Hemmingsen: Divestment is a relatively quick transaction

For Denmark as well as for Maersk Group, the divestment of Maersk Oil to Total was the right solution, says the CEO of the Energy division Claus Hemmingsen to ShippingWatch. There were many inherent uncertainties in a listing, he says.

Photo: Maersk Drilling

It was the right solution for Maersk Group and for Denmark to sell Maersk Oil instead of listing the division, which had been one of the other options for the oil company, says Claus Hemmingsen.

Hemmingsen is senior vice president of Maersk and CEO of Maersk Energy, and he spoke with ShippingWatch on the day of the group's announcement that Maersk Oil had been sold to French Total.

Read the whole article

Get 14 days free access.
No credit card required.

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

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs