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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's sale of Tankers unit completed
Tuesday, 10 Oct 2017 10:56am EDT 

Oct 10 (Reuters) - A. P. MOLLER-MAERSK MAERSKB.CO:SAYS SALE OF MAERSK TANKERS HAS BEEN COMPLETED AND THE SHARES IN MAERSK TANKERS HAVE BEEN TRANSFERRED TO APMH INVEST​.‍SAYS THAT AS PREVIOUSLY STATED THE ACCOUNTING IMPACT OF THE TRANSACTION WILL BE IMMATERIAL AND WILL HAVE NO IMPACT ON A. P. MOLLER-MAERSK'S FINANCIAL GUIDANCE FOR 2017​.  Full Article

Maersk Drilling sees deepwater rig demand rise in Southeast Asia, wins contract
Thursday, 5 Oct 2017 10:08am EDT 

Oct 5 (Reuters) - MAERSK DRILLING ::MAERSK DRILLING SAYS SEMI-SUBMERSIBLE MAERSK DELIVERER HAS BEEN AWARDED A NEW CONTRACT BY JX NIPPON WITH AN ESTIMATED DURATION OF 30 DAYS.THE CONTRACT COVERS THE DRILLING OF ONE WELL."WE SEE AN INCREASE IN DEMAND FOR DEEPWATER RIGS IN THE SOUTHEAST ASIAN MARKET, AND THIS IS A GREAT OPPORTUNITY TO GET CLOSER TO DEEPWATER CUSTOMERS IN THE REGION," SAYS LARS OSTERGAARD, CHIEF COMMERCIAL OFFICER OF MAERSK DRILLING.SINCE APRIL LAST YEAR, MAERSK DELIVERER HAS BEEN WARM STACKED IN NAMIBIA.MAERSK DELIVERER IS THE FIFTH RIG THAT MAERSK DRILLING HAS REACTIVATED FROM WARM STACKING WITHIN THE PAST EIGHT MONTHS .  Full Article

Petrofac secures training management services contract from Maersk Oil
Wednesday, 27 Sep 2017 03:42am EDT 

Sept 27 (Reuters) - Petrofac Ltd :SECURED TRAINING MANAGEMENT SERVICES CONTRACT FROM MAERSK OIL IN RELATION TO NORTH SEA HIGH PRESSURE HIGH TEMPERATURE DEVELOPMENT, CULZEAN​.‍TWO-YEAR AGREEMENT, WITH A FURTHER ONE YEAR OPTION TO EXTEND, WAS AWARDED FOLLOWING COMPETITIVE TENDER​.‍UNDER CONTRACT, CO WILL DELIVER TRAINING ACROSS A WIDE RANGE OF SUBJECTS, INCLUDING HSE, SURVIVAL, FIRE AND MARINE​.  Full Article

Rowan is said in talks to acquire Maersk's drilling business which may be valued at about $4 billion - Bloomberg
Monday, 25 Sep 2017 11:42am EDT 

Sept 25 (Reuters) - :Rowan is said in talks to acquire Maersk's drilling business which may be valued at about $4 billion - Bloomberg, citing sources.  Full Article

Rowan is said in talks to acquire Maersk's drilling business - Streetinsider, citing Bloomberg
Monday, 25 Sep 2017 10:53am EDT 

Sept 25 (Reuters) - :Rowan is said in talks to acquire Maersk's drilling business - Streetinsider, citing Bloomberg.  Full Article

Maersk sells tanker unit to controlling shareholder; Mitsui to enter ownership consortium
Wednesday, 20 Sep 2017 02:44am EDT 

Sept 20 (Reuters) - A.P. MOLLER-MAERSK MAERSKB.CO SAYS::HAS ENTERED INTO AN AGREEMENT TO SELL SHARES IN MAERSK TANKERS A/S (MAERSK TANKERS) TO APMH INVEST A/S (APMHI) FOR $1.17 BILLION ON A DEBT AND CASH-FREE BASIS.APMHI IS A 100% OWNED SUBSIDIARY OF A.P. MOLLER HOLDING A/S WHO IS CONTROLLING SHAREHOLDER OF APMM.HAS BEEN INFORMED THAT APMHI IS PLANNING TO SUBSEQUENTLY ESTABLISH AN OWNERSHIP CONSORTIUM FOR MAERSK TANKERS' FLEET WITH MITSUI & CO. LTD.PROCEEDS FROM DISPOSAL WILL BE USED BY APMM TO REDUCE DEBT.TRANSACTION HAS NO IMPACT ON APMM'S FINANCIAL GUIDANCE FOR 2017.  Full Article

Cosco Shipping Ports unit enters into MOU with APM Terminals
Monday, 11 Sep 2017 04:49am EDT 

Sept 11 (Reuters) - Cosco Shipping Ports Ltd <1199.HK>:MOU in relation to sale & purchase of about 76 percent of issued share capital of APMTZ for EUR35.0 million .Proposed acquisition of interest in APM Terminals Zeebrugge NV.Unit entered into a legally binding MOU with APM Terminals.APM terminals will acquire from SIPG shares followed by sale of SIPG shares with shares held by APM terminals to CSPD.APM terminals informed company that its original acquisition costs of sales shares amount to about EUR89.8 million in total.  Full Article

BRIEF-Cosco Shipping Ports unit enters into MOU with APM Terminals
Monday, 11 Sep 2017 04:49am EDT 

Repeats item with no changes to text:MOU in relation to sale & purchase of about 76 percent of issued share capital of APMTZ for EUR35.0 million .Proposed acquisition of interest in APM Terminals Zeebrugge NV.Unit entered into a legally binding MOU with APM Terminals.APM terminals will acquire from SIPG shares followed by sale of SIPG shares with shares held by APM terminals to CSPD.APM terminals informed company that its original acquisition costs of sales shares amount to about EUR89.8 million in total.  Full Article

Maersk's APM Terminals sells share in Brazil port
Tuesday, 5 Sep 2017 02:17am EDT 

Sept 5 (Reuters) - A. P. MOLLER-MAERSK'S PORT OPERATOR APM TERMINALS SAYS:SELLS ITS 5 PERCENT SHARE IN TERMINAL DE CONTÊINERES DE PARANAGUÁ (TCP) TO CHINA MERCHANTS PORT HOLDINGS 0144.H.THE SHARE SALE WAS INITIATED AND LED BY ADVENT, WHO IS THE CONTROLLING SHAREHOLDER OF TCP.PRICE AND TERMS WERE NOT DISCLOSED AND THE SHARE SALE IS SUBJECT TO THE NORMAL REVIEWS AND CONDITION PRECEDENTS.THE EXIT REFLECTS THE COMPANY’S BROADER PORTFOLIO MANAGEMENT STRATEGY TO FOCUS ON CORE ASSETS AND DIVEST NON-CORE ASSETS.  Full Article

Statoil plans further cost cuts at giant Sverdrup oilfield
Monday, 4 Sep 2017 06:55am EDT 

Sept 4 (Reuters) - Statoil Executive Vice President Margareth Oevrum told Reuters on Monday::Statoil has an "internal target" to further cut the cost of developing the first phase of the Johan Sverdrup oilfield in the North Sea.Statoil earlier on Monday announced the first phase of Sverdrup had been cut by 5 billion Norwegian crowns ($640.80 million) on top of earlier reductions nL8N1LL0BE.  Full Article

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Offshore rig firms see end to worst downturn in history

OSLO Demand for offshore rig rental globally is starting to recover from its worst ever downturn, led by oil firms' growing demand for harsh-environment exploration and triggering multi-billion dollar tie-ups among drillers hoping to profit, executives said.