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Wall Street Journal (subscription)

Maersk to Sell Tankers Business for $1.17 Billion
Wall Street Journal (subscription)
A.P. Moeller-Maersk A/S on Wednesday said it would sell its tankers unit to its controlling shareholder for $1.17 billion, the latest move by the Danish shipping and energy conglomerate to break up its sprawling operations and focus on container shipping.



Financial Times

AP Moller-Maersk sells oil tanker business
Financial Times
AP Moller-Maersk has continued its break-up, selling its oil tanker business for $1.2bn to the family investor that is the Danish conglomerate's controlling shareholder. AP Moller Holding, which owns more than half the voting shares in Maersk, will pay ...
Maersk to sell tankers unit for $1.17 billionMarketWatch
Maersk Sells Tanker Division to its Largest ShareholderThe Maritime Executive
Maersk sells tanker businessContainer Management
TradeWinds (subscription) -Reuters -American Shipper (subscription)
all 23 news articles »


Splash 247

Maersk launches financial transactions platform
Splash 247
Maersk's rapid digital transformation continues apace with news Denmark's companies register recorded on Tuesday a notable new corporate formation. GateTu is a joint venture between A.P.Moller-Maersk and Danske Bank. Its aim, according to the ...



Maersk, COSCO divert cargo due to congestion at Prince Rupert
American Shipper (subscription)
Port congestion at Prince Rupert has led to the diversion of cargo to the neighboring port of Vancouver. Danish container giant Maersk Line and China's COSCO ...

and more »


Economic Times

Maersk Line India aims to expand supply chain solutions
Economic Times
MUMBAI: The India unit of Maersk Line, the world's largest container shipping company, is expanding its cargo-shipping role in the country to establish itself as a provider of end-to-end supply chain solutions that would include doorstep delivery.



CNBC

Maersk's former head praises restructuring efforts
CNBC
Shipping giant A.P. Moller-Maersk is taking the right steps to improve shareholder value, said the company's former group chief executive. The conglomerate is currently in the midst of separating its transport and logistics businesses from its energy ...

and more »


The Loadstar

Latin American trades restructure ahead of Hamburg Süd takeover by Maersk
The Loadstar
MSC and Hapag-Lloyd are launching a new Mediterranean-east coast South America service next month, as part of the enforced restructuring of services resulting from Maersk's acquisition of Hamburg Süd. The joint weekly service will call at Valencia, ...



Maersk eyes inland service in India
American Shipper (subscription)
The move to be seen as a more end-to-end service provider is in line with parent company A.P. Moller-Maersk's focus on becoming an integrated global transportation services company. Maersk Group Chief Executive Officer Soren Skou laid out a plan last ...

and more »


The Straits Times

Room for shipping industry 'to consolidate further': Maersk executive ...
The Straits Times
There is still room for more buyouts in the shipping industry despite recent mergers, according to a senior industry executive.. Read more at straitstimes.com.

and more »


Sale of Maersk Tankers A/S
GlobeNewswire (press release)
Today, A.P. Møller - Mærsk A/S (APMM) has entered into an agreement to sell the shares in Maersk Tankers A/S (Maersk Tankers) to APMH Invest A/S (APMHI) for USD 1,171 mill. on a debt and cash-free basis (Enterprise Value). APMHI is a 100% owned ...


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