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

MAERSKb.CO on Copenhagen Stock Exchange

10,040.00DKK
23 Feb 2018
Change (% chg)

kr.166.00 (+1.68%)
Prev Close
kr.9,874.00
Open
kr.9,930.00
Day's High
kr.10,090.00
Day's Low
kr.9,900.00
Volume
28,180
Avg. Vol
32,785
52-wk High
kr.14,260.00
52-wk Low
kr.9,768.00

Latest Key Developments (Source: Significant Developments)

Maersk Says Container Freight Rates So Far Outpace Oil Price Increases In Contract Renewals
Friday, 9 Feb 2018 05:52am EST 

Feb 9 (Reuters) - A.P. Moller-Maersk MAERSKB.CO::SAYS CONTAINER FREIGHT RATES IN CONTRACT RENEWALS HAVE SO FAR OUTPACED INCREASES IN OIL PRICE.  Full Article

Maersk Expects Global Container Demand To Increase 3-4 Pct In 2018
Friday, 9 Feb 2018 02:32am EST 

Feb 9 (Reuters) - AP MOELLER - MAERSK A/S ::A.P. MOLLER-MAERSK CEO SAYS SEES GLOBAL DEMAND FOR SEABORNE CONTAINER TRANSPORTATION TO INCREASE 3-4 PERCENT IN 2018 COMPARED TO AROUND 5 PERCENT IN 2017.A.P. MOLLER-MAERSK CEO SAYS Q4 2017 FREIGHT RATES WERE 7 PERCENT HIGHER THAN IN Q4 2016.A.P. MOLLER-MAERSK CEO SAYS IS STILL VERY OPTIMISTIC ABOUT THE FUNDAMENTALS OF THE CONTAINER SHIPPING INDUSTRY.A.P. MOLLER-MAERSK CEO SAYS WE CAN'T BE SATISFIED WITH 2017 RESULT; WE DON'T MAKE ENOUGH MONEY AND WE NEED TO DO BETTER.A.P. MOLLER-MAERSK CEO SAYS EXPECTS MORE CONSOLIDATION IN THE INDUSTRY.  Full Article

A.P. Moller-Mæersk Q4 Core Profit Lags Forecast
Friday, 9 Feb 2018 01:45am EST 

Feb 9 (Reuters) - A.P. Moller-Maersk ::CEO SAYS ‍FINANCIAL RESULT SHOWS THAT SIGNIFICANT IMPROVEMENTS ARE STILL NEEDED​.CEO SAYS ‍WE SUCCEEDED IN GROWING REVENUE BY 13%, IMPROVING CASH FLOW AND INCREASING UNDERLYING PROFITS FROM A LOW 2016 BASE​.EXPECTS AN UNDERLYING PROFIT ABOVE 2017 ‍​.EXPECTS 2018 EARNINGS BEFORE INTERESTS, TAX, DEPRECIATION AND AMORTISATION (EBITDA) IN THE RANGE OF USD 4.0-5.0BN‍​.SAYS THE BOARD OF DIRECTORS IN A.P. MØLLER - MÆRSK A/S PROPOSES AN ORDINARY DIVIDEND OF DKK 150 PER SHARE CORRESPONDING TO A DIVIDEND YIELD OF 1.4%.Q4 REVENUE $8.2‍ BILLION VERSUS $8,03 MILLION SEEN IN REUTERS POLL.Q4 EBITDA $‍​844 MILLION VERSUS $896 MILLION SEEN IN REUTERS POLL.SAYS STRUCTURAL SOLUTIONS FOR MAERSK DRILLING AND MAERSK SUPPLY SERVICE ARE EXPECTED BEFORE THE END OF 2018‍​.2017 NET LOSS $1.16 ‍​ BILLION VERSUS $1.34 BILLION NET LOSS SEEN IN REUTERS POLL.SAYS GLOBAL CONTAINER DEMAND GREW AROUND 5% IN 2017; GROWTH IN Q4 SLOWED DOWN‍​.  Full Article

Statoil's Sverdrup field now seen profitable even if oil drops below $20
Wednesday, 7 Feb 2018 01:37am EST 

Feb 7 (Reuters) - Statoil Asa ::‍BREAK-EVEN FOR FULL-FIELD DEVELOPMENT OF JOHAN SVERDRUP HAS BEEN IMPROVED TO BELOW USD 20 PER BARREL​.REPEATS SVERDRUP ‍PHASE 1 IS EXPECTED TO START UP IN LATE 2019​.‍JOHAN SVERDRUP DEVELOPMENT IS NOW NEARLY 70% COMPLETE, WHICH IS ACCORDING TO PLAN, AND INVESTMENT COSTS ARE CONTINUING ITS POSITIVE TREND​.‍PHASE 1 OF PROJECT IS CURRENTLY ESTIMATED AT NOK 88 BILLION (CAPEX NUMBERS IN NOMINAL TERMS BASED ON FIXED CURRENCY), WHICH AMOUNTS TO A REDUCTION OF NOK 35 BILLION OR CLOSE TO 30 PERCENT SINCE PLAN FOR DEVELOPMENT AND OPERATION (PDO) WAS APPROVED IN FEBRUARY 2015​.‍SINCE PDO FOR FIRST PHASE WAS SUBMITTED RANGE OF FULL-FIELD RESOURCE ESTIMATE HAS IMPROVED FROM 1.7-3.0 BILLION TO NOW 2.1-3.1 BILLION BARRELS OF OIL EQUIVALENTS​.  Full Article

Maersk And IBM To Form Joint Venture Applying Blockchain To Improve Global Trade And Digitize Supply Chains
Tuesday, 16 Jan 2018 07:00am EST 

