China's First Home-built Aircraft Carrier Begins Sea Trials
China’s first domestically built aircraft carrier headed out for sea trials on May 13, Chinese state media reported. The report said that the new aircraft carrier, temporarily named Type 001A, sailed out at around 7 a.m. in Dalian, in the northeast province of Liaoning. The Chinese Navy — officially the People’s Liberation Army Navy — already has one operational carrier, the Liaoning, which it bought unfinished from Ukraine after the collapse of the Soviet Union. So, the 50,000-tonne ship will become the country's second aircraft carrier…
Maersk Tanker Unit to Wind Down Customer Agreements in Iran
Danish oil product tanker operator Maersk Tankers, part of shipping group A.P. Moller-Maersk, said on Wednesday it would wind down its customer agreements in Iran by November following new U.S. sanctions on Tehran."We will perform customer agreements entered into before May 8 and ensure that they are wound down by November 4, as required by the re-imposed U.S.
Maersk Revenue Up 30% YOY in Q1
In Q1 2018, A.P. Moller - Maersk had a revenue growth of 30% to USD 9.3bn, 10% excluding Hamburg Süd, with growth in all business segments and a strategic transformation well underway. A.P. Moller - Maersk reiterates its expectations for 2018 of an underlying profit above 2017 (USD 356m), however noting increased uncertainties due to geopolitical risks, trade tensions and other factors impacting freight rates, bunker prices and rate of exchange. “In the first quarter of 2018, we reported a 30% revenue growth and the integration of the business is well underway with a successful start to the Hamburg Süd integration and the closing of Maersk Oil transaction in March with an accounting gain of USD 2.6bn.
Joint Agreement Signed by AP&M Field Services, Rolls-Royce
AP&M Field Service and Rolls-Royce Naval Marine Inc have entered into a Teaming Agreement to focus efforts on supporting Ship Transfer programs for the U.S. Navy. The program will combine the expertise of Rolls-Royce Naval Marine in servicing of shipboard Allison 501 generator sets and propeller propulsion systems with AP&M Field Services LM2500 shipboard service capabilities. A contract to support the four-ship, KIDD Class transfer program for the Republic of China (Taiwan) Navy was awarded to Rolls-Royce in May. Rolls-Royce will maintain overall program management, while AP&M Field Services provides on-site project management and LM2500 technical service.
Nolan Tapped to Take Over as TOTE CEO
Tim Nolan has been named the next president and CEO of U.S. domestic ocean carrier TOTE Inc., parent company Saltchuk announced today. TOTE is the parent company to TOTE Maritime and TOTE Services.Nolan, who is currently president of TOTE Maritime Puerto Rico, will succeed retiring president CEO Anthony Chiarello who will step down July 16 after eight years at the helm.Nolan has been with the TOTE family of companies since 2013. He will remain in Jacksonville, Fla., as TOTE’s…
AP Moller Unit Orders $300M Oil Rig
Oil and shipping conglomerate A.P. Moeller has placed a $300 million order with a South Korean shipyard for a new jack-up oil rig for its Maersk Drilling unit. Officials declined to give the name of the shipyard. The order may signal that the strengthening of crude oil prices in the past year has sparked increased exploration activity globally, analysts said, noting that Denmark-based A.P. Moeller's Maersk Drilling had last taken delivery of a new jack-up oil rig 10 years ago.
AP Moeller Expects Higher Profits in 2001
According to the company, AP Moeller expects that its full-year group profits to be higher than the nearly $1.2 billion booked in 2000. AP Moeller operates Maersk-Sealand - one of the world's largest containershipping lines, and is also a North Sea oil and gas producer. - (Reuters)
Transas Secures Order For Maersk fleet
Transas Scandinavia AB has been awarded a large order to supply the A.P. Moller ship owning companies with an extensive ECDIS package. According to the contract signed with INFOCOM Systems A/S (Infocom), a technology company in the A.P. Moller Group, Transas will provide 160 Maersk vessels with a dual Navi-Sailor 2400 ECDIS (Electronic Chart Display and Information System) complete with Radar Overlay, a full world folio of Transas electronic charts and a subscription to the chart correction service. Transas has also been contracted to supply the weather forecast software, Weather Wizard, onto each ship, as well as the necessary Transas computers and Hatteland displays. In addition to the onboard equipment range, the Transas delivery package will comprise an office ECDIS system for the A.P.
