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

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Latest Key Developments (Source: Significant Developments)

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

Maersk ‍joins WTO Global Alliance for Trade Facilitation​-Reuters
Thursday, 17 Dec 2015 04:53am EST 

AP Moeller Maersk A/S:Says ‍joins WTO's Global Alliance for Trade Facilitation​ (TFA)-Reuters.CEO says WTO Trade Facilitation agreement will represent an important step toward minimising supply chain barriers and reinvigorating global trade.Says WTO estimates full implementation of TFA could add $1 trillion to global GDP annually and 21 million new jobs.  Full Article

AP Moeller Maersk says Maersk Drilling gets 5-year contract for jack-up rig
Monday, 7 Dec 2015 03:20am EST 

AP Moeller Maersk A/S:Says gets 5-year contract for jack-up rig Maersk Guardian for accommodation on various fields in the Danish part of the North Sea.Maersk Drilling says estimated contract value for the firm contract period is $142 million.The contract includes two 1-year options.The Maersk Guardian is currently stacked in Frederikshavn where it will be located throughout the refurbishment period until contract commencement.  Full Article

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