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

MAERSKb.CO on Copenhagen Stock Exchange

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2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Statoil awards Sverdrup contract of NOK 600 mln to Rosenberg WorleyParsons AS
Friday, 3 Jun 2016 04:14am EDT 

Statoil Asa : Statoil has, on behalf of the Johan Sverdrup licence, awarded Rosenberg WorleyParsons AS a contract for fabrication of three bridges and two flare towers . Contract value is close to nok 600 million . Fabrication and assembly will mainly be carried out in Stavanger, but also with contribution from other Norwegian and international sub-suppliers . A bridge between the riser platform and the drilling platform and one flare tower (riser platform) will be delivered in 2018, and the remaining two bridges and one flare tower (processing platform) will be delivered in 2019 . The combined weight of all three bridges is 4,700 tonnes, and if put together the overall length of all three bridges totals 260 metres .The Sverdrup project has so far awarded contracts totaling close to NOK 60 billion, with a Norwegian share of more than 70 pct.  Full Article

Maersk Drilling to buy jack-up rig from Hercules Offshore
Friday, 27 May 2016 02:05am EDT 

Maersk Drilling, a unit in A.P. Moller-Maersk : Says has entered into a definitive agreement to acquire the newbuild harsh environment jack-up rig, from a subsidiary of Hercules Offshore and with immediate delivery from Jurong Shipyard in Singapore . Says according to the agreement, Maersk Drilling assumes the right to take delivery of the rig and Maersk Drilling settles the final payment of approx. $190 million with Jurong . Says after delivery, the rig will be mobilised to the North Sea to commence a five-year drilling contract with Maersk Oil and its partners, BP and JX Nippon, on the Culzean gas field offshore UK. . Says the value of the five-year drilling contract is approx. $420 million, including a mobilisation fee of $9 million For more on the company, click on [MAERSKb.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 55;)).  Full Article

AP Moeller Maersk says Maersk Oil to axe 100 jobs in Angola and the US
Thursday, 31 Mar 2016 10:05am EDT 

AP Moeller Maersk A/S:Says to reduce the Chissonga organisation.Says to close Houston office and reduce the Luanda team, impacting about 100 staff positions in total.Says options for the Chissonga project in Angola include a future project developed jointly with other hydrocarbon discoveries in the same region.Says remains committed to the Chissonga project.  Full Article

AP Moller-Maersk's APM Terminals to operate new automated port in Morocco's Tangier
Thursday, 31 Mar 2016 01:00am EDT 

AP Moller-Maersk's subsidiary APM Terminals:Says will invest 758 million euros in a new transhipment terminal in Tangier, Morocco, that will be the first automated terminal in Africa.New container terminal will have an annual capacity of five million 20-foot equivalent units (TEU), and APM Terminals has the right to operate the port for 30 years.APM Terminals, A.P. Moller-Maersk unit, is currently operating a port facility in Tangier that handled 1.7 million TEUs in 2015.  Full Article

Svitzer, unit in AP Moller-Maersk, places order for four tug boats in Vietnam-Reuters
Wednesday, 30 Mar 2016 08:15am EDT 

Svitzer, a unit in A.P. Moller-Maersk:Says has purchased four ATD 2412 tugs from Damen Shipyards to serve as fleet renewal-Reuters.Says the first two vessels will be delivered in mid-April.The last two will be delivered in mid-August.  Full Article

AP Moller-Maersk's APM Terminals completes acquisition of Grup Maritim assets-Reuters
Wednesday, 9 Mar 2016 03:15am EST 

AP Moller-Maersk's subsidiary APM Terminals:Says has completed the $1 billion acquisition of Spanish Grup Maritim TCB's port and rail interests-Reuters.Has yet to receive approval for three of 11 terminals under Grup Maritim TCB, but has decided to move ahead with the acquisition, as the remaining terminals constitute less than 5 pct of the value of the acquisition.The acquisition thus adds 8 ports with a combined 2 million TEU equity-weighted volume to APM Terminals​.  Full Article

Maersk Oil completes acquisition of East African licences-Reuters
Tuesday, 23 Feb 2016 04:08am EST 

AP Moeller Maersk A/S:Maersk Oil has completed acquisition of 50 pct of Africa Oil Corp share in three onshore exploration licences in Turkana region, Kenya, and two contiguous licences in Southern Ethiopia-Reuters.The licences cover an area of about 100,000 square kilometers and include nine recent oil discoveries, with ongoing exploration and appraisal activities.Four of the blocks are operated by Tullow Oil and one by Africa Oil.  Full Article

AP Moeller Maersk A/S - Maersk, MSC, 13 other shipping firms to change pricing methods - EU - Reuters
Monday, 15 Feb 2016 10:54pm EST 

AP Moeller Maersk A/S:Maersk, Swiss peer MSC and 13 other peers have offered to change their practices to settle a two-year EU antitrust investigation, the European Commission said on Tuesday - RTRS.The companies include CMA CGM, Evergreen Marine, Hapag Lloyd, China Ocean Shipping (Group) Company (COSCO), China Shipping, Hamburg Sud, Hanjin, OOCL (Orient Overseas Container Line), Mitsui OSK Lines (MOL), United Arab Shipping Company, Nippon Yusen Kaisha, Hyundai Merchant Marine and Zim.The Commission said the container liners offer to stop publishing and communicating generate rate increase announcements, which are changes to prices expressed as the amount or percentage of the change.Third parties have a month to provide feedback on the proposal before the EU competition authority accepts the offer without any finding of wrongdoing or possible fines.  Full Article

AP Moeller Maersk A/S - Maersk, MSC, 13 others offer to settle EU pricing probe -sources - Reuters
Wednesday, 10 Feb 2016 06:38am EST 

AP Moeller Maersk A/S:Maersk, MSC and 13 other firms have offered to change their pricing practices to settle an EU antitrust probe and stave off any fines, three people familiar with the matter said on Wednesday - RTRS.The European Commission opened an investigation into the companies, among the world's 18 largest shipping liners, in November 2013 following dawn raids in May 2011 - RTRS.The EU competition enforcer said the shipping companies may have been illegally orchestrating price hikes since 2009 via public announcements of rate increase plans on their websites and in the specialised trade press - RTRS.The companies have offered to publish binding actual rates a month before they go into effect, the people said. In some circumstances, the figures may act as a price cap. A third source said the offer applies only for short-term prices, not long-term ones or annual contracts - RTRS.The Commission is expected to seek feedback from third parties this week or next before deciding whether to accept the pledge and close the investigation - RTRS.The other companies involved are CMA CGM, Taiwan's Evergreen Marine, Germany's Hapag Lloyd HLAG.DE, China Ocean Shipping (Group) Company (COSCO), China Shipping CNSHI.UL, Hamburg Sud, South Korean firm Hanjin, OOCL (Orient Overseas Container Line) - RTRS.Japan's Mitsui OSK Lines (MOL), United Arab Shipping Company, Nippon Yusen Kaisha, Hyundai Merchant Marine and Israeli peer Zim, the sources said. - RTRS.  Full Article

AP Moeller Maersk A/S provides outlook for FY 2016
Wednesday, 10 Feb 2016 01:53am EST 

AP Moeller Maersk A/S:Expects underlying net result in FY 2016 to be significantly below last year's $3.1 billion.  Full Article

Deals of the day-Mergers and acquisitions

Nov 28 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday: