Maersk Vice CEO Steps Down After Energy Exit
Danish conglomerate A.P. Moller – Maersk informed that Claus V. Hemmingsen steps down as Vice CEO of the group. The company's energy division, which was headed by him, will also be shut down."The Energy division will close down latest by the end of June 2019, and Claus Hemmingsen will subsequently leave A.P. Moller – Maersk, after nearly 40 years in service," said a company statement.The Group has successfully concluded the separation of Maersk Tankers, Maersk Oil and Maersk Drilling as part of the transformation initiated in 2016 to focus A.P.
A.P. Moller-Maersk Accelerates Transformation
Progress on the transformation of A. P. Moller - Maersk continued in 2018. Customers benefited from integrated offerings, digital solutions and robust network improvements. Since 2016, the topline has grown by 43%, to $39bn in 2018, an additional $12bn in turnover.“In 2018, we made significant progress in implementing our strategy. With the expected demerger and listing of Maersk Drilling in April, the separation of our Energy-related businesses will be almost complete. We have successfully integrated Hamburg Süd…
Maersk Shares Fall on Trade War Fears
The world's largest container shipping company, A.P. Moller-Maersk, warned trade headwinds would slow growth this year, sending its shares down 10 percent on Thursday.Maersk is also moving ahead with spinning off Maersk Drilling, announcing it expected its new listing in Copenhagen to begin trading on April 4.Maersk, a bellwether for global trade, warned that growth in the number of containers being moved around the world would deteriorate further this year.It expected global container growth of 1-3 percent in 2019…
Maersk Rig Contracted to Aker BP
Maersk Drilling and Aker BP have agreed to a new two-year contract to reactivate and quickly deploy jack-up rig Maersk Reacher in the Norwegian part of the North Sea.Maersk Reacher will be deployed as an accommodation rig, with the option of repurposing the rig for plugging & abandonment for the final phase of the contract. The rig is expected to commence operations in its new role by October, 2018.The flexible contract is agreed upon in continuation of the alliance between Maersk…
Esvagt Appoints Peter Lytzen as CEO
Esvagt, the dedicated provider of safety and support at sea, has appointed Peter Lytzen as CEO with effect from 1 September 2018.Peter brings over 30 years’ experience and has held numerous senior positions in the offshore industry. Most recently, Peter was a member of the Executive Committee of Teekay Offshore and CEO of Teekay Petrojarl.Prior to this, Peter was Vice President of Maersk Drilling, responsible for their Floating Production activities, and Project Director at Maersk Oil for a number of projects in the North Sea.
Maersk to Pursue Separate Listing of Maersk Drilling
Danish shipping company A.P. Moller-Maersk has decided to pursue a demerger with its offshore drilling operation Maersk Drilling via a separate listing of Maersk Drilling on Nasdaq Copenhagen in 2019.Maersk Drilling will become a stand-alone company next year as its parent company continues its exit from the oil and gas business.Having evaluated the different options available for Maersk Drilling, A.P. Moller – Maersk has concluded that listing Maersk Drilling as a standalone company presents the most optimal prospects for its shareholders…
Maersk Drilling Axes Dozens of Staff
Maersk Drilling USA is laying off 84 employees who work aboard the Maersk Viking (UDW drillship), located in the Gulf of Mexico, and report directly to the company’s office in Houston, Houston Chronicle reported quoting data sent to the Texas Workforce Commission (TWC). The employees, who received notification of the layoffs on Jan. 12, report to the company's office at 2500 CityWest Boulevard. They will continue to work for the next two months until their employment is terminated, according to the WARN notice.
Maersk Drilling to Pilot GE’s Marine Data Analytic Tools
GE and Maersk Drilling have partnered for a data analytic-driven pilot project that aims to increase Maersk’s drilling vessels’ productivity and reduce maintenance costs by up to 20 percent. The two companies have collaborated to deploy SeaStream Insight, GE’s latest innovation in marine asset performance management, powered by Predix. The pilot project will be carried out on one of Maersk Drilling’s XLE rigs and will last for 12 months. Currently, the project has reached its first milestone, with data collected from the rig currently being processed and analyzed online.
