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

MAERSKb.CO on Copenhagen Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Maersk And IBM Introduce Tradelens Blockchain Shipping Solution
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - International Business Machines Corp ::MAERSK AND IBM INTRODUCE TRADELENS BLOCKCHAIN SHIPPING SOLUTION.IBM SAYS IN FOLLOW UP TO JAN. ANNOUNCEMENT, CO, A.P. MOLLER -MAERSK ANNOUNCED CREATION OF TRADELENS TO APPLY BLOCKCHAIN TO THE WORLD'S GLOBAL SUPPLY CHAIN.  Full Article

A.P.Møller-Mærsk with Adjustment Of Expectations For The 2018 Result
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - AP Moeller - Maersk A/S ::REG-A.P. MØLLER - MÆRSK A/S – ADJUSTMENT OF EXPECTATIONS FOR THE 2018 RESULT.BASED ON OUTLOOK FOR FREIGHT RATES FOR REST OF YEAR AND CONTINUED HIGH BUNKER FUEL PRICES, APMM ADJUSTS ITS EXPECTATION FOR 2018 RESULT..APMM'S NEW EXPECTATION FOR EARNINGS BEFORE INTERESTS, TAX, DEPRECIATIONS AND AMORTISATIONS (EBITDA) IS IN RANGE OF USD 3.5-4.2BN AND A POSITIVE UNDERLYING PROFIT.PREVIOUS EXPECTATION FOR EBITDA WAS IN RANGE OF USD 4.0-5.0BN AND AN UNDERLYING PROFIT ABOVE 2017 (USD 356M).REMAINING PART OF GUIDANCE IS UNCHANGED.REVENUE WAS USD 9.5BN FOR APMM IN Q2 2018 AND EBITDA WAS USD 0.9BN.PROFITABILITY WAS NEGATIVELY IMPACTED BY AN AVERAGE BUNKER PRICE INCREASE OF 28% COMPARED TO SAME PERIOD LAST YEAR WHILE AVERAGE FREIGHT RATES WERE 1.2% LOWER.  Full Article

Maersk Drilling Secures Two Contract Extensions In The North Sea
Friday, 13 Jul 2018 

July 13 (Reuters) - AP Moeller - Maersk A/S ::MAERSK DRILLING SECURES TWO CONTRACT EXTENSIONS IN THE NORTH SEA.Maersk Drilling has been awarded contract extensions for the high-efficiency jack-up rigs Maersk Resolute and Maersk Resolve by Petrogas E&P Netherlands B.V. and Wintershall Noordzee B.V., respectively.  Full Article

Maersk Drilling Extends Contract With Brunei Shell Petroleum
Monday, 25 Jun 2018 

June 25 (Reuters) - AP Moeller - Maersk A/S ::MAERSK DRILLING EXTENDS CONTRACT WITH BRUNEI SHELL PETROLEUM BY 2.5 YEARS.  Full Article

Maersk Picks Assa Abloy CFO Carolina Dybeck Happe As New CFO
Wednesday, 20 Jun 2018 

June 20 (Reuters) - AP Moeller - Maersk A/S ::SAYS WITH EFFECT FROM NO LATER THAN 1 JANUARY 2019, CAROLINA DYBECK HAPPE WILL TAKE UP POSITION AS CHIEF FINANCIAL OFFICER (CFO) OF A.P. MØLLER - MÆRSK A/S.SAYS CAROLINA DYBECK HAPPE, AGE 45, COMES FROM A POSITION AS EXECUTIVE VICE PRESIDENT AND CFO OF ASSA ABLOY GROUP.  Full Article

A.P. Moller-Maersk CEO Says No Plans To Acquire New Ships For At Least 12 Months
Thursday, 17 May 2018 

May 17 (Reuters) - A.P. Moller-Maersk MAERSKB.CO::CEO SAYS PLANS TO KEEPS FLEET CAPACITY CONSTANT FOR NEXT 18 MONTHS, NO PLANS TO ACQUIRE NEW SHIPS FOR AT LEAST 12 MONTHS.  Full Article

Maersk CEO Says Sees Positive Development In Container Shipping Capacity
Thursday, 17 May 2018 

May 17 (Reuters) - AP Moeller - Maersk A/S ::A.P. MOLLER-MAERSK CEO SAYS IS GOING TO SHUT DOWN BUSINESS IN IRAN IF PLANNED U.S. SANCTIONS GO THROUGH.A.P. MOLLER-MAERSK CEO SAYS SURPRISED WITH U.S. TRADE RESTRICTIONS IN RELATION TO CHINA; MAY NEGATIVELY IMPACT OUR BUSINESS.A.P. MOLLER-MAERSK CEO SAYS RISE IN OIL PRICE AMID IRAN TENSIONS IS NOT GOOD FOR OUR CONTAINER SHIPPING BUSINESS.MAERSK CEO SAYS SEES POSITIVE DEVELOPMENT IN CONTAINER SHIPPING CAPACITY; SUPPLY BALANCE TO IMPROVE IN H2 '18 AND 2019.MAERSK CEO SAYS NO SIGNIFICANT SYNERGIES FROM HAMBURG SUD INTEGRATION IN Q1, EXPECTS SYNERGIES FROM Q2.  Full Article

