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

MAERSKb.CO on Copenhagen Stock Exchange

9,620.00DKK
23 May 2018
Change (% chg)

kr.124.00 (+1.31%)
Prev Close
kr.9,496.00
Open
kr.9,400.00
Day's High
kr.9,638.00
Day's Low
kr.9,332.00
Volume
57,881
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35,192
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kr.14,260.00
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kr.8,902.00

Latest Key Developments (Source: Significant Developments)

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

Maersk And IBM To Form Joint Venture Applying Blockchain To Improve Global Trade And Digitize Supply Chains
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - International Business Machines Corp ::MAERSK AND IBM TO FORM JOINT VENTURE APPLYING BLOCKCHAIN TO IMPROVE GLOBAL TRADE AND DIGITIZE SUPPLY CHAINS.IBM - ‍MAERSK AND IBM HAVE NAMED MICHAEL J. WHITE, FORMER PRESIDENT OF MAERSK LINE IN NORTH AMERICA, AS CEO OF NEW COMPANY​.IBM - UPON REGULATORY CLEARANCE, SOLUTIONS FROM JOINT VENTURE EXPECTED TO BECOME AVAILABLE WITHIN SIX MONTHS.IBM - AIM OF NEW CO WILL BE TO OFFER A JOINTLY DEVELOPED GLOBAL TRADE DIGITIZATION PLATFORM DESIGNED FOR USE BY ENTIRE GLOBAL SHIPPING ECOSYSTEM.IBM - NEW COMPANY WILL BE HEADQUARTERED IN NEW YORK METROPOLITAN AREA.IBM - NEW CO INITIALLY PLANS TO COMMERCIALIZE TWO CORE CAPABILITIES AIMED AT "DIGITIZING GLOBAL SUPPLY CHAIN FROM END-TO-END".IBM - CORE CAPABILITIES THAT NEW CO INITIALLY PLANS TO COMMERCIALIZE INCLUDE A SHIPPING INFORMATION PIPELINE & PAPERLESS TRADE.IBM - ADDITIONAL GOVERNMENT AUTHORITIES, INCLUDING SINGAPORE & PERUVIAN CUSTOMS, WILL EXPLORE COLLABORATING WITH JV PLATFORM TO FACILITATE TRADE FLOWS.IBM - GLOBAL TERMINAL OPERATORS APM TERMINALS AND PSA INTERNATIONAL WILL USE JV PLATFORM TO "ENRICH" PORT COLLABORATION AND IMPROVE TERMINAL PLANNING.  Full Article

Maersk Drilling Is Awarded Contract Extension By Total
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - A.P. MOLLER-MAERSK ::MAERSK DRILLING IS AWARDED CONTRACT EXTENSION BY TOTA.Maersk Drilling HAS BEEN AWARDED A CONTRACT EXTENSION FOR THE JACK-UP RIG MAERSK INTREPID BY TOTAL E&P NORGE AS..THE RIG HAS BEEN ON CONTRACT FOR TOTAL ON THE MARTIN LINGE FIELD IN THE NORWEGIAN PART OF THE NORTH SEA SINCE 2014 AND THIS CONTRACT HAS NOW BEEN EXTENDED FOR ANOTHER FIRM 196 DAYS WITH OPTIONS FOR ADDITIONAL 61 DAYS.  Full Article

Maersk divests stake in Egyptian Drilling Company for $100 mln
Monday, 18 Dec 2017 

Dec 18 (Reuters) - MAERSK DRILLING, UNIT OF A. P. MOLLER-MAERSK MAERSKB.CO, SAYS:IT AND AND EGYPTIAN GENERAL PETROLEUM CORPORATION EGPC HAS SIGNED AN AGREEMENT WHEREBY EGPC WILL ACQUIRE A.P. MOLLER - MAERSK'S 50 PERCENT SHAREHOLDING IN EGYPTIAN DRILLING COMPANY EDC FOR 100 MILLION DOLLARS IN AN ALL-CASH TRANSACTION.FOLLOWING THE TRANSACTION EGPC WILL BECOME SOLE OWNER OF EDC AND WILL AS PART OF THE AGREEMENT TAKE OVER THE ENTIRE PORTFOLIO, OBLIGATIONS AND RIGHTS .  Full Article

Aker Solutions wins $120 mln order from Maersk Drilling
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS WINS MODIFICATIONS CONTRACT FROM MAERSK DRILLING.WON AN ORDER FROM MAERSK DRILLING TO MODIFY PRODUCTION MODULE ON MÆRSK INSPIRER JACK-UP RIG FOR REPSOL-OPERATED YME OILFIELD OFFSHORE NORWAY​.‍ORDER IS VALUED AT ABOUT 1 BILLION NORWEGIAN CROWNS ($120.01 million) AND WILL BE BOOKED IN Q4​.‍WORK ON PROJECT IS SET TO START IMMEDIATELY AND CONCLUDE AT END OF 2019​.  Full Article

Aker BP restarts production on Tambar Field following Maersk Interceptor accident ​
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Aker Bp Asa ::PRODUCTION RESUMES ON TAMBAR.‍ON TUESDAY, PRODUCTION STARTED UP AGAIN ON TAMBAR FIELD FOLLOWING ACCIDENT ON MAERSK INTERCEPTOR ON 7 DECEMBER​.‍PETROLEUM SAFETY AUTHORITY NORWAY AND POLICE ARE INVESTIGATING ACCIDENT​.  Full Article

Norway's top oil drilling union agrees wage deal, smaller union undecided

OSLO The largest labour union representing workers on Norwegian offshore oil drilling rigs has agreed to a new wage deal, it said on Friday, while a smaller union said it would ask its members to decide whether to accept the deal.