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AP Moeller - Maersk A/S (MAERSKb.CO)

MAERSKb.CO on Copenhagen Stock Exchange

7,982.00DKK
16 May 2019
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Latest Key Developments (Source: Significant Developments)

A.P. Moller-Maersk To Offer Digital Ocean Customs Clearance
Monday, 29 Apr 2019 

April 29 (Reuters) - AP MOELLER - MAERSK A/S ::SAYS MAERSK BECOMES FIRST CONTAINER SHIPPING COMPANY TO OFFER DIGITAL OCEAN CUSTOMS CLEARANCE.LAUNCHES CUSTOMS CLEARANCE ONLINE SHIPPING MANAGEMENT PLATFORM IN SEVEN EUROPEAN COUNTRIES - GERMANY, FRANCE, DENMARK, THE NETHERLANDS, POLAND, UNITED KINGDOM AND SPAIN - WITH THE GOAL OF EXPANDING THIS OFFERING ACROSS THE WORLD BY THE END OF 2019.  Full Article

A.P. Moller-Maersk Says Completion Of Demerger Adopted
Tuesday, 2 Apr 2019 

April 2 (Reuters) - A.P. Moller - Maersk A/S ::SAYS GENERAL MEETING HAS APPROVED BOARD'S PROPOSAL TO COMPLETE DEMERGER OF APMM.DEMERGER WILL BE COMPLETED BY APMM INJECTING 100 PCT OF SHARES OF MAERSK DRILLING HOLDING A/S.  Full Article

Maersk Supply Service Secures Second Walk-To-Work Contract With Total Denmark
Monday, 11 Mar 2019 

March 11 (Reuters) - AP MOELLER - MAERSK A/S ::MAERSK SUPPLY SERVICE SECURES SECOND WALK-TO-WORK CONTRACT WITH TOTAL DENMARK.NEWBUILD I-CLASS VESSELS, MAERSK INVOLVER, WILL GO ON CONTRACT FOR 161 DAYS TO SUPPORT MAINTENANCE OF THE DAN F PLATFORM LOCATED OFFSHORE ESBJERG FOR WALK-TO-WORK AND ACCOMMODATION SERVICES..  Full Article

Maersk Buys U.S. Customs House Broker Vandegrift Inc
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - AP MOELLER - MAERSK A/S ::DELIVERS FIRST ACQUISITION OF THE YEAR IN FAST-GROWING LOGISTICS SECTOR.ACQUIRES VANDEGRIFT INC, A U.S. CUSTOMS BROKERAGE WITH 170 PEOPLE SPREAD ACROSS 12 OFFICES .PRICE AND TERMS WERE NOT DISCLOSED.THE TRANSACTION CLOSED 31 JANUARY 2019.  Full Article

Maersk CEO: US imports from China up 5-10 pct in Q3 on-year
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - MAERSK MAERSKB.CO::CEO SAYS "GOOD CHANCE" THAT GROWTH IN CONTAINER SHIPPING VOLUMES WILL EXCEED NEW CAPACITY IN 2019.CEO SAYS U.S. IMPORTS FROM CHINA INCREASING AS COMPANIES SEEK TO BUILD UP INVENTORIES BEFORE NEW TARIFFS TAKE EFFECT.CEO SAYS WILL NEED TO REMOVE CONTAINER SHIPPING CAPACITY ON ASIA-NORTH AMERICA ROUTE NEXT YEAR; EXPECTS VOLUMES TO FALL DUE TO TRADE WAR.CEO SAYS OWN TRADE DATA SHOWS U.S. IMPORTS FROM CHINA GREW 5-10 PERCENT IN Q3 ON-YEAR.  Full Article

A.P. Moller-Maersk Q3 EBITDA Above Forecast, Narrows 2018 Outlook
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - AP Moeller - Maersk A/S ::REG-INTERIM REPORT Q3 2018.CEO SAYS OUR BUSINESS PERFORMANCE IN OCEAN IS STILL CHALLENGED BY INCREASED BUNKER PRICES NOT BEING FULLY COMPENSATED THROUGH HIGHER FREIGHT RATES.CEO SAYS WE CONTINUE TO SEE IMPROVED RESULTS IN Q3 AFTER A VERY WEAK START TO 2018.Q3 REVENUE $10,077 MILLION VERSUS $9,976 MILLION SEEN IN REUTERS POLL.CEO SAYS I AM PLEASED TO SEE REVENUE GROWTH IN Q3 ACROSS BUSINESS, INCLUDING SUPPLY CHAIN SERVICES.CEO SAYS OUR PROFITABILITY AND CASH FLOW IS IMPROVING, POSITIVELY IMPACTED BY EMERGENCY BUNKER SURCHARGE ANNOUNCED DUE TO SIGNIFICANT INCREASE IN BUNKER PRICE, SYNERGIES FROM HAMBURG SÜD AND STRONG COLLABORATION BETWEEN OCEAN AND OUR TERMINAL ACTIVITIES.Q3 EBITDA $1,138 MILLION VERSUS $1,092 MILLION SEEN IN REUTERS POLL.EXPECTS EARNINGS BEFORE INTERESTS, TAX, DEPRECIATION AND AMORTISATIONS (EBITDA) IN THE RANGE OF USD 3.6-4.0BN (PREVIOUSLY USD 3.5- 4.2BN) AND A POSITIVE UNDERLYING PROFI T.SAYS VOLUME GROWTH IN OCEAN OF 5.0%, EXCLUDING HAMBURG SÜD, WAS ABOVE ESTIMATED MARKET GROWTH OF AROUND 2.7%, HOWEVER, Q3 2017 WAS NEGATIVELY IMPACTED BY THE CYBER-ATTACK.SAYS VOLUME GROWTH WAS LOWER THAN EXPECTED.SAYS SOLUTIONS FOR MAERSK SUPPLY SERVICE ARE STILL BEING PURSUED.SAYS VOLUME DECREASED BY 1.9% COMPARED TO Q2 2018.SAYS Q3 AVERAGE FREIGHT RATE IN OCEAN WAS 5.5% HIGHER THAN SAME PERIOD LAST YEAR AND UP 4.8% COMPARED TO Q2 2018.  Full Article