A.P. Moller-Maersk Q1 profit lags forecast, says profitability "unsatisfactory"
Thursday, 17 May 2018 

May 17 (Reuters) - AP Moeller - Maersk A/S ::SAYS IN RESPONSE TO CURRENT CHALLENGING MARKET CONDITIONS WE ARE IMPLEMENTING A NUMBER OF SHORT-TERM INITIATIVES TO IMPROVE PROFITABILITY AND WE REITERATE OUR GUIDANCE FOR 2018.SAYS IN Q1 OF 2018, WE REPORTED A 30% REVENUE GROWTH AND INTEGRATION OF BUSINESS IS WELL UNDERWAY WITH A SUCCESSFUL START TO HAMBURG SÜD INTEGRATION AND CLOSING OF MAERSK OIL TRANSACTION IN MARCH WITH AN ACCOUNTING GAIN OF USD 2.6BN.Q1 REVENUE $9,253 MILLION VERSUS $8,755 MILLION SEEN IN REUTERS POLL.CEO SAYS ON SHORT-TERM PERFORMANCE, OUR RESULT ESPECIALLY IN OCEAN RELATED PART OF BUSINESS WAS UNSATISFACTORY.Q1 EBITDA $669 MILLION VERSUS $852 MILLION SEEN IN REUTERS POLL.SAYS EXPECTS2018 UNDERLYING PROFIT ABOVE 2017 AND EARNINGS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (EBITDA) IN THE RANGE OF USD 4.0-5.0BN.: 2018 ESTIMATED GLOBAL DEMAND GROWTH OF AROUND 3-4%.SAYS ORGANIC VOLUME GROWTH IN OCEAN IS STILL EXPECTED SLIGHTLY BELOW THE ESTIMATED AVERAGE MARKET GROWTH OF 2-4% FOR 2018.SAYS EARNINGS ARE AT AN UNSATISFACTORY LEVEL AND A NUMBER OF INITIATIVES ARE BEING IMPLEMENTED TO RESTORE PROFITABILITY.SAYS NOTING INCREASED UNCERTAINTIES DUE TO GEOPOLITICAL RISKS, TRADE TENSIONS AND OTHER FACTORS IMPACTING CONTAINER FREIGHT RATES, BUNKER PRICES AND RATE OF EXCHANGE..SAYS OCEAN DIVISION Q1 NEGATIVELY IMPACTED BY HIGHER UNIT COSTS AMONG OTHERS DUE TO ADVERSE DEVELOPMENTS IN BUNKER PRICE AND FOREIGN EXCHANGE RATES AS WELL AS HAMBURG SÜD PORTFOLIO MIX.  Full Article

Maersk Drilling Gets New Contracts And Contract Extensions In The North Sea
Tuesday, 1 May 2018 

May 1 (Reuters) - AP MOELLER - MAERSK A/S ::MAERSK DRILLING SECURES NEW CONTRACTS AND CONTRACT EXTENSIONS IN THE NORTH SEA.SAYS HAS BEEN AWARDED THREE CONSECUTIVE CONTRACTS FOR MAERSK RESOLUTE AND A CONTRACT EXTENSION FOR MAERSK RESOLVE, BOTH OPERATING IN DUTCH SECTOR OF NORTH SEA.THE CONTRACTS ARE WITH TAQA ENERGY B.V., PETROGAS E&P NETHERLANDS B.V, AND DANA PETROLEUM NETHERLANDS B.V. FOR VARIOUS TYPES OF OPERATIONS IN THE DUTCH SECTOR OF THE NORTH SEA.  Full Article

Lundin may further raise dividend after Sverdup field startup -CEO
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Lundin Petroleum Ab CEO Alex Schneiter said on Thursday::COMPANY WILL HAVE FURTHER ABILITY TO INCREASE DIVIDENDS AFTER JOHAN SVERDRUP FIELD STARTUP.JOHAN SVERDRUP FIELD WELL ON TARGET TO ACHIEVE FIRST OIL LATE 2019, EXPECTS FURTHER COST REDUCTION.SEES FURTHER UPSIDE FOR RESERVES AT NORWAY'S EDVARD GRIEG FIELD.  Full Article

BRIEF-Ceva Logistics Announces Blockchain-Based Technology Partnership With IBM And Maersk

* ANNOUNCES BLOCKCHAIN-BASED TECHNOLOGY PARTNERSHIP WITH IBM AND MAERSK Source text for Eikon: Further company coverage: (Gdynia Newsroom)