Transas Wins Huge A.P. Moller Deal
Transas Scandinavia AB has won a large order to supply the A.P. Moller ship owning companies with an extensive ECDIS package. According to the contract signed with INFOCOM Systems A/S (Infocom), a technology company in the A.P. Moller Group, Transas will provide 160 Maersk vessels with a dual Navi-Sailor 2400 ECDIS (Electronic Chart Display and Information System) complete with Radar Overlay, a full world folio of Transas electronic charts and a subscription to the chart correction service. Transas has also been contracted to supply the weather forecast software, Weather Wizard, onto each ship, as well as the necessary Transas computers and Hatteland displays. In addition to the onboard equipment range, the Transas delivery package will comprise an office ECDIS system for the A.P.
Cruise Line Execs Carpeted by Senate Committee
The presidents of Carnival Cruise Lines and Royal Caribbean International defended their industry and their practices to senators following two recent high-profile fires that damaged ships, reports AP. In February, Carnival’s ship Triumph was left without power in the Gulf of Mexico after an engine room fire. Thousands of passengers endured squalid conditions while the ship was towed to Mobile, Alabama. Citing Carnival Cruise Lines President Gerald Cahill evidence to the Senate Committee on Commerce, Science and Transportation, AP reported that Carnival is working to add more emergency generators to its two dozen ships as well as to install newer sprinkler systems.
New Chairman of the Board of Directors at A.P. Møller
Mærsk A/S informs that at its Board of Directors’ meeting today Mr. Mærsk Mc-Kinney Møller announced that he will retire as Chairman of the Board of A.P. Møller - Mærsk A/S December 15, 2003 and simultaneously retire from the Board.As new Chairman of the Board of Directors of A.P. Møller - Mærsk A/S Mr. Michael Pram Rasmussen was elected with effect as of that same date. The Board and Mr. Mærsk Mc-Kinney Møller consider Mr. Pram Rasmussen as especially suited for that important office.Mr. Møller will remain Chairman of The A.P. Møller and Chastine Mc-Kinney Møller Foundation, Chairman of Odense Steel Shipyard Ltd. and will remain as member of a few Boards, including Mærsk Olie og Gas AS.Mr. Møller will remain partner of the Firm of A.P. Møller and Mr.
Thygesen Named CEO of Svitzer
Henriette H. Thygesen, currently Damco CEO for the Americas, has been appointed CEO of Svitzer with effect from September 1. Thygesen, who joined Maersk Group in 1994, has been with the group for 22 years, of which the last nine with Damco. She has previously worked for Maersk Tankers and Maersk Oil and prior to her current role, she was VP and CEO for Damco in North Asia, based in Hong Kong. She holds a Master of Science, a PhD in Applied Mathematics, and an Executive MBA from Columbia University, New York and London Business School. Svitzer’s current CEO, Robert M.
Maersk Heir Takes Top Post in Holding Company
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.
Venezuelan Navy Compels Seismic Research Ship to Enter Port
The 285-ft U.S.-chartered oil exploration ship 'Teknik Perdana' seized by the Venezuelan navy in Caribbean waters disputed with neighbouring Guyana was escorted into port at Venezuela's Margarita Island on Sunday, reports AP. Quoting Venezuelan authorities, AP said the ship's 36 crew members, including five U.S. citizens and two Brazilians, would be held on board while an investigation continued. AP note that Adm. Angel Belisario Martinez told local station Union Radio that the research ship was conducting unauthorized scientific work in Venezuela's exclusive economic zone and the case had been turned over to prosecutors. Source: The Associated Press
A.P. Moller - Maersk Employs MAN Diesel Engines
A.P. Moller - Maersk has ordered 18 × MAN B&W 6S80ME-C9 engines for a series of container ships. All of the engines will be built by HHI-EMD, Hyundai’s engine division, with 13 going to Hyundai’s Ship Building Division (HHI-SBD), and the remaining five to Hyundai Samho Heavy Industries (HSHI). The two yards will deliver the newbuilding, 4,500-TEU container ships to A.P. Moller - Maersk during 2011-2012.
