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Results fluctuate at Maersk Energy's business units

Maersk Drilling and Maersk Supply Service both reported higher revenue in the first three months of 2018, while Maersk Drilling's operating profitslipped. Maersk Energy's result increased almost tenfold after the sale of Maersk Oil.

Photo: PR-foto: Maersk Drilling og Maersk Supply Service

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Maersk Line installed a "sleeping partner" in Tunisia

Maersk Line has had a "sleeping partner" in Tunisia, although authorities require foreign companies to partner with domestic players in an active, local co-ownership. Now, Maersk Line has had to establish a new joint venture taking over the role of Maersk Tunisie.

Meldgaard: Crude tankers cannibalizing product market

The downturn for crude oil tankers, where rates are extraordinarily low, has become a major problem for the product tanker operators. Torm Executive Director Jacob Meldgaard expects that the pressure from the supertankers could continue for a while yet, he tells ShippingWatch.

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