Maersk Chairman: Company Could Be Split Up
A. P. Moller-Maersk's chairman says that the Danish shipping and oil conglomerate could be split up in several companies, after it on Thursday appointed the head of its container business as new chief executive. "The question is whether we should be a large group…
Maersk Could Lose Qatar field, its Largest Oil Asset
Denmark's A.P. Moller-Maersk said for the first time on Wednesday there was a risk it could lose its largest oil producer, a 300,000 barrel per day Qatari field, and may not replace the production by buying other assets. Chief Executive…
First ORC Operation on Maersk Vessel
The newly developed waste heat recovery system "Hydrocurrent Organic Rankine Cycle (ORC) Module 125EJW" 1 by MHI Marine Machinery & Engine Co., Ltd. (President: Kazuo Soma, Head Office: Nagasaki) has begun operation on the vessel named Arnold Maersk belonging to Maersk Line.
Maersk, Qatargas Ink LNG Propulsion Deal
The world’s largest LNG exporter Qatargas has signed a technical collaboration agreement with the Maersk Group to explore opportunities related to the use of LNG marine propulsion. It is estimated that the use of LNG propulsion can lead…
Qatar, Maersk and Shell in LNG Marine Fuel MoU
Qatar and Royal Dutch Shell have agreed to develop liquefied natural gas (LNG) as a marine fuel for use by the world's largest container shipping company, A.P. Moller-Maersk, Qatargas said in a statement on Monday. Qatargas, the world's largest LNG producer…
Iran Uses Maritime Confrontations to Project Power in Gulf
Iran is using its sea power in the Gulf to show it will not be cowed by Washington's newly assertive Arab allies, prompting critics to accuse Tehran of destabilising the region. Iranian ships fired shots at a Singapore-flagged tanker which it said damaged an Iranian oil platform…
Maersk CEO: Firm Ready to Invest in Oil Fields
Danish shipping and oil group A.P. Moller-Maersk on Tuesday reported a third-quarter net profit above forecasts and kept its full-year profit guidance. "We are very pleased with the results. "In general, in times with tougher competition and pressure on competitors' earnings…
Maersk to Invest Billions, Reap Savings, but No Cash for Shareholders
Denmark's A.P. Moller-Maersk said on Wednesday it would invest billions of dollars in new ships, reap hundreds of millions in savings and announced valuable contracts for its drilling rigs. But shares of the world's largest container shipping company fell more than 3 percent…
Maersk Triple-E Ships Upgrade with Hull Performance Solutions
Jotun, the global leader in marine antifouling coatings, has signed a landmark agreement with Maersk Line to supply Hull Performance Solutions with SeaQuantumX200 for the Triple-E new build project. The Triple-Es are the world’s largest…
Maersk and U.S. Navy Collaborate on Biofuels
Maersk and the U.S. Navy collaborate on biofuel initiative. Maersk and the U.S. Navy are testing algae-based biofuel on the container ship Maersk Kalmar. The ship is en route from Northern Europe to India. Maersk Kalmar has two key attributes…
