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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 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

Havila Shipping signs new PSV contract with Mærsk Olie & Gas
Thursday, 29 Jun 2017 07:00am EDT 

June 29 (Reuters) - HAVILA SHIPPING ASA :REG-HAVILA SHIPPING ASA: NEW PSV CONTRACT WITH MÆRSK OLIE & GAS.CONTRACT IS FOR 60 DAYS FIRM PLUS D/D 30.‍ENTERED INTO A CONTRACT WITH MÆRSK OLIE & GAS FOR PSV WORK WHERE AMPELMAN WALK TO WORK SOLUTION WILL BE OPERATED ONBOARD.​.  Full Article

Maersk Line says cargo in transit to be offloaded as planned
Wednesday, 28 Jun 2017 05:55am EDT 

June 28 (Reuters) - MAERSK LINE, A UNIT OF A.P. MOLLER-MAERSK , SAYS IN CUSTOMER ADVISORY OBTAINED BY REUTERS :ALL IMMEDIATE VESSEL OPERATIONS WILL CONTINUE AS PLANNED, MAKING MAJORITY OF PLANNED PORT CALLS.ACCESS TO MOST PORTS IS NOT IMPACTED, HOWEVER SOME APM TERMINALS ARE AFFECTED AND GATES ARE CLOSED.CARGO IN TRANSIT WILL BE OFFLOADED AS PLANNED.IMPORT CARGO WILL BE RELEASED TO CREDIT CUSTOMERS.UNABLE TO SERVE NEW QUOTES OR ACCEPT FUTURE BOOKINGS.  Full Article

Maersk Line not able to take in orders due to cyber attack -CCO
Wednesday, 28 Jun 2017 03:52am EDT 

June 28 (Reuters) - MAERSK LINE CHIEF COMMERCIAL OFFICER VINCENT CLERC SAYS IN TELEPHONE INTERVIEW WITH REUTERS:MAERSK LINE IS NOT ABLE TO TAKE IN NEW ORDERS FOR THE TIME BEING DUE TO TUESDAY'S CYBER ATTACK.WE DO NO HAVE A PRECISE TIMELINE FOR WHEN BUSINESS WILL RETURN TO NORMAL AFTER THE ATTACK.IT IS TOO SOON TO ASSESS THE ECONOMIC IMPACT OF THE CYBER ATTACK.MAERSK LINE IS PART OF DANISH CONGLOMERATE A.P. MOLLER-MAERSK A/S <<>>.  Full Article

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Maersk upbeat on shipping outlook, faces hefty cyber attack bill

COPENHAGEN Denmark's A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares by as much as 4.5 percent as investors looked beyond one-off second-quarter charges and a costly cyber attack on its operations. | Video