Edition:
United States

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

MAERSKa.CO on Copenhagen Stock Exchange

12,710.00DKK
23 Aug 2017
Change (% chg)

-- (--)
Prev Close
kr.12,710.00
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
6,505
52-wk High
kr.13,530.00
52-wk Low
kr.8,345.00

Latest Key Developments (Source: Significant Developments)

Total says Maersk Oil $3 bln decommissioning liabilities taken into account
Monday, 21 Aug 2017 08:47am EDT 

Aug 21 (Reuters) - Total :CEO Patrick Pouyanne says the company took account of about $3 billion decommissioning liabilities linked to Maersk Oil deal valuation..Total <<>> is buying Maersk's oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow. nL8N1L70XF."We took all rights and obligations of the portfolio. In terms of cash flow, it is limited in impact on the first years and postponed beyond 2035-2040, so the decommissioning liabilities are fully taken into account and there are no surprises," Pouyanne told analysts in a call. .  Full Article

Maersk CEO says has not decided whether to take board seat at Total
Monday, 21 Aug 2017 04:32am EDT 

Aug 21 (Reuters) - A.P. MOLLER - MAERSK A/S CEO SOREN SKOU ON INVESTOR CALL FOLLOWING ANNOUNCEMENT THAT FRENCH OIL MAJOR TOTAL IS BUYING MAERSK OIL IN A $7.45 BILLION DEAL :SAYS HAS BEEN OFFERED BOARD SEAT AT TOTAL, "WE ARE STILL TO CONSIDER AND DECIDE WHAT TO DO WITH THAT".  Full Article

Maersk has agreed to sell Maersk Oil to Total S.A.
Monday, 21 Aug 2017 02:58am EDT 

Aug 21 (Reuters) - DANISH SHIPPING COMPANY MAERSK MAERSKB.CO SAYS:HAS ENTERED INTO AN AGREEMENT TO SELL MAERSK OIL TO TOTAL S.A. FOR USD 7.45BN IN A COMBINED SHARE AND DEBT TRANSACTION.WILL RECEIVE AN ENTERPRISE VALUE PER 30 JUNE 2017 OF USD 7.45BN PAID BY 97.5M SHARES IN TOTAL S.A. WITH A VALUE OF USD 4.95BN EQUAL TO APPROX. 3.76 PCT OF TOTAL S.A.IN ADDITION TO SHARES TOTAL S.A. IS ASSUMING A SHORT TERM DEBT OF USD 2.5BN VIA DEBT PUSH DOWN FROM APMM INTO MAERSK OIL.TOTAL S.A. WILL TAKE OVER ALL DECOMMISSIONING OBLIGATIONS CURRENTLY AMOUNTING TO USD 2.9BN.PLANS TO RETURN A MATERIAL PORTION OF VALUE OF RECEIVED TOTAL S.A. SHARES TO APMM SHAREHOLDERS DURING COURSE OF 2018/19 IN FORM OF EXTRAORDINARY DIVIDEND, SHARE BUYBACK AND/OR DISTRIBUTION OF TOTAL S.A. SHARES.CLOSING IS EXPECTED TO TAKE PLACE DURING Q1 2018.  Full Article

Maersk CEO says no indication of customer loss due to June cyber attack
Wednesday, 16 Aug 2017 06:00am EDT 

Aug 16 (Reuters) - A.P. MOLLER-MAERSK MAERSKB.CO CEO SOREN SKOU AT A CONFERENCE CALL::SEES NO INDICATION THAT CUSTOMERS ARE WALKING AWAY FROM MAERSK LINE BECAUSE OF JUNE CYBER ATTACK.CONTAINER LOADING VOLUMES RETURNED TO NORMAL IN MID-JULY AFTER JUNE 27 CYBER ATTACK.LOADING VOLUMES DROPPED FROM 210,000 40-FOOT EQUIVALENT (FFE) CONTAINERS IN WEEK STARTING JUNE 26 TO 160,000 FFE IN WEEK STARTING JULY 3.LOADING ROSE TO 180,000 FFE IN WEEK STARTING JULY 10, AND RETURNED TO NORMAL LEVEL AROUND 210,000 FFE THE FOLLOWING WEEK.  Full Article