Maersk Supply Service Names Karstensen CEO
Steen S. Karstensen has been appointed CEO of Maersk's offshore services arm, Maersk Supply Service, with effect from October 24. Karstensen comes from a position as Chief Procurement Officer and takes over from Jørn Madsen, who was recently appointed CEO of Maersk Drilling, effective November 7. Karstensen joined the Maersk Group in 1986 and has had led a 30-year-career with the company in procurement, logistics, supply chain, in-house consultancy and other cross-functional areas.
Maersk Drilling Slashing 140 Norway Jobs
Maersk Drilling, a unit of Danish conglomerate A.P. Moller-Maersk, will cut up to 140 jobs in Norway due to lack of work for two rigs, the drilling company said. The jack-up rigs Maersk Gallant and Maersk Inspirer are expected to have finished their jobs in August and December respectively and negotiations are under way with the employees' union, a spokeswoman said. Maersk Galant is currently hired by France's Total while Maersk Inspirer is hired by Norway's Statoil. The job cuts correspond to four percent of Maersk Drilling's total workforce.
ISS Launches new Partner Solution Initiative
Inchcape Shipping Services (ISS), the world's leading maritime and logistics service provider, is introducing a new Partner Solutions initiative to develop and deliver added value for customers across the globe. ISS Partner Solutions will focus on the company acting as a sub-contractor to new and existing agency partners looking to instantly increase their reach and range of services for customers. Built on a solid service delivery foundation and transparent engagement model, ISS Partner Solutions will deliver cost savings to partners and customers through access to ISS’ global office network…
Semco Maritime wins order for Expansion of Maersk Guardian
Semco Maritime entered into an agreement with Maersk Drilling for the expansion of accommodation rig Maersk Guardian, which will be inserted at various fields in the Danish part of the North Sea from September 2016. The order for Semco Maritime comprises installation of new accommodation blocks as a supplement to existing quarters on the jack-up rig. Semco Maritime won the order in an open tender with several Danish and foreign participants. Head of Semco Maritime’s rig division…
Maersk Q3 Profit Falls
Danish shipping and offshore energy conglomerate, Maersk Group, kept a reduced forecast made two weeks ago for a 2015 underlying profit of $3.4bn, down from the $4.0bn previously expected. The Danish shipping giant said on Friday that lower oil prices and lower average container freight rates had hurt its earnings. The Maersk Group – and especially Maersk Line – was severely impacted by continued low economic growth and significant market imbalances. Global container demand is expected to have grown by 0-1%, whereas the global container fleet grew by almost 9%.
Timoteo’s First Steps on the Bridge
Rising from more than 25 years of civil war starts with education, equipping Angolans not just for their current jobs, but also for the rest of their careers and lives. Meet two Maersk colleagues who are taking part in the rise of their country. Note: This story originally appears in the Maersk Post. From the bridge of the Maersk Winner, Dario Timoteo looks out across Luanda’s bay as the sun dips towards the Atlantic. He has dreamt of this moment and after many years of study and work, it has become a reality.
Maersk Drilling Navigates Low Market Visibility
Maersk Drilling delivered a profit of USD 218m (USD 117m) in the second quarter of 2015. The result was positively impacted by continued strong operational performance, fleet growth, general cost savings and a USD 29m payment related to the divestment of the Venezuelan activities in 2014. The result was negatively impacted by three rigs being idle. The underlying profit for the quarter was USD 189m (USD 117m) generating a ROIC of 10.6% (7.2%). “We are very pleased with the result given the adverse market conditions.