A.P. Møller - Mærsk Q1 Pre-tax Profit Plunge
A.P. Møller - Mærsk Q1 2012 reports plunge in pre-tax profit, sees slightly lower 2012 result Denmark-based conglomerate A.P. Moeller-Maersk A/S reported a plunge in first-quarter pre-tax profit to 8.48 billion Danish kroner from 15.03 billion Danish kroner last year, reports RTT News. In US Dollar terms, pre-tax profit amounted to $1.50 billion, a 46% drop from the prior year's $2.75 billion. However, profit for A.P. Moller - Maersk's share was 6.15 billion Danish kroner, higher than 6.08 billion Danish kroner a year earlier. Quarterly revenue totaled 81.25 billion Danish kroner, up 3% from 79.11 billion Danish kroner a year before. For 2012, the A.P. Moller - Maersk Group expects a result slightly lower than the level reported in 2011.
Hanjin Heavy Receives Containership Orders
Hanjin Heavy Industries & Construction Co. received an order to build two container vessels from A.P. Moeller-Maersk A/S for $124m. The vessels will each carry 3,100 20-ft. standard containers and will be delivered by the end of September 2009 to A.P. Moeller. Hanjin Heavy exceeded its goal to secure orders amounting to $1.5b with the A.P. Moeller-Maersk A/S contract. The dockyard has an order backlog to build about 50 ships valued at about $4.6b. (Source: Bloomberg)
MHI to Change Name of Group Company
Effective November 1 Mitsubishi Heavy Industries, Ltd. (MHI) will change the name of its group company in Singapore from Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES) to Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. (MHI-AP). The name change comes in tandem with the addition of business development functions. As the business management hub in the Asia-Pacific region, MHI-AP will promote business development and EPC (engineering, procurement and construction), targeting further expansion of global business operations.
Horizon Lines Extends Maersk Agreements
Horizon Lines Extends Commercial and Operating Agreements With AP Moller Maersk Group Shipping and logistics company Horizon Lines Inc. said Monday it renewed and extended commercial and operating agreements with Denmark's AP Moller Maersk Group through 2010. Financial terms of the deals were not disclosed. The agreements include cargo space charters, terminal services, equipment sharing, and sales agency services, which had been set to expire in 2007. source: AP
Mærsk Strengthens Executive Board
In line with the strategic direction announced in September 2016 A.P. Møller - Mærsk A/S has made significant progress in focusing the future business on container shipping, ports and logistics. To further accelerate the development of customer oriented end-to-end transportation and logistics solutions the Board of A.P. Møller - Mærsk A/S today announces that it is strengthening the management of the company by appointing the Chief Operating Officer, Chief Commercial Officer as well as the CEO of APM Terminals to the Executive Board.
Maersk to Split Into Two Divisions
It's oficial now. Danish conglomerate A.P. Moeller-Maersk A/S said Thursday it is splitting into two separate units - transport and energy businesses. Denmark’s biggest company moves ahead with an historic shake-up of the conglomerate to generate growth, as it battles with the worst shipping downturn in years and a historic oil-price rout. "As announced on 23 June 2016, the Board of Directors has tasked the management of A.P. Møller - Mærsk A/S to perform a review focusing on the strategic and structural options for the Maersk Group with the objective of generating growth…
Management Changes at A.P. Moller - Maersk A/S
As from December 1, 2007 Nils Smedegaard Andersen (CEO of Carlsberg A/S) will take up the position as Group CEO of A.P. Moller - Maersk A/S and withdraw from the Board of Directors of A.P. Moller -Maersk A/S. At the same date Jess Søderberg will resign as Group CEO of A.P. Moller - Maersk A/S. Originally Jess Søderberg was supposed to retire in 2009. With the advanced management change the Board of Directors has wished to clarify the future management relations and thus keep a constant drive in the company. By choosing Nils Smedegaard Andersen the Board also wishes to add new yet experienced capacity, which jointly with the other members of the management, will constitute a strong team to lead on A.P. Moller - Maersk A/S and create further development and higher profitability.
Maersk Likely to Shelve Plans to List Drilling Division
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…