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Tag Archives: Maersk

Maersk Drilling Awilco Drilling reports operational updates for 1Q 2015

COPENHAGEN: Maersk Drilling realized a profit of US$116 million during 1Q 2015 due to fleet growth and operational performance, despite two idle rigs. The result is attributed to new rigs that were added to Maersk’s fleet in 2014, all of which have shown good operational performance since commencing their contracts, reports Maersk. However, tendering activity for offshore drilling rigs was ... Read More »

Denmark’s Maersk ship releases including 24 members

COPENHAGEN: Danish shipping giant Maersk has confirmed that its container ship Maersk Tigris including its 24 crew members has been released by the Iranian authorities and is now on its way towards Jebel Ali near Dubai. The ship was seized by the Iranian authorities as it made its way through the Strait of Hormuz on April 28. “Maersk Line is ... Read More »

Shipping giant Maersk to pay $10mln to Pars Tala’eyeh Oil Products

TEHRAN: Managing-Director of Pars Tala’eyeh Oil Products Company Hamidreza Jahanian said the Marshall Islands-flagged trade ship, Maersk Tigris that was seized by the Iranian naval forces in the Persian Gulf earlier this week, has been kept in custody because it owes $10mln to his company. “Unfortunately, a number of containers sent by Pars Tala’eyeh Oil Products Company through the Maersk ... Read More »

Maersk Line Shipping Owes $10mln to Iranian Company

COPENHAGEN: Managing-Director of Pars Tala’eyeh Oil Products Company Hamidreza Jahanian said the Marshall Islands-flagged trade ship, Maersk Tigris that was seized by the Iranian naval forces in the Persian Gulf earlier this week, has been kept in custody because it owes $10 million  to his company. “Unfortunately, a number of containers sent by Pars Tala’eyeh Oil Products Company through the Maersk Line ... Read More »

Maersk to pay $3.6 million over a cargo spat

COPENHAGEN: Iran says a court has ordered A.P. Moeller-Maersk to pay $3.6 million over a cargo spat, the Danish company pleas for the crew of the Maersk Tigris to be released. Danish shipping group A.P. Moeller-Maersk on Thursday urged Iran to release the crew of a chartered cargo vessel seized by Iran over a 10-year cargo dispute with an Iranian ... Read More »

Maersk to pay $3.6 million over a cargo spat

COPENHAGEN: Iran says a court has ordered A.P. Moeller-Maersk to pay $3.6 million over a cargo spat, the Danish company pleas for the crew of the Maersk Tigris to be released. Danish shipping group A.P. Moeller-Maersk on Thursday urged Iran to release the crew of a chartered cargo vessel seized by Iran over a 10-year cargo dispute with an Iranian ... Read More »

Maersk Line’s 8,160 TEU container ship runs aground in the Suez Canal

COPENHAGEN: Maersk Line Boxship runs aground in the Suez Canal. Maersk Line’s  8,160 TEU containership Susan Maersk ran aground while travelling through the Suez Canal last weekend, Tradewinds reports. The company said that there had been no collisions, contrary to earlier rumours. “She was helped off the sand bank at 14hrs CET Sunday and has resumed her voyage,” Maersk Line ... Read More »

Denmark’s Moller-Maersk to cut 200 jobs, to reduce costs by 20% next 2 years

COPENHAGEN: The denamark Maersk’s official stated that the company will cut 200 jobs in its Maersk Oil unit due to a drop in the oil price in coming days. It will reduce the operating costs by 20 percent over the next two years, it said on Thursday. The cuts will fall in Maersk’s headquarters, Qatar and UK business locations, and ... Read More »

Maersk Line’s fuel consumption reduces to 40% since 2007

COPENHAGEN: Maersk Line has reduced its fuel consumption by almost 40 percent since 2007, said the company spokesman. The Danish oil and shipping giant aims to further reduce its fuel consumption by 60 percent, compared to 2007, by 2020. In 2013 alone, Maersk saved about 4.3 billion kroner compared to the year before thanks to improved fuel consumption measures. In ... Read More »

Denmark Maersk’s CEO sees price stagnation as no trouble

COPENHAGEN: The new CEO of AP Moller-Maersk, Nils Smedegaard Andersen who got appointed in 2007 said that he saw no huge changes in the maritime company share price. The company’s shareholders have seen only modest returns, despite extensive efficiency initiatives, divestitures and a major buyback of shares worth more than five billion kroner, Finans reports. “Maersk shares have in recent years ... Read More »

Maersk appoints Silvia Ding as company head in South China

BIEJING: Danish shipping company Maersk Line has appointed Silvia Ding as head of Maersk Line South China in Hong Kong, who will take charge from November 1. Ms Silvia Ding said that it is an honour for him to have this opportunity to lead Maersk Line South China. “South China is a key market for Maersk Line’s global business which ... Read More »