Maersk CEO says container shipping fundamentals at best level since 2010
Wednesday, 16 Aug 2017 02:32am EDT 

Aug 16 (Reuters) - A.P. MOLLER-MAERSK MAERSKB.CO CEO SOREN SKOU SAID IN AN INTERVIEW::CONTAINER SHIPPING FUNDAMENTALS CURRENTLY AT BEST LEVEL SINCE 2010."RELATIVELY POSITIVE" ON OUTLOOK FOR GLOBAL CONTAINER SHIPPING INDUSTRY.CEO SAYS UNDERLYING Q2 RESULT DRIVEN BY HIGHER FREIGHT RATES, "GOOD FUNDAMENTALS".CEO SAYS GROWTH IN CONTAINER SHIPPING DEMAND HAS OUTPACED GROWTH IN NEW VESSEL CAPACITY SINCE Q3'16.CEO SAYS EXPECTS NEW VESSEL ORDERS TO FALL FURTHER.  Full Article

BRIEF-A.P. Moller-Maersk sees $200-300 mln negative impact from cyber attack
Wednesday, 16 Aug 2017 02:00am EDT 

Adds $ in headline:SAYS WE EXPECT THAT CYBER-ATTACK WILL IMPACT RESULTS NEGATIVELY BY USD 200-300M.SAYS MAERSK LINE IS AGAIN PROFITABLE DELIVERING IN LINE WITH GUIDANCE, WITH REVENUE GROWING BY USD 1BN YEAR-ON-YEAR IN Q2.SAYS EXPECTATION OF AN UNDERLYING PROFIT ABOVE 2016 (USD 711M) IS UNCHANGED DESPITE EXPECTED NEGATIVE IMPACT FROM THE JUNE CYBER-ATTACK.Q2 REVENUE $9,604 MILLION VERSUS $9,659 MILLION SEEN IN REUTERS POLL.SAYS GLOBAL DEMAND FOR SEABORNE CONTAINER TRANSPORTATION IS STILL EXPECTED TO INCREASE 2-4%, BUT IN THE UPPER END OF THE RANGE.Q2 EBITDA $2,059 MILLION VERSUS $2,048 MILLION SEEN IN REUTERS POLL.SAYS GROSS CAPITAL EXPENDITURE FOR 2017 IS STILL EXPECTED TO BE USD 5.5-6.5BN (USD 5.0BN)..SAYS TRANSPORT & LOGISTICS REITERATES THE EXPECTATION OF AN UNDERLYING PROFIT ABOVE USD 1BN.Q2 NET LOSS $264 MILLION VERSUS $507 MILLION NET PROFIT SEEN IN REUTERS POLL.SAYS MAERSK LINE REITERATES THE EXPECTATION OF AN IMPROVEMENT IN EXCESS OF USD 1BN IN UNDERLYING PROFIT COMPARED TO 2016 (LOSS OF USD 384M).SAYS ENERGY MAINTAINS AN EXPECTATION OF AN UNDERLYING PROFIT AROUND USD 0.5BN, WITH MAERSK OIL BEING THE MAIN CONTRIBUTOR.Q2 RESULT WAS NEGATIVELY IMPACTED BY LOWER OCEAN MARGINS, IMPACT FROM CYBER-ATTACK AND INCREASED INVESTMENTS IN NEW PRODUCTS AND SOLUTIONS.  Full Article

Maersk Oil says on track to deliver first gas in 2019 at Culzean field
Friday, 21 Jul 2017 03:20am EDT 

