Hemmingsen: Maersk Drilling is hit by a perfect storm

The oil market and thus also Maersk Drilling are in the midst of "the perfect storm" that will have a big impact on the sector, said Chairman Claus V. Hemmingsen at the company's general assembly Thursday. The share price development is not satisfactory, he said.

Claus Hemmingsen var i dag eneste formelle repræsentant fra Maersk Drilling-topledelsen på selskabets generalforsamling. | Photo: Casper Holmenlund Christensen/Jyllands-Posten/Ritzau Scanpix

2020 will be far from an easy year for the oil industry, which is currently hit by a perfect storm of coronavirus and a collapsed oil price, said Chairman Claus V. Hemmingsen on Maersk Drilling's general assembly today, Thursday.

The coronavirus outbreak had already pushed the general assembly from venue KB Hallen in Copenhagen to the company's headquarters in Lyngby north of the Danish capital. Here the chairman was the only formal representative of the company's top management.

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