29 (Reuters) – A.P. Moller-Maersk said on Friday it had abandoned plans to sell its offshore services business, blaming tough market conditions for the blow to the Danish...

March 29, 2019
Total Views: 9

Wednesday, September 19, 2018
maersk sealand
Maritime News

Maersk Announces Latest Step in Business Integration Strategy

Danish shipping giant Maersk has announced plans to integrate its Damco Supply Chain Services unit and Maersk Line’s Ocean Product service, which will be combined and sold as Maersk products...

September 19, 2018
Total Views: 81

Friday, August 17, 2018
Offshore

Maersk’s Offloading of Drilling Unit is Latest Move to Exit Energy

By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S has decided to list its drilling unit separately, marking its latest step toward a complete exit from the energy industry. Copenhagen-based Maersk, which owns...

August 17, 2018
Total Views: 1

maersk drilling rig
Maritime News

Maersk to Spin Off Drilling Unit, Hand Total Shares to Investors

By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN, Aug 17 (Reuters) – A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year,...

August 17, 2018
Total Views: 4

Thursday, May 17, 2018
maersk ship
Maritime News

Shipping Giant’s Containment Plan Is Leaking Badly -Opinion

By Chris Bryant (Bloomberg Opinion) — Conglomerates fell out of fashion because so many of them destroyed shareholder value: Companies boosted their top lines by deploying great wads of capital,...

May 17, 2018
Total Views: 3

Wednesday, May 9, 2018
maersk drilling rig
Maritime News

Maersk Likely to Shelve Plans to List Drilling Division – Sources

By Clara Denina , Jonathan Saul, Dasha Afanasieva and Jacob Gronholt-Pedersen LONDON/COPENHAGEN, May 9 (Reuters) – Shipping group A.P. Moller-Maersk is likely to shelve plans to list its struggling offshore drilling...

May 9, 2018
Total Views: 5

Tuesday, March 20, 2018
maersk containership
Maritime News

Maersk CFO Quits Following Organizational Changes

COPENHAGEN, March 20 (Reuters) – Danish shipping group A.P. Moller-Maersk said on Tuesday its chief financial officer has decided to leave the company after only 16 months in the role....

March 20, 2018
Total Views: 5

Thursday, February 22, 2018
madrid maersk
News

Hoping to Protect Investment-Grade Rating, Maersk Ready to Move Step Closer to Junk `for Right Reason’

By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S this week renewed a pledge to creditors to protect its investment-grade rating. But the man in charge of the shipping giant’s finances...

February 22, 2018
Total Views: 2

Monday, September 25, 2017
Maritime News

Rowan Said to Be In Talks to Buy Maersk Drilling

By Manuel Baigorri, Dinesh Nair and Matthew Monks (Bloomberg) — Oilfield-services company Rowan Cos. is in talks to acquire the drilling business of A.P. Moller-Maersk A/S, which is selling energy assets to...

September 25, 2017
Total Views: 0

Wednesday, September 20, 2017
maersk tankers
Interesting

A.P. Moller – Maersk Sells Tanker Unit to Maersk Family Fund for $1.17 Billion

Danish conglomerate A.P. Moller – Maersk (Maersk Group) has signed a deal to sell its Maersk Tankers unit to a subsidiary of A.P. Moller Holding for $1.17 billion in cash....

September 20, 2017
Total Views: 19

Monday, November 28, 2016
Maersk oil total
Maritime News

Maersk and Dong Energy Discussing $10 Billion Oil Merger -Sources

By Sophie Sassard and Ron Bousso LONDON, Nov 28 (Reuters) – Denmark’s A.P. Moller-Maersk and DONG Energy are in talks to merge their oil and gas operations in a deal...

November 28, 2016
Total Views: 1

Friday, September 23, 2016
Maritime News

Fitch: Maersk Gets Little Solace from Split

LONDON, September 23 (Fitch) The decision by A.P. Moeller-Maersk A/S to split into two separate divisions – Transport & Logistics and Energy – reflects the challenging fundamentals in the sectors...

September 23, 2016
Total Views: 0

Thursday, September 22, 2016
Maritime News

Maersk Ends Mega-Ship Building Era With Focus on Takeovers

By Christian Wienberg (Bloomberg) — The owner of the world’s largest container shipping line will stop ordering newly built vessels and instead pursue takeovers in an industry that has been...

September 22, 2016
Total Views: 160

maersk valiant
News

Maersk Falls Out of Love With Oil, But It’s a Gentle Breakup

By Chris Hughes (Bloomberg Gadfly) — AP Moeller-Maersk is the latest company to do the splits. But the Danish conglomerate isn’t going for a dramatic breakup all in one go,...

September 22, 2016
Total Views: 24

Maritime News

Here is Maersk Group’s Full Statement on Its Split

Editor’s Note: Danish business conglomerate A.P. Moeller-Maersk A/S, owner of the world’s biggest container shipping company and other marine, energy, and logistics related companies, announced the details of its breakup...

September 22, 2016
Total Views: 114

Maritime News

Maersk Chairman: In World With Too Many Ships, Company Ready for Takeovers

By Jacob Gronholt-Pedersen COPENHAGEN, Sept 22 (Reuters) – Denmark’s A.P. Moller-Maersk , the world’s largest container shipping group, is ready to use its financial muscle to swallow up struggling competitors...

September 22, 2016
Total Views: 2

Friday, August 19, 2016
Eugen Maersk ship
Maritime News

Is Shipping and Energy Giant Maersk Considering a 2-Way Split?

By Christian Wienberg (Bloomberg) — A.P. Moeller-Maersk A/S said it’s still considering several options in its strategic review after a local newspaper reported that the Danish conglomerate was exploring a...

August 19, 2016
Total Views: 19