A.P. Moeller Expects Good 2001 Results

Thursday, March 29, 2001
A.P.Moeller, Denmark`s biggest private enterprise and owner of container line Maersk Sealand, expects higher 2001 earnings from its shipping activities as well as its oil and gas operations in the Danish part of the North Sea. "Reduced growth in the U.S. economy affects developments in container markets negatively. The result for the container activities, however, is expected to be higher than that of 2000, which was affected by the Sea-Land implementation," A.P. Moeller said in its financial statement. The group expects production of oil and gas in the North Sea to be approximately the same as in 2000. "But the result is expected to be better, partly due to lower depreciation costs," it said. The company reported 2000 shipping pre-tax profit of 4.37 billion crowns ($519 million) with oil and gas pre-tax profits at 4.27 billion crowns. The 2001 result for associated and other companies in the group was seen at the same level as in 2000, A.P. Moeller said. - (Reuters)
Maritime Reporter September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

NZ's Lyttelton Port Recommends Offer, to Pay Special Dividend

The board of New Zealand's  Lyttelton Port Co. Ltd recommended minority shareholders accept an offer of NZ$3.95 a share offer from the commercial arm of the Christchurch city council.

NYK Opens New Planning Center in Kumamoto

On September 1, 2014, NYK and Kozo Keikaku Engineering Inc. established a stowage planning center for container shipping at the Kumamoto office of Kozo Keikaku Engineering Inc.

Indian Investigators Drop Case Against Billionaire Birla

India's Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in

Finance

NZ's Lyttelton Port Recommends Offer, to Pay Special Dividend

The board of New Zealand's  Lyttelton Port Co. Ltd recommended minority shareholders accept an offer of NZ$3.95 a share offer from the commercial arm of the Christchurch city council.

A Boost for UK Offshore Drilling? DW Monday Muses

Drilling activity offshore UK is now expected to increase over the next few years as government and industry reacts to the recommendations in Sir Ian Wood’s report

MHI, IHI & DBJ Join Forces On Investments

Mitsubishi Heavy Industries, Ltd. (MHI), IHI Corporation and the Development Bank of Japan Inc. (DBJ) concluded a three-way formal agreement today on their respective

 
 
Maritime Careers / Shipboard Positions Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1559 sec (6 req/sec)