Maersk plans to keep raising money with bonds

"We're absolutely determined to stay investment grade," Maersk CFO Jakob Stausholm tells Bloomberg, after observers such as Danske Bank have warned that Maersk is at risk of being downgraded to a junk rating.

Maersk Group is looking to stay investment grade, and the group will thus continue to raise fresh capital by issuing bonds as the effort to separate the energy activities moves forward.

In other words, the group is betting on avoiding a junk rating, which parties including Danske Bank have warned that Maersk could be headed towards, citing Maersk Line's exposure in the dire container market.

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

Oil service firm loses nearly USD 60 million in three months

Norway's PGS still suffers under the Covid-19-stricken oil market, delivering yet another financial report with enormous red figures on the bottom line. The deficit is smaller than in Q3 2020, however, when PGS lost more than a quarter billion dollars.

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Further reading

Related articles

Trial banner

Latest news

See all jobs