Hamburg Süd Remains Hamburg Süd
Hamburg Süd remains a commercially independent brand under new owner – Significantly greater product range through global service network – Own sales force provides unchanged level of care to Hamburg Süd customers. With yesterday’s (November 30) closing, the Hamburg Süd Group is now part of the Danish company Maersk Line and thus a subsidiary of the world’s market leader in container shipping. “Under this new umbrella, we can strengthen Hamburg Süd’s position worldwide in a challenging market environment, improve our market position, and offer our customers many advantages,” said Dr. Arnt Vespermann, new Chief Executive Officer (CEO) Hamburg Süd. Dr. Arnt Vespermann has been with Hamburg Süd for 18 years and a member of the Executive Board since 2009.
Maersk Drilling profits down to USD 116m Q1 2014
Maersk Drilling delivered a profit (NOPAT) of USD 116m (USD 146m) in the first quarter of 2014. The result was negatively impacted with USD 30m compared to the first quarter result last year mainly due to planned yard stays and the intake of two new rigs. “2014 is a year of execution in progressing on Maersk Drilling’s ambitious growth strategy. As expected our first quarter result is negatively impacted by planned yard stays and the intake of two new rigs in our fleet. However, it is positive to see that we still deliver a stellar operational performance with 97% uptime for the fifth consecutive quarter in a row, which proves the strength of our business and our ability to deliver on our long-term goal of USD 1bn by 2018,” says Claus V.
Maersk Drilling Name Two New Ultra-Deepwater Drillships
Maersk Drilling say that their second and third ultra-deepwater drillships have been named in a ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Lisa Lance, wife of Ryan M. Lance, chairman and chief executive officer, ConocoPhillips had the honour of naming Maersk Valiant, and Annell R. Bay, Vice President Global Exploration, Marathon Oil Corporation of naming Maersk Venturer. Maersk Drilling explain that the Maersk Valiant and Maersk Venturer are the second and third in a series of four ultra deepwater drillships to enter their rig fleet.
Maersk Drilling Name First Ultra-Deepwater Drillship
The new drillship was named 'Maersk Viking' by Mrs. Nathalie Newman, wife of Mr. Harry E. Newman Jr., ExxonMobil Global Drilling Manager in a ceremony at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Maersk Viking is the first in a series of four ultra deepwater drillships to enter Maersk Drilling’s rig fleet. The four drillships represent a total investment of USD 2.6bn and will be delivered from the SHI shipyard in late 2013 and 2014. After delivery from the yard and mobilisation to the US Gulf of Mexico…
Maersk Drilling Order Ultra-harsh Jack-up Rig
The new ultra harsh environment jack-up rig, 'XL Enhanced 4', is to be built at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea with delivery scheduled for mid-2016. The total project cost for the rig is USD 650m including a turnkey contract with the yard, owner furnished equipment, project management and capitalised interest. The contract with DSME includes priced options for delivery of up to two additional units with delivery in 2016/2017. The…
Jack-up 'Maersk Convincer' Malaysia Contract Extended
Petronas Carigali, the Exploration and Production subsidiary of Malaysia’s national oil company, has exercised its contractual right to extend the contract for the jack-up Maersk Convincer by one year. Consequently, the rig will be on contract with Petronas until mid-November 2014. As part of the drilling campaign offshore Malaysia the rig is expected to do High-Pressure-High-Temperature drilling and Under-Balanced drilling for which the rig is ideally suited. The estimated value of the one-year contract extension is approximately USD 54 million.
Newbuild Jack-up Rig Charter Exended
Maersk Drilling receives two-year term extension for newbuild jack-up rig 'XL Enhanced 2'. Det Norske Oljeselskap ASA (Det norske) has on behalf of the partners in the Ivar Aasen project, exercised its contractual right to extend the contract for the newbuild ultra harsh environment jack-up, XL Enhanced 2, by two years. Consequently, the duration of the firm contract is now five years. The estimated value of the two-year contract extension is approximately USD 280 million, bringing the total estimated contract value to approximately USD 700 million. Det norske has options to extend the contract up to a total of seven years. The rig is currently under construction at the Keppel FELS shipyard in Singapore.
Maersk Drilling Fast Out of the Blocks in 2013
Interim financial results for Q1 2013 show a strong start to 2013 by Maersk Drilling. With an increase in profit to USD 146 million in the first quarter of 2013 from USD 123 million in first quarter of 2012, Maersk Drilling has come off to a good start in 2013. The strong result – up by 19 % – is positively impacted by a solid operational performance across the entire rig fleet. “The performance in the first quarter of 2013 shows the strength and potential of our business. With a strong financial performance driven by solid operations we are back on track, and we reiterate our expectation of a higher result in 2013 compared to 2012. Our long term target remains intact with an ambition of delivering a profit of USD 1 billion by 2018,” says Claus V.
Maersk Drilling Profit $358-million in 2012, Eye on a Billion
Maersk Drilling release its financial summary statement for year 2012. With high contract coverage for the coming years and the delivery of seven new large rigs in 2013-2015, Maersk Drilling says it is on track towards to reach its target of a profit of USD 1 billion by 2018. The full year result for 2012 was, however, negatively impacted by costly start-up issues on two drilling rigs. Maersk Drilling’s profit for 2012 was USD 359 million compared to USD 488 million in the record breaking year 2011.
Maersk Drilling Reports Q3 2012 Less Profitable
In its interim third quarter financial report the company says it remains on track to attain its long-term profit target. Maersk Drilling’s profit in the third quarter 2012 was US$ 87-million compared to US$ 139-million in the third quarter of 2011. The latest quarterly result was negatively impacted by two delayed start-ups and maintenance yard stays for two drilling rigs. With the recent US$ 700-million contract for the second newbuild drillship and a high forward contract coverage…
Deepwater Drillship Off Angola Wins Accolade for Maersk
Maersk Drilling takes the first challenging step into deepwater drilling in West Africa, 'Maersk Deliverer' voted 'Rig of the Month'. Maersk Drilling has entered Angola for the first time and after only one full month in operation for Cabinda Gulf Oil Company Limited, local setup of Chevron Angola, the Mærsk Deliverer has been awarded 'Super Rig of the Month' amongst the six rigs the oil company is operating in Angola. West Africa, such as Angola, is believed to have one of the largest ultra deepwater oil reserves in the world…
