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Maersk must find way back to sales growth
That is the question facing AP Møller-Maersk this summer. The Danish shipping-to-oil conglomerate has been hit by what it calls a “perfect storm” and so is now contemplating a historic break-up into two parts.
Maersk Supply begins vessel sell off
Maersk Puncher and Maersk Provider were delivered to their new owners, Karadeniz Energy Group based in Istanbul, on 23 August. Both vessels will be modified by their new owners and will no longer compete in the offshore supply vessel segment.
Moody's: Shipping crisis strains Maersk's credit worthiness
ShippingWatch UK (subscription)
Poor second quarter results and the downturn in the container shipping sector strain Maersk's - and Hapag-Lloyd's - credit worthiness, Moody's tells ShippingWatch. So far, however, their ratings remain in place, but Moody's is keeping a close eye on ...
Maersk's Sinking Feeling
In fairness, AP Moeller Maersk, the Danish conglomerate that also reported a 16 percent decline in revenue on Friday, is doing better than many rivals in oil, shipping and logistics. At least it made a profit. Even so, a 2 percent annualized return on ...
Maersk faces tough divestment choices
Maersk Line hit by US$151m loss
Maersk Profitability Tumbles In Q2
Maersk Exploring All Options as Report Points to 2-Way Split
“As our chairman previously has said, we want to evaluate all options,” Louise Muenter, head of media and stakeholder relations at Maersk in Copenhagen, said in an e-mailed response to questions on Friday. “The structure of the group is one of many ...
Analyst Expects Maersk Split to Be 'Drastic'
Maersk 'could split' into two -Upstreamonline.com
Maersk Exploring All Options as Report Points to 2-Way Split ...
Maersk Drilling Rig Breaks Major Record - Offshore Post
Maersk Drilling rig Maersk Gallant just beat the record for the deepest well ever drilled on the Norwegian continental shelf (NCS).
Mærsk Gallant drills to record depths on Norwegian shelf - World Oil
OilVoice | Mærsk Gallant drills to record depths on Norwegian shelf
Maersk Supply Service sells two vessels - World Oil
LYNGBY, Denmark -- Maersk Supply Service has sold two vessels, Maersk Puncher and Maersk Provider, as part of the company's recently announced ...
Maersk Supply sells two anchor handlers to Karadeniz - Splash 247
Wall Street Journal
Maersk Profit Drops on Weak Freight Rates
Wall Street Journal
Maersk, which also has interests in ports, oil and a number of supply services, said Friday that its second-quarter profit fell to $101 million from $1.07 billion a year earlier, while its revenue dropped 16% to $8.86 billion. Analysts were expecting a ...
Global shipping giant reports 90 percent fall in net profit
Maersk Gains as Company Meets Tough Market With Cost Cuts
Profit plunge at Maersk highlights global trade woes
NHV launches H175 helicopter operations for Maersk Oil in Denmark
The contract includes provision of passenger and freight transport services to oil installations in the North Sea from Esbjerg. The company will provide a dedicated crew, technicians and two Airbus H175 and H155 helicopters for the Maersk operations.
The world's largest shipping company has 2 dire warnings for the global economy
Maersk CFO Trond Westlie said that any policy tweaks could damage global trade, according to Bloomberg. Republican presidential nominee Donald Trump has proposed negotiating America's trading relationship with China to keep jobs and factories from ...
Maersk Warns Against U.S. Protectionism
AP Moeller-Maersk chief warns on global trade
Maersk Gives Major Global Trade Warning