Maersk Tankers: Ibrahim Gokcen Joins Board Of Directors
Monday, 15 Oct 2018 

Oct 15 (Reuters) - MAERSK TANKERS, WHICH SHIPPING GIANT MAERSK SOLD LAST YEAR TO ITS CONTROLLING SHAREHOLDER AND JAPAN'S MITSUI & CO <8031.T>, SAID IN A STATEMENT::MAERSK TANKERS SAYS IBRAHIM GOKCEN, CHIEF TECHNOLOGY OFFICER AT SCHNEIDER ELECTRIC, IS JOINING MAERSK TANKERS' BOARD OF DIRECTORS IN NOVEMBER 2018. GOKCEN HAS PREVIOUSLY BEEN CHIEF DIGITAL OFFICER AT A.P. MOLLER – MAERSK.  Full Article

Equinor extends contract for Maersk Intrepid rig, $40 mln over 5 months
Friday, 12 Oct 2018 

Oct 12 (Reuters) - Equinor Asa ::EXTENDING CONTRACT WITH MAERSK INTREPID.MAERSK DRILLING AS AND MAERSK INTREPID RIG HAVE BEEN AWARDED A 5-MONTH CONTRACT FOR OPERATIONAL SUPPORT ON MARTIN LINGE FIELD.TWO EXTENSION OPTIONS WILL ALSO BE EXERCISED, AND FOUR NEW OPTIONS WILL BE ADDED.MAERSK INTREPID INITIALLY HAD A CONTRACT FOR OPERATIONAL SUPPORT FOR MARTIN LINGE LICENCE UNTIL APRIL 2019.EQUINOR HAS NOW CHOSEN TO EXERCISE TWO ONE-MONTH OPTIONS, AND THEN START A NEW CONTRACT FROM 1 JUNE TO 31 OCTOBER 2019.IN ADDITION MAERSK INTREPID WILL GET FOUR NEW TWO-MONTH EXTENSION OPTIONS. VALUE OF FIXED PART OF NEW CONTRACT IS ASSESSED AT USD 40 MILLION.JACK-UP RIG WILL MAINLY BE USED TO ADD BED CAPACITY ON FIELD, BUT MAY ALSO BE USED FOR DRILLING-RELATED TASKS.THIS IS CAPACITY WE NEED AT MARTIN LINGE FOR COMMISSIONING TASKS AND EFFICIENT WORK TOWARDS PRODUCTION START-UP.  Full Article

Maersk Drilling Awarded New Contract For Jack-Up Maersk Intrepid
Friday, 12 Oct 2018 

Oct 12 (Reuters) - MAERSK DRILLING HOLDING A/S::MAERSK DRILLING AWARDED NEW CONTRACT FOR JACK-UP MAERSK INTREPID.EQUINOR HAS EXERCISED TWO OPTIONS EXTENDING THE CURRENT CONTRACT FOR THE JACK-UP RIG MAERSK INTREPID BY TWO MONTHS UNTIL JUNE 2019.MAERSK DRILLING AND EQUINOR HAVE SIGNED A NEW FIVE-MONTH CONTRACT FOR MAERSK INTREPID, WHICH WILL COMMENCE IN DIRECT CONTINUATION OF THE CURRENT EXTENDED CONTRACT.THE NEW CONTRACT ADDS AN ADDITIONAL FOUR OPTIONS OF TWO MONTHS EACH.MAERSK INTREPID WILL BE UTILISED FOR BOTH DRILLING AND ACCOMMODATION ACTIVITIES AT THE MARTIN LINGE FIELD, WITH POSSIBLE RE-DEPLOYMENT TO OTHER EQUINOR-OPERATED FIELDS AT A LATER STAGE.  Full Article

Maersk to merge Damco and Ocean Product to one unit
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - AP Moeller - Maersk A/S ::WILL COMBINE ITS OFFERING FOR OCEAN PRODUCTS AND SUPPLY CHAIN SERVICES.ON JAN 1 DAMCO'S SUPPLY CHAIN SERVICES AND MAERSK LINE'S OCEAN PRODUCT WILL BE INTEGRATED AND THEIR RESPECTIVE VALUE-ADDED SERVICES WILL BE COMBINED AND SOLD AS MAERSK PRODUCTS AND SERVICES.THE INTEGRATED COMMERCIAL ORGANISATION WILL BE HEADED BY VINCENT CLERC, CHIEF COMMERCIAL OFFICER OF MAERSK..  Full Article

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Danske Bank picks ex-ABN banker as CEO to rebuild trust

COPENHAGEN Danske Bank hired former ABN AMRO banker Chris Vogelzang as its new chief executive on Friday as it wrestles to limit the fallout from its involvement in one of the biggest money laundering scandals.