Key Developments: AP Moeller - Maersk A/S (MAERSKb.CO)
42,680.00DKK
19 Jun 2013
kr.200.00 (+0.47%)
kr.42,480.00
kr.42,480.00
kr.43,080.00
kr.42,240.00
5,559
4,743
kr.47,480.00
kr.36,320.00
Latest Key Developments (Source: Significant Developments)
AP Moeller Maersk A/S to Issue Sterling-Denominated Bond-DJ
Dow Jones reported that AP Moeller Maersk A/S is to issue a 12-year sterling-denominated bond. The Company held a call with investors on the issue on March 25, 2013. The initial price indication is 200 basis points over the corresponding 12-year gilt. Barclays, RBS and Santander GBM are the banks arranging the deal. Full Article
AP Moeller Maersk A/S Sells Stake in Zeebrugge to China Shipping Terminal-Reuters
Reuters reported that AP Moeller Maersk A/S has signed a deal to sell a 24% stake in APM Terminals Zeebrugge to China Shipping Terminal. APM Terminals, the port operating unit of the Maersk group, said in a statement it would remain the majority shareholder. The unit owns 75% of APM Terminals Zeebrugge, after it sold 25% to Shanghai International Port Group in 2010. The deal is scheduled to be finalized by the end of June 2013. Financial details were not disclosed. Full Article
AP Moeller Maersk A/S's Maersk Oil Receives Approval for Balloch Oil Field-DJ
Dow Jones reported that AP Moeller Maersk A/S's unit, Maersk Oil, has received the FDP, or field development plan, approval for its Balloch oil field in the Central North Sea from the United Kingdom Department of Energy and Climate Change. Maersk Oil owns 100% of Balloch which was discovered in 2010 and is situated close to Maersk Oil United Kingdom's Dumbarton development. Full Article
AP Moeller Maersk A/S Proposes FY 2012 Dividend and Issues FY 2013 Financial Guidance
AP Moeller Maersk A/S announced that the Board of Directors proposes to the Annual General Meeting that a dividend of DKK 1,200 per share of DKK 1,000 be paid for the fiscal year 2012. Payment is expected to take place on April 17, 2013. For the fiscal year 2011, the Company paid a dividend of DKK 1,000 per share. Additionally, the Company announced that its result for the fiscal year 2013 is expected to be below the 2012 result, and that the fiscal year 2013 operational result is expected to be in line with 2012 excluding impairment losses, divestment gains and gain from the tax settlement in Algeria. For the fiscal year 2012, the Company reported result of USD 4.0 billion and operational result of USD 2.9 billion. Full Article
North Energy ASA Contributes to Establishment of New Partnership in License 510 with AP Moeller Maersk A/S's Maersk Oil and Edison
North Energy ASA announced that it has contributed to the establishment of a new partnership for Norwegian production license (PL) 510, where AP Moeller Maersk A/S's Maersk Oil becomes the new operator with a 50% holding and with partners Edison (30%) and North Energy (20%). PL 510 formed part of the 2008 awards in pre-defined areas (APA), and lies on the Halten Bank in the Norwegian Sea close to several producing fields. The decision has been taken to drill an exploration well in the license, which adds a further firm well to North Energy's drilling program. Full Article
Lundin Petroleum AB's Lundin Norway AS Completes Drilling of Appraisal Well 16/2-16 in License PL501 Shared with Statoil ASA's Statoil Petroleum AS and AP Moeller Maersk A/S' Maersk Oil Norway AS
Lundin Petroleum AB announced that it has through its wholly owned subsidiary Lundin Norway AS completed drilling of appraisal well 16/2-16 in PL501, on the Johan Sverdrup discovery located in the North Sea sector of the Norwegian Continental Shelf, shared with Statoil ASA's Statoil Petroleum AS and AP Moeller Maersk A/S' Maersk Oil Norway AS. The well was drilled in PL501 on the north eastern flank of the discovery approximately three kilometers away from the discovery well 16/2-6, the recent well 16/2-13A in PL501 and well 16/2-10 located in PL265. The main objectives were met by encountering the top of the reservoir at prognosis at 1,924 meters below Mean Sea Level (MSL) and the oil water contact at 1,925 meters below MSL. This oil water contact (OWC) is the same as in well 16/2-13A and about three meters deeper than the previously identified OWC in other PL501 wells. A total of 15 meters sand was found in a 60 meters Jurassic sequence. The well was drilled to a depth of 2,188 meters below MSL. The well will be side tracked approximately 1,000 meters westward to improve the understanding of the lateral variations in reservoir qualities and the relation between the 1,934 meters MSL oil water contact in well 16/2-10 and the 1,925 meters below MSL contact observed in the 16/2-16 and 16/2-13A wells. Lundin Norway is the operator of PL501 with a 40%-interest. Partners are Statoil Petroleum with a 40% and Maersk Oil Norway with a 20%. Full Article
United States Port Workers Union Accuses AP Moeller Maersk A/S' APM Terminals of Spying-Reuters
Reuters reported that a United States port workers union has accused APM Terminals, a port operator of AP Moeller Maersk A/S, of spying on union representatives in Los Angeles by tapping their phones. APM Terminals announced that it was taking the allegation from a subdivision of the International Longshore and Warehouse Union (ILWU) seriously and was investigating whether there was any truth to it. APM Terminals did not confirm a report by Danish union 3F's paper Fagbladet3F that it had admitted to the claim to ILWUthat. It also declined to announce whether the union had filed any legal complaint against APM Terminals. Fagbladet3F reported the union had filed a complaint to a United States labor law board. Full Article
AP Moeller Maersk A/S Sells 11 Tankers to Navigator Gas-Reuters
Reuters reported that AP Moeller Maersk A/S announced that it was selling 11 handysize tankers to Navigator Gas in Britain. The financial terms of the transaction were not disclosed. The Company also announced that the sale would affect approximately 300 staff and it expected all seafarers to be transferred to other vessels in its fleet or offered employment by Navigator. Navigator Gas is a United Kingdom-based private company specialized in transporting gas. Full Article
Transocean Ltd Wins Reversal in Patent Lawsuit Against AP Moeller Maersk A/S-Reuters
Reuters reported that Transocean Ltd has won reversal of decision in favor of AP Moeller Maersk A/S's Maersk Drilling USA in patent litigation in the United States (US) appeals court. Lower court had rejected claims that Maersk did not infringe patents, which were related to offshore drilling. The US federal circuit court of appeals decided that the trial jury had had substantial evidence to justify USD 15 million damages as a reasonable royalty. The federal circuit reverses lower court order granting Maersk's motion for new trial. Full Article
AP Moeller Maersk A/S Comments on FY 2012 Result and Cash Flow Guidance
AP Moeller Maersk A/S announced its fiscal year 2012 financial guidance. The Company expects to report fiscal year 2012 result of approximately USD 3.7 billion and fiscal year 2012 cash flow from operating activities at the same level as in fiscal year 2011. The Company reported fiscal year 2011 cash flow from operating activities of USD 7.3 billion. Full Article
Maersk enters into alliance with container ship rivals
COPENHAGEN, June 18 - The container shipping unit of Danish shipping and oil group A.P. Moller-Maersk has entered into an alliance with its two biggest rivals MSC Mediterranean Shipping Company S.A. and CMA CGM to improve operations and services.
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