ShippingWatch

Maersk Drilling has lost USD 2.6 billion in market value in one year

Saturday will mark one year since Maersk Drilling was listed on the stock exchange. The share has so far gone down by 73,9 percent, and the company is facing a market in the doldrums with voided contracts after big drops in the oil price. The company held its general assembly today, Thursday.

Maersk Drilling blev noteret på Københavns Fondsbørs 4. april 2019. Det var dermed kulminationen på udskillelsen fra Maersk. | Photo: Handout/Reuters/Ritzau Scanpix

There has so far not been much to be pleased about for the shareholders since Maersk Drilling's management one year ago pushed the button and put the company on the stock exchange.

Since the first day of trading, on April 4, 2019, the share has gone down 73,9 percent from its opening price of DKK 570 (USD 83.5). This corresponded to a market value of DKK 23.9 billion.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs