Key Developments: AP Moeller Maersk A/S (MAERSKb.CO)

MAERSKb.CO on Copenhagen Stock Exchange

12,150.00DKK
19 Dec 2014
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kr.70.00 (+0.58%)
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Latest Key Developments (Source: Significant Developments)

Maersk Drilling takes delivery of second drillship
Tuesday, 15 Apr 2014 08:00pm EDT 

AP Moeller Maersk A/S' Maersk Drilling:Takes delivery of second drillship, Maersk Valiant from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea.The vessel will commence a two year contract with ConocoPhillips and Marathon Oil Corporation.Maersk Valiant is the second in a series of four ultra deepwater drillships to enter Maersk Drilling’s fleet.  Full Article

AP Moeller Maersk completes sale of Dansk Supermarked and F. Salling
Friday, 11 Apr 2014 05:18am EDT 

AP Moeller Maersk A/S:Completes sale of 48.68 percent of shares in Dansk Supermarked A/S and 18.72 percent of shares in F. Salling A/S to the Salling Companies.Accounting gain for the company is $2.8 billion (15 billion Danish crowns) and the cash proceeds from the sale is $3.2 billion (17 billion crowns).  Full Article

Maersk Group sells Danbor to NorSea Group
Tuesday, 1 Apr 2014 08:00pm EDT 

AP Moeller Maersk A/S:Says Maersk Group and NorSea Group have agreed on the sale of Danbor's core business activities in logistics and services for the wind and oil and gas industries.Expects the sale from Maersk to NorSea Group to be completed by April 30.Says Danbor's subsidiary Maersk H2S Safety Services A/S, which provides safety services to the offshore industry, will now become part of Maersk Training.Danbor was established in 1974 and has a turnover in 2013 of over 500 million Danish crowns.No financial details of the transaction.  Full Article

AP Moeller Maersk signs cooperation with China Shipping (Group) on container terminals
Tuesday, 1 Apr 2014 08:00pm EDT 

AP Moeller Maersk A/S' APM Terminals:Says Maersk Group and China Shipping (Group) expand discussions on new container terminal projects to potentially collaborate in as joint venture partners.China Shipping (Group) operates China Shipping Terminal and China Container Shipping Lines and is seeking to expand its European port network.Says on March 8 China Shipping Terminal signed an MOU with APM Terminals Zeebrugge for a 24 percent stake in the deepwater, high productivity terminal.APM Terminals Zeebrugge remains the majority shareholder and operator of the terminal with a 51-pct share, Shanghai International Port Group (SIPG) has 25 pct.  Full Article

Maersk Drilling announces delivery of Maersk Intrepid and contract with Total E&P Norge AS
Monday, 31 Mar 2014 08:00pm EDT 

AP Moeller Maersk A/S' Maersk Drilling:Takes delivery of its first ultra harsh environment jack-up, Maersk Intrepid, from the Keppel FELS shipyard in Singapore on time.Maersk Intrepid will start its mobilisation to the Norwegian North Sea in about two weeks.The jack-up will commence a four year contract with Total E&P Norge AS.The contract includes four one-year options.Estimated contract value for the firm contract is $550 million.Maersk Intrepid is the first in a series of four newbuild ultra harsh environment jack-up rigs to enter Maersk Drilling’s rig fleet in 2014-2016.The first three jack-up rigs, including Maersk Intrepid, will be delivered from the Keppel FELS shipyard in 2014-2015, and the fourth will be delivered from the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea in 2016.  Full Article

Lundin Petroleum completes drilling of Johan Sverdrup appraisal wells 16/3-8 S and 16/3-8 S T2 in license shared with Statoil and AP Moeller Maersk
Thursday, 27 Mar 2014 03:31am EDT 

Lundin Petroleum AB:Says its wholly owned subsidiary Lundin Norway AS completes the Johan Sverdrup appraisal wells 16/3-8 S and 16/3-8 S T2, located in the eastern part of PL501 shared with Statoil ASA and AP Moeller Maersk A/S.Appraisal well 16/3-8 S is located on the Avaldsnes High, in the eastern part of the Johan Sverdrup discovery.The well was drilled approximately four km south-east of the discovery well 16/2-6 and approximately three km west of appraisal well 16/3-4.The purpose of the well was to investigate the thickness and quality of the late Jurassic Draupne sandstone reservoir as well as the Permian Zechstein carbonates.The well 16/3-8 S also encountered 67 meters of Zechstein carbonates with variable, but mostly tight, reservoir quality with oil shows.The oil water contact is interpreted at 1,925 meters below mean sea level (MSL) with oil sampled at 1,924.5 meters below MSL.Lundin Norway is the operator in PL501 with a 40 percent interest.The partners are Statoil Petroleum AS with 40 percent interest and Maersk Oil Norway AS with a 20 percent interest.  Full Article

