Ap Moller Holding News

When talk turns to fuel transition in the maritime sector, the conversation usually starts with: ‘yes, change is happening, but the majority of the world fleet continues to operate as it always has; with diesel fuel’ and ends with ‘change is being driven by a handful of pioneers: the big companies.’Enter Danish shipping giant A.P. Moller - Mærsk, one of the biggest and most innovative companies operating ships globally today, and its world’s first large methanol-enabled container vessel dubbed Ane Mærsk…

Denmark-based A.P. Moller - Maersk has launched a dedicated division to provide installation services to the growing offshore wind industry.Maersk Offshore Wind has been formed as a spin off from Maersk Supply Service (MSS), which was acquired by Norwegian offshore supply vessel company DOF Group in a $1.11 billion in a cash and stock deal.The newly formed company is owned by A.P. Moller Holding and currently has approximately 40 employees. It will market the Wind Installation Vessel (Maersk WIV) concept, developed by MSS.

The world’s first large methanol-enabled container ship has been named Ane Mærsk at a ceremony in the shipyard of HD Hyundai Heavy Industries in Ulsan, South Korea.The 16,000 TEU vessel is named after Ane Mærsk Mc-Kinney Uggla, the Chair of the A.P. Moller Foundation and A.P. Moller Holding. Ane’s eldest granddaughter served as godmother, and christened the vessel by breaking a champagne bottle over the bow.Ane Mærsk is the first of Maersk’s 18 large methanol-enabled vessels that will be delivered between 2024 and 2025.

Maersk on Wednesday announced it had entered into the shipping industry's first large-scale agreement for green methanol from China's Goldwind, and said production of green methanol was high on the political agenda in China.Shipping industry leader Maersk is investing in green fuels to power its fleet as it strives to reach net-zero emissions by 2040, while the shipping industry, responsible for 3% of global greenhouse gas emissions, aims for net-zero emissions by 2050."There's a lot of activity in China in this field for sure.

Offshore vessel owner Maersk Supply Service, A.P. Moller – Maersk,  and The Ocean Cleanup have agreed to extend their collaboration to complete the validation of the system by The Ocean Cleanup which is said to be able to consistently capture significant quantities of plastic from the ocean. The Ocean Cleanup, which has established the plastic capture system said the next step for The Ocean Cleanup is to validate the system from an engineering and ecological perspective, allowing it to demonstrate to governments…

C2X has signed a comprehensive framework agreement to accelerate the large scale production of green methanol in Egypt.The agreement relates to projects strategically located close to the Suez Canal and was signed with the General Authority for Suez Canal Economic Zone (SCZONE), the Egyptian New and Renewable Energy Authority, the Egyptian Electricity Transmission Company, and the Sovereign Fund of Egypt for Investment and Development.C2X is aiming to build, own, and operate assets to produce green methanol at scale, with A.P. Moller Holding as majority owner and A.P.

Maersk has teamed up with its majority owner to form a new company to produce "green methanol", the shipping company said on Thursday, as it held a naming ceremony for the world's first container vessel powered by the low-carbon fuel.Green methanol, produced either from biomass or captured carbon and hydrogen from renewable power, can reduce carbon dioxide emissions from container ships by 60% to 95% compared with conventional fossil fuels.With more than 100 container vessels capable of sailing on methanol on order…

A.P. Møller Holding A/S has acquired offshore vessel services firm Maersk Supply Service A/S from A.P. Møller – Mærsk A/S, through the closing of the previously announced transaction.In connection with the closing of this acquisition, A.P. Moller Holding has elected a new CEO and Board of Directors for Maersk Supply Service A/S. Christian M. Ingerslev will take over the Chief Executive Officer (CEO) position from Steen S. Karstensen, who has been at the helm of Maersk Supply Service since 2016.

Maersk has agreed to sell its offshore marine service provider Maersk Supply Service to family-owned holding company A.P. Moller Holding for $685 million, the Danish shipping giant said in a statement on Monday.The sale marks the completion of Maersk's strategic shift that began in 2016 away from energy towards focusing on its transport and logistics business, which included selling its oil exploration and production business in 2017."It marks the completion of our initial decision to divest all energy related activities and focus on truly integrated logistics…

Claus Gronborg has been appointed CEO of Maersk Product Tankers – one of the largest product tanker owners in the world.Gronborg takes over the leadership of Maersk Product Tankers on October 1 from Christian M. Ingerslev. Gronborg will remain Chief Investment Officer of Maersk Tankers and a member of the executive team.Ingerslev will continue as CEO of Maersk Tankers and become a member of the Maersk Product Tankers board of directors.As CEO of Maersk Product Tankers, Gronborg will be responsible for delivering the company’s fleet strategy…

BP and Maersk Tankers successfully completed trials using marine fuel blended with biofuel on tankers as efforts grow to tackle the shipping sector's greenhouse gas emissions.Global shipping accounts for around 3% of global carbon emissions. The sector is considered relatively hard to decarbonize because of a lack of alternatives to marine fuel.The trials were completed on two refined oil product carriers chartered to BP from Maersk Tankers - Maersk Cirrus and Maersk Navigator, BP said in a statement.Maersk Tankers is an independent company, owned by A.P.

