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Skou: Maersk's credit rating will determine acquisitions and payouts

CEO Søren Skou says that Maersk's credit rating will not be put at risk with major acquisitions or the plan to send some of the proceeds from the sale of Maersk Oil to Total back to its shareholders.

Photo: Bloomberg.
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It is crucial for Maersk to maintain its credit rating, which has been lowered by several of the major rating bureaus in recent months, reiterates Maersk CEO Søren Skou in an interview with Financial Times.

In December, Moody's decided to lower Maersk's credit rating to BAA3, a step above a junk rating. Standard & Poor's has also said it might lower its current rating of Maersk, which is two steps from a junk rating.

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Norden books "fantastic" second-quarter result

Foto: PR / Norden

Product tanker and dry bulk company Norden bags a result for the second quarter that the carrier itself describes as ”fantastic.” CEO Jan Rindbo says this is due to the ”exceptional” product tanker rates, according to a financial statement.

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