Maersk Group

The Maersk Group is a worldwide conglomerate and operates in some 130 countries with a workforce of over 89,000 employees. In addition to owning one of the world’s largest shipping companies, Maersk is involved in a wide range of activities in the shipping, logistics, and the oil and gas industries. Maersk's five core businesses can be found below.
Maersk Line, APM Terminals, Svitzer, Maersk Tankers, Maersk Supply Service, DAMCO, Maersk Drilling, Maersk Oil

Rivals fear Maersk supremacy in new digital era

Maersk is leading the charge in the impending digital revolution which is aimed at saving the shipping industry billions of dollars. However, many people fear that Denmark's shipping behemoth is building a lucrative monopoly.

Maersk has now scrapped six ships in India

Maersk Group has now sent six vessels to be scrapped in the coastal area of Alang in India. The first two vessels arrived last year, while more vessels from the Sealand series have arrived this year.

Maersk: Scrubbers are costly and allow for cheating

Maersk sees many good reasons for not using scrubbers as the way to comply with the approaching global sulfur directive. Poor economy and a risk of cheating are just two such reasons, says Marc Refsø Holm, Leader of the US Fuel Desk at Maersk Oil Trading.

"It's very difficult for us to resolve this issue"

Poland carries most of the responsibility for ensuring that North Korean labor is not used at the country's shipyards, says Secretary General Christophe Tytgat of Sea Europe. MEPs addressed the issue last year.

Rowan said to be in talks to acquire Maersk Drilling

Houston-based oilfield services company Rowan Cos. is allegedly in talks to acquire the Maersk Group's drilling business. Maersk Drilling has also attracted attention from other offshore drilling companies, sources say.

APM Terminals sells stake in Zeebrügge

APM Terminals has decided to sell it stake in the Port of Zeebrügge in Belgium. The buyer is a familiar entity currently making its foray into European ports.

Maersk, Euronav, and the Onassis Foundation behind new global forum

Danish Maritime Forum has been given new life as the Global Maritime Forum, backed by prominent names such as A.P. Moeller-Maersk, Euronav, the Onassis Foundation, and PSA. "The maritime industry needs a shared platform to tackle collective challenges, " says Paddy Rodgers, CEO of Euronav.

Inspector fired just a few months prior to Maersk wreck

Important knowledge was lost when a key employee was fired before the incident in which two Maersk Supply Service Vessels sank, notes a researcher of maritime safety – but the carrier denies that cost cutting played a part in the wreck.

Borr Drilling gets green-light on Norwegian IPO

Recently launched Norwegian rig company Borr Drilling has been granted permission for a listing on the Oslo Stock Exchange, even though the company has only existed for one year. Normally, a company must be three years old before it can hit the stock exchange.

Maersk Tankers far behind competitors

One of the next companies to be spun off from Maersk Group, Maersk Tankers, made a tactical error in the latest quarter, acknowledges CEO Christian Ingerslev to ShippingWatch. This led to a significantly bad result.

Maersk Line missed out on growth in the container market

CEO Søren Skou was unable to deliver what analysts, competitors, and undoubtedly shareholders had expected. The carrier has lost market shares at what looks like the worst possible time, observers note. Fully in line with expectations, says Skou.

Here is an overview of the Maersk Group Q2 results

Maersk Line grew, benefiting from a strengthened container freight market, while major impairments at Maersk Tankers and APM Terminals dragged the group's overall results down. And the hacker attack came at a high price.

Maersk Tankers books huge impairment on vessels

The Maersk Group's product tanker carrier, Maersk Tankers, lost more than USD 483 million in the second quarter, a deficit that pulls the group into the red. Port unit APM Terminals also booked impairments related to several ports.

Maersk Line achieved USD 339 million profit in Q2

The world's largest container carrier, Maersk Line, achieved a USD 339 million profit in the second quarter. Freight rates are up 22 percent compared to last year, while impairments in other business units dragged down the group's overall result into the red.

Analysts have high expectations for Maersk results

The Maersk Group is about to release a strong interim report, in which Maersk Line's profits in particular will boost the overall results, note several analysts who add that this looks like CEO Søren Skou's last chance to prove that his plan is working.

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