ShippingWatch

Maersk Drilling down USD 448 million in market value in a month

Maersk Drilling has been listed as an independent company for a month. In that time, the share price has gone down 13 percent in a market that is generally strained for rig operators, analyst tells ShippingWatch.

Photo: PR-foto

Only 30 days have passed since Maersk Drilling was listed, and since then the company has lost DKK 3 billion, or USD 448.3 million, of its market value.

As such, the listing has likely not developed quite as expected for Maersk's former drilling company, which has been listed as an independent company at Nasdaq Copenhagen as The Drilling Company of 1972.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Eurotunnel accuses DFDS of unfair competition on English Channel

Getlink, which owns the railroad service Eurotunnel under the English Channel, accuses ferry operators DFDS and P&O ferries of having struck an unfair deal on the Dover-Calais route in terms of competition. DFDS CEO Torben Carlsen rejects the accusation to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs