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New ExxonMobil CEO will expand and make a green mark

Offshore:

Business will be sped up at one of the world's largest oil companies after its former CEO has joined the Trump administration and a new chief executive takes over.


BY RITZAU FINANS
Published 03.03.17 at 11:19

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Most read Offshore

Maersk Drilling seen as next acquisition target

Maerskdrilling.jpg Offshore:

Transocean's acquisition of Songa Offshore is symptomatic of the acquisition wave in the sector, where many analysts view Maersk Drilling as the next major target. Transocean was allegedly also looking into Maersk Drilling, a company which even major players describe as a big mouthful.

Maersk Drilling gets warning after Norwegian inspection

Offshore:

Maersk Drilling has received a warning from the Norwegian authorities citing a breach in safety on one of the driller's rigs.

Transocean punished for biggest offshore deal of oil downturn

Offshore:

Investors did not take kindly to the news that Transocean had agreed to buy Songa Offshore in the biggest offshore drilling industry deal since the oil price plunge began three years ago.

Offshore crisis hits Singapore companies yet again

Offshore:

Ezion, another one of Singapore's offshore companies, has filed for insolvency, and trading of the company's shares has been suspended. Shipping service company Marco Polo's shares have been suspended since May, and the company's latest interim report does not bode well for the future.

Transocean buys Norway's Songa Offshore

Offshore:

US-based Transocean will acquire Songa Offshore, informs the Norwegian rig company. Several other parties have been interested in Songa, CFO Jan Rune Steinsland tells ShippingWatch.

Havila Shipping books large deficit for Q2

Offshore:

Havila Shipping suffered a triple-digit million loss NOK in the second quarter, a period which also brought a reduced operating profit. The offshore carrier settled a new debt agreement earlier this year which also strengthened its equity.

Current front page

Maersk Line missed out on growth in the container market

sørenskou2.jpg Container:

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.

Torm Executive Director eyes flat development in product tanker

Tanker:

Danish product tanker carrier Torm finished the second quarter this year with an operating profit of USD 36 million and a negative bottom line of USD 2 million in a challenging market.

Maersk Tankers books huge impairment on vessels

Container:

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.

Transocean punished for biggest offshore deal of oil downturn

Offshore:

Investors did not take kindly to the news that Transocean had agreed to buy Songa Offshore in the biggest offshore drilling industry deal since the oil price plunge began three years ago.

Offshore crisis hits Singapore companies yet again

Offshore:

Ezion, another one of Singapore's offshore companies, has filed for insolvency, and trading of the company's shares has been suspended. Shipping service company Marco Polo's shares have been suspended since May, and the company's latest interim report does not bode well for the future.

Here is an overview of the Maersk Group Q2 results

Carriers:

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.

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