Henrik Poulsen, CEO of offshore wind giant Ørsted, who recently announced his decision to step down after eight years with the firm, will join Denmark's maritime giant AP Moller Holding.The A.P. Moller Group comprises of A.P. Moller - Maersk, Danske Bank, Maersk Drilling, Maersk Tankers, Maersk Product Tankers, KK Wind Solutions and A.P. Moller Capital. A.P. Moller Holding is the parent company of the Group.Poulsen will join AP Moller Holding (APMH) as a Senior Advisor and member of its Investment Committee on February 1, 2021.

Several shipping industry executives have voiced their support for Maersk Tankers and are demanding government action to debark nearly 30 migrants from one of its tankers stranded off Malta.Maersk Tankers said its operated tanker Maersk Etienne has been stuck at sea since August 4 when its crew rescued 27 migrants from a wooden dinghy that had been adrift for days. Maltese, Tunisian, Italian and Libyan authorities have denied entry, leaving the migrants to sleep on mattresses and blankets on board…

A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry.The acquisition marks a new direction for the family-owned company, which has built its business on the shipping and oil industry.The parties declined to disclose the price of the deal. A.P. Moller Holding will buy KK Group, whose main activities are through KK Wind Solutions, from…

Maersk Tankers, owned by A.P. Moller Holding, uses the methodology Bunker Adjustment to distribute payments to pool partners based on the bunker consumption of their vessels compared to the pool average.The methodology has now been reviewed by Lloyd’s Register, confirming its conformity to recognised industry quality standards, said the product tanker company operating 164 vessels, one of the largest fleets in the product tanker industry.The Bunker Consumption methodology calculates how much fuel each pool vessel consumes in relation to the pool average and allows Maersk Tankers as a pool manager to distribute payments to pool partners accordingly…

Danske Bank's largest shareholder, the Maersk family, has ousted the lender's chairman after a money laundering scandal that has also forced out its chief executive.A.P. Moller Holding, which controls about 21 percent of the share capital in the bank, has nominated Karsten Dybvad, who currently heads the Confederation of Danish Industry, to replace Ole Andersen as chairman of Denmark's largest bank.The move is a rare example of Denmark's Maersk family, which controls shipping giant A.P. Moller-Maersk through A.P. Moller Holding, openly flexing its muscles to seek change at one of its investments."Danske Bank requires new leadership and changes to its board to strengthen its position as a leading Nordic bank," Robert Uggla, chief executive of family-owned A.P.

Maersk Tankers has appointed Morten Mosegaard Christensen as its new Chief Financial Officer (CFO).Christensen joins Maersk Tankers from Danske Bank where he serves as interim CFO and Chief of Staff. Previously, he has held leadership positions at Danske Bank, including Head of Group Finance and Head of Group Financial Management.He has long experience in finance in areas such as performance management, tax, cost control, accounting, business intelligence and capital management. He has also worked in strategy and business development at a senior management level. Christensen holds a PhD in Finance from the University of Southern Denmark.“Maersk…

Shipping group A.P. Moller-Maersk is likely to shelve plans to list its struggling offshore drilling division because of weak market conditions, according to five finance sources familiar with the matter.The Danish company is now expected to focus on a trade sale of Maersk Drilling, and extend the timeline to divest the unit beyond its initial target of the end of 2018, said the sources who declined to be named as the discussions are private.Maersk group has not publicly put a price tag on the division…

Jan Thorsgaard Nielsen, Senior Managing Director of Blackstone, is appointed Chief Investment Officer (CIO) of A/S. A P Moller Holding (APMH). APMH is a privately owned holding company and is the biggest shareholder in A P Moller-Maersk (APM), the Danish shipping giant. Jan T. Nielsen holds a Cand. Oecon. from Aarhus University, Denmark, and has been with Blackstone since 2005. He started working for Blackstone in London as an associate and was subsequently promoted to principal and Managing Director. During this time, Jan T. Nielsen was also involved in investments related to the Nordic market, including the investment in TDC and Merlin’s investment in the LEGOLAND Parks.

A.P. Moller-Maersk has agreed a $1.71 billion deal to sell its oil tanker division to its controlling shareholder, who in turn will enter an ownership consortium with Japan's Mitsui & Co. The Danish conglomerate last year embarked on a restructuring to focus on transport and logistics and last month sold its oil and gas business to Total in a $7.45 billion deal. Maersk said it will use the proceeds to reduce debt and that the sale, which it expects to close by next month, will have no impact on its financial guidance for 2017. A.P. Moller Holding, a wholly-owned fund established by the founder of A.P. Moller-Maersk with approximately $20 billion under management, will take ownership of Maersk Tankers through its subsidiary APMH Invest A/S.

A.P. Moller-Maersk's new chairman committed to automating its systems as the oil and shipping group steps up its drive to become more efficient and save costs at a time of low oil prices and declining freight rates. The more than 100-year-old conglomerate's digital push will mean that in theory, it should be as easy to book a container as booking an airline ticket, Chairman Jim Hagemann Snabe told Reuters shortly after he was elected. "We transport goods in the physical world and that won't change as we won't start beaming things around the world…

The grandson of Maersk Mc-Kinney Moller, who transformed A.P. Moller-Maersk into an international conglomerate, was on Monday appointed chief executive of the holding company behind the Danish shipping giant. The move sends a signal that the Maersk family will remain an active owner of the listed company, but it also distances the heir from daily operations, analysts said. Robert Maersk Uggla, 38, who has been CEO of Maersk-owned tug boat operator Svitzer since 2012, will take on the position as CEO of A.P. Moller Holding on Sept. 1., the company said. "Given the development of A.P.