Jan 16 (Reuters) - International Business Machines Corp ::MAERSK AND IBM TO FORM JOINT VENTURE APPLYING BLOCKCHAIN TO IMPROVE GLOBAL TRADE AND DIGITIZE SUPPLY CHAINS.IBM - ‍MAERSK AND IBM HAVE NAMED MICHAEL J. WHITE, FORMER PRESIDENT OF MAERSK LINE IN NORTH AMERICA, AS CEO OF NEW COMPANY​.IBM - UPON REGULATORY CLEARANCE, SOLUTIONS FROM JOINT VENTURE EXPECTED TO BECOME AVAILABLE WITHIN SIX MONTHS.IBM - AIM OF NEW CO WILL BE TO OFFER A JOINTLY DEVELOPED GLOBAL TRADE DIGITIZATION PLATFORM DESIGNED FOR USE BY ENTIRE GLOBAL SHIPPING ECOSYSTEM.IBM - NEW COMPANY WILL BE HEADQUARTERED IN NEW YORK METROPOLITAN AREA.IBM - NEW CO INITIALLY PLANS TO COMMERCIALIZE TWO CORE CAPABILITIES AIMED AT "DIGITIZING GLOBAL SUPPLY CHAIN FROM END-TO-END".IBM - CORE CAPABILITIES THAT NEW CO INITIALLY PLANS TO COMMERCIALIZE INCLUDE A SHIPPING INFORMATION PIPELINE & PAPERLESS TRADE.IBM - ADDITIONAL GOVERNMENT AUTHORITIES, INCLUDING SINGAPORE & PERUVIAN CUSTOMS, WILL EXPLORE COLLABORATING WITH JV PLATFORM TO FACILITATE TRADE FLOWS.IBM - GLOBAL TERMINAL OPERATORS APM TERMINALS AND PSA INTERNATIONAL WILL USE JV PLATFORM TO "ENRICH" PORT COLLABORATION AND IMPROVE TERMINAL PLANNING.  Full Article

Maersk Drilling Is Awarded Contract Extension By Total
Tuesday, 19 Dec 2017 09:06am EST 

Dec 19 (Reuters) - A.P. MOLLER-MAERSK ::MAERSK DRILLING IS AWARDED CONTRACT EXTENSION BY TOTA.Maersk Drilling HAS BEEN AWARDED A CONTRACT EXTENSION FOR THE JACK-UP RIG MAERSK INTREPID BY TOTAL E&P NORGE AS..THE RIG HAS BEEN ON CONTRACT FOR TOTAL ON THE MARTIN LINGE FIELD IN THE NORWEGIAN PART OF THE NORTH SEA SINCE 2014 AND THIS CONTRACT HAS NOW BEEN EXTENDED FOR ANOTHER FIRM 196 DAYS WITH OPTIONS FOR ADDITIONAL 61 DAYS.  Full Article

Maersk divests stake in Egyptian Drilling Company for $100 mln
Monday, 18 Dec 2017 10:02am EST 

Dec 18 (Reuters) - MAERSK DRILLING, UNIT OF A. P. MOLLER-MAERSK MAERSKB.CO, SAYS:IT AND AND EGYPTIAN GENERAL PETROLEUM CORPORATION EGPC HAS SIGNED AN AGREEMENT WHEREBY EGPC WILL ACQUIRE A.P. MOLLER - MAERSK'S 50 PERCENT SHAREHOLDING IN EGYPTIAN DRILLING COMPANY EDC FOR 100 MILLION DOLLARS IN AN ALL-CASH TRANSACTION.FOLLOWING THE TRANSACTION EGPC WILL BECOME SOLE OWNER OF EDC AND WILL AS PART OF THE AGREEMENT TAKE OVER THE ENTIRE PORTFOLIO, OBLIGATIONS AND RIGHTS .  Full Article

Aker Solutions wins $120 mln order from Maersk Drilling
Wednesday, 13 Dec 2017 02:00am EST 

Dec 13 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS WINS MODIFICATIONS CONTRACT FROM MAERSK DRILLING.WON AN ORDER FROM MAERSK DRILLING TO MODIFY PRODUCTION MODULE ON MÆRSK INSPIRER JACK-UP RIG FOR REPSOL-OPERATED YME OILFIELD OFFSHORE NORWAY​.‍ORDER IS VALUED AT ABOUT 1 BILLION NORWEGIAN CROWNS ($120.01 million) AND WILL BE BOOKED IN Q4​.‍WORK ON PROJECT IS SET TO START IMMEDIATELY AND CONCLUDE AT END OF 2019​.  Full Article

Aker BP restarts production on Tambar Field following Maersk Interceptor accident ​
Tuesday, 12 Dec 2017 09:47am EST 

Dec 12 (Reuters) - Aker Bp Asa ::PRODUCTION RESUMES ON TAMBAR.‍ON TUESDAY, PRODUCTION STARTED UP AGAIN ON TAMBAR FIELD FOLLOWING ACCIDENT ON MAERSK INTERCEPTOR ON 7 DECEMBER​.‍PETROLEUM SAFETY AUTHORITY NORWAY AND POLICE ARE INVESTIGATING ACCIDENT​.  Full Article

Maersk Line completes the divestment of Mercosul Line‍​
Friday, 8 Dec 2017 02:40pm EST 

Dec 8 (Reuters) - A.P. MOLLER-MAERSK :MAERSK LINE COMPLETES THE DIVESTMENT OF MERCOSUL LINE‍​.MERCOSUL DEAL WAS SUBJECT TO BRAZIL REGULATORY APPROVAL AND CLOSING OF HAMBURG SÜD ACQUISITION, BOTH HAVE NOW BEEN FINALISED‍​.  Full Article

EU mergers and takeovers (Feb 23)

BRUSSELS, Feb 23 The following are mergers under review by the European Commission and a brief guide to the EU merger process: