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 and services. In addition, Maersk will also combine its three regional carrier brands, MCC Transport, Sealand and Seago Line, under a single company that will go to market as “SeaLand – … [Read more...]

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 the world’s biggest shipping operations and is working on turning itself into a pure transport company, said on Friday that the decision will take … [Read more...]

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, the latest move by the Danish shipping company to focus entirely on transport and logistics. Maersk, which cut its full-year profit outlook this month, sold Maersk Oil to … [Read more...]

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, but failed to earn a sufficient return. AP Moller-Maersk A/S is in danger of delivering another salient lesson for investors: Breaking up a conglomerate doesn’t necessarily create … [Read more...]

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 division because of weak market conditions, according to five finance sources familiar with the matter. The Danish company is now expected to focus on a … [Read more...]