AP Moeller Maersk A/S proposes dividend of 1,400 Danish crown per share
Wednesday, 26 Feb 2014 07:00pm EST 

AP Moeller Maersk A/S:Proposes dividend to the shareholders of 1,400 Danish crown per share of 1,000 Danish crown.Payment is expected to take place on April 4.  Full Article

Lundin Petroleum AB's subsidiary completes side-track well on Torvastad Prospect on license shared with Statoil ASA and AP Moeller Maersk A/S' subsidiaries
Tuesday, 11 Feb 2014 02:33am EST 

Lundin Petroleum AB:Says its subsidiary Lundin Norway AS announced that side-track well 16/2-20A on Torvastad target on PL501, shared with subsidiaries of Statoil ASA and AP Moeller Maersk A/S, in North Sea sector of Norwegian Continental Shelf (NCS), has been completed.Says wireline logging of Torvastad side-track well 16/2-20A has been completed and has confirmed encountered reservoir to be non-commercial.Says main well 16/2-20S explored Torvastad target located in PL501 immediately north of Johan Sverdrup discovery and was announced to have found water bearing Jurassic sandstone with oil shows.Says side-track well 16/2-20A was drilled 770 meter towards west to investigate presence of up-flank oil bearing Jurassic reservoir rock.Says well 16/2-20A found a 19-meter Cretaceous/upper Jurassic age sequence with poor reservoir properties above a water-bearing Jurassic sandstone sequence of about eight meters of moderate quality.Says expected thinning of lower Cretaceous/upper Jurassic sequence was not present and Jurassic reservoir sequence came in deeper than expected.Says comprehensive age dating of Jurassic reservoir rocks in wells 16/2-20S and 16/2-20A indicates Middle to Lower Jurassic age.Says well 16/2-20A was drilled to a total depth of 2,028 meters below mean sea level into basement rocks.Says Lundin Norway is operator in PL501 with 40 percent interest and the partners are Statoil Petroleum AS with 40 percent interest and Maersk Oil Norway AS with 20 percent interest.  Full Article

AP Moeller Maersk's Maersk Tankers utilizes option to order two MR vessels-Reuters
Monday, 10 Feb 2014 02:34am EST 

AP Moeller Maersk A/S:Says Maersk Tankers utilizes option to order two new build medium-range (MR) vessels from South Korean shipyard Sungdong Shipbuilding & Marine Engineering Co., Ltd.-Reuters.Says Maersk Tankers ordered four MR vessels with an option of further two vessels in Nov. 2013 – this option has now been utilized.Says the expected delivery of all six vessels is 2016 and 2017.The price of the vessels was not disclosed.  Full Article

Lundin Petroleum AB's subsidiary completes side-track well on Torvastad prospect on license shared with Statoil ASA and AP Moeller Maersk A/S' subsidiaries
Tuesday, 28 Jan 2014 02:08am EST 

Lundin Petroleum AB:Says its subsidiary Lundin Norway AS announced that side-track well 16/2-20A on Torvastad prospect on PL501, shared with Statoil ASA and AP Moeller Maersk A/S’ subsidiaries, in the North Sea sector of Norwegian Continental Shelf, is in the process of being completed.Says the well 16/2-20A has been drilled as a side-track 770 meters west of the main Torvastad exploration well 16/2-20S, to investigate the potential of an up-flank continuous Jurassic reservoir.Says the reservoir section has been cored with oil shows, but demonstrates poor reservoir quality.Says wireline logging is ongoing and preliminary results confirm the core observations and further wire-line logging is required to confirm the initial results.Says Lundin Norway is the operator of PL501 with 40 percent interest and the partners are Statoil Petroleum AS with 40 percent interest and Maersk Oil Norway with 20 percent interest.Says once the logging of the well has been completed, the Island Innovator rig will move to PL338 to drill the Edvard Grieg South East appraisal well 16/1-18.  Full Article

Maersk Broker may look at mergers as other shipbrokers do deals

COPENHAGEN - Major ship brokerage firm Maersk Broker is looking into possible mergers and joint ventures after a spate of deals in the broking industry which is gearing up for a revival in the international shipping business after a five-year downturn.

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