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Financial Times

Maersk must find way back to sales growth
Financial Times
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
OSJ Magazine
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 ...



Bloomberg

Maersk's Sinking Feeling
Bloomberg
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 choicesHellenic Shipping News Worldwide
Maersk Line hit by US$151m lossContainer Management
Maersk Profitability Tumbles In Q2www.breakbulk.com
The Loadstar -Seatrade Maritime News -Supply Chain Digital
all 15 news articles »


Bloomberg

Maersk Exploring All Options as Report Points to 2-Way Split
Bloomberg
“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'TheStreet.com
Maersk 'could split' into two -Upstreamonline.comUpstream Online
Maersk Exploring All Options as Report Points to 2-Way Split ...Transport Topics Online
The Straits Times -Splash 247
all 11 news articles »


Offshore Post

Maersk Drilling Rig Breaks Major Record - Offshore Post
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 OilWorldOil (subscription)
OilVoice | Mærsk Gallant drills to record depths on Norwegian shelfOilVoice

all 3 news articles »


Splash 247

Maersk Supply Service sells two vessels - World Oil
WorldOil (subscription)
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 247Splash 247

all 3 news articles »


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 profitCNBC
Maersk Gains as Company Meets Tough Market With Cost CutsBloomberg
Profit plunge at Maersk highlights global trade woesFinancial Times
MarketWatch -Reuters -Forbes
all 82 news articles »


Energy Voice

NHV launches H175 helicopter operations for Maersk Oil in Denmark
Energy Voice
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.



Business Insider

The world's largest shipping company has 2 dire warnings for the global economy
Business Insider
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. ProtectionismGCaptain
AP Moeller-Maersk chief warns on global tradeIrish Examiner
Maersk Gives Major Global Trade WarningPort Technology International
MarineLink
all 12 news articles »

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