July 21 (Reuters) - AP MOELLER - MAERSK A/S :MAERSK OIL SAYS COMPLETES CULZEAN JACKET INSTALLATION.MAERSK OIL SAYS CONTINUES TO HIT MILESTONES ON TIME AND IS ON TRACK TO DELIVER FIRST GAS IN 2019.  Full Article

Maersk says Qatar service is progressing as scheduled
Tuesday, 18 Jul 2017 02:00am EDT 

July 18 (Reuters) - A.P. MOLLER - MAERSK'S MAERSK LINE SAYS ON ITS WEBPAGE :SAILINGS TO AND FROM QATAR ARE SUCCESSFULLY PROGRESSING AS SCHEDULED.THE FIRST SAILING WAS FROM SALALAH 26TH JUNE 2017 AND REACHED DOHA 30TH JUNE 2017.MAERSK LINE HAVE HAD THREE SAILINGS ON QATAR SERVICE WHICH HAS A FREQUENCY OF EVERY 10 DAYS.BOOKING ACCEPTANCE FOR CARGO TO/FROM QATAR IS OPEN FOR ALL COUNTRIES EXCEPT UNITED ARAB EMIRATES, SAUDI ARABIA, BAHRAIN, EGYPT AND YEMEN IN COMPLIANCE WITH THE GOVERNMENT GUIDELINES.  Full Article

Maersk drilling says extends digital partnership with GE Marine
Monday, 17 Jul 2017 07:29am EDT 

July 17 (Reuters) - MAERSK DRILLING, A UNIT OF A.P. MOLLER-MAERSK MAERSKB.CO:SAYS FOLLOWING THE POSITIVE OUTCOME OF THEIR PILOT PROJECT, GE AND MAERSK DRILLING HAVE EXTENDED THE SCOPE OF THEIR DIGITAL PARTNERSHIP.SAYS THE COLLABORATION BRINGS THE NEXT BIG STEP IN INNOVATIVE EFFICIENCY SERVICES TO THE OFFSHORE MARKET AND CONSTITUTES GREAT VALUE FOR CUSTOMERS BY ENHANCING DRILLING PRODUCTIVITY.SAYS GE'S SEASTREAM INSIGHT MARINE ASSET PERFORMANCE MANAGEMENT (APM) SOLUTION WILL BE IMPLEMENTED TO ENABLE MORE CONSISTENT AND PREDICTABLE DRILLING PERFORMANCES ON NINE SELECTED UNITS ACROSS MAERSK DRILLING'S FLEET."TOGETHER WITH A NUMBER OF RELEVANT INDUSTRY PARTNERS, WE ARE NOW EXECUTING ON OUR AMBITION TO OFFER OIL MAJORS THE WORLD'S FIRST DIGITALLY OPTIMIZED DRILLING OPERATION," SAYS JESPER HANSEN, CIO OF MAERSK DRILLING.  Full Article

Maersk Line takes online orders again after cyber attack
Thursday, 29 Jun 2017 03:09pm EDT 

June 29 (Reuters) - A.P. MOLLER-MAERSK SAYS IN UPDATE ON TWITTER:MAERSK LINE HAS BEEN TAKING ONLINE BOOKINGS THROUGH THREE DIFFERENT SOLUTIONS FOR TWO HOURS.MAERSK LINE IS LOADING CARGO AS BOOKED AND HANDLING OF CARGO IN TRANSIT IS CLOSE TO NORMAL.APM TERMINALS IS IMPLEMENTING IT SOLUTIONS THAT WILL RESTORE FULL OPERATIONS AT IMPACTED TERMINALS.DAMCO REMAINS OPERATIONAL ACROSS ALL ITS MAIN PRODUCTS.TOO EARLY TO GIVE TIMELINE FOR WHEN NORMAL STATE OF BUSINESS IS RESTORED.  Full Article

Maersk Tankers invests in quantitative hedge fund CargoMetrics

COPENHAGEN Maersk Tankers said on Wednesday it has entered into an equity agreement with U.S. hedge fund CargoMetrics, giving it access to analytical models and algorithms to better manage its tanker operations.