'80s Brain Drain Haunts Today’s Offshore Layoffs
Companies struggle to balance cost-cutting with skills retention. If you can’t accept the rollercoaster of employment that is the offshore industry, adding and shedding jobs like clockwork through its cyclical ups and downs, don’t get on for the ride. That cold bucket of reality is repeated like a mantra across the industry. Job security and highly paid offshore employment are like mixing oil and water. The emulsion will keep hold for a while until it eventually falls apart when oil prices disintegrate. It’s a pattern industry veterans know well.
Zambelli appointed CCO, Maersk Drilling
Ana Zambelli, currently Managing Director for Subsea Operations at Transocean, will take up the role as Chief Commercial Officer (CCO) in Maersk Drilling. She will start 1 June 2015 reporting directly to CEO Claus V. Hemmingsen. Ana Zambelli will assume the position as CCO after Martin Fruergaard, who after 25 years in the Maersk Group, six of them as CCO for Maersk Drilling, will leave Maersk Drilling. “Martin has for more than 25 years served the Maersk Group in various positions…
ABS Selects Board of Directors, Advisory Council & Members
At the 152nd Annual Meeting of the Members of ABS, industry leaders were elected to serve on a number of bodies that contribute to the operation of the classification society as it fulfills its mission of promoting the security of life and property and preserving the natural environment. •Christopher J. •Michael L. •Dr. Peter H. •Richard D. •John A. •William E. •Philip J. •Craig H. •Dean E. •Elizabeth D. •Douglas C. •Vikki M. •Derek S. •Joseph O. •William T. •Captain Spyros N. Karnessis, Chairman, European Navigation Inc. •Stephen Y. K. Pan, Chairman, World-Wide Shipping Agency Ltd. •Spyros M.
Durkin Appointed COO of Maersk Drilling
Angela Durkin from Baker Hughes will join Maersk Drilling as new Chief Operating Officer (COO). She will assume her new role 1 May 2015 taking over from Jørn Madsen and report directly to CEO Claus V. Hemmingsen. “We are very pleased that Angela Durkin will join Maersk Drilling. Angela brings vast experience with her from Baker Hughes, and with her technical competencies and enormous international experience from an oilfield service provider in the drilling industry, she is just the right fit for Maersk Drilling.
New CEO for Evergas
Mr. Jacobsen joined Evergas 1 February 2015 as Vice President, Fleet after almost 35 years in Maersk. He brings a wealth of leadership experience in both commercial and technical management, having amongst other positions headed Maersk Tankers fleet management for 9 years. Before that he held both operational and commercial leadership positions in Maersk Tankers, Maersk Contractors and Maersk Drilling. The Chairman of Jaccar Holdings Mr. Jacques de Chateauvieux says "I wish to…
Mærsk Putting Valuable Experience to Good Use
The Mærsk Deliverer rig team has initiated seven local acceleration programmes in Angola. The goal is to train and develop local talent to take on increasingly challenging positions on-board the rig. To do so, experienced employees play a key role. In 2014, the rig team on Mærsk Deliverer initiated seven local acceleration programmes as part of a localisation plan focusing on employing, training and educating local talent in Angola. The experienced offshore employees have worked closely with the rig team to get the local acceleration programmes up and running.
Maersk Convincer gets 1 yr More
Petronas Carigali, the Exploration and Production subsidiary of the national oil company in Malaysia, has extended the contract for the jack-up rig Maersk Convincer by one year. Consequently, the rig will be on contract with Petronas until mid-November 2015. The estimated revenue potential from the one-year contract extension is USD 56 million. “We are very pleased to continue working with Petronas Carigali and see this extension as a further strengthening of our relationship.
Maersk to Invest Billions, Reap Savings, but No Cash for Shareholders
Denmark's A.P. Moller-Maersk said on Wednesday it would invest billions of dollars in new ships, reap hundreds of millions in savings and announced valuable contracts for its drilling rigs. But shares of the world's largest container shipping company fell more than 3 percent, partly because it failed to announce any of the initiatives the market had anticipated for its investor day in Copenhagen. Analysts had hoped that Maersk would say it had sold a big oil asset in Angola, which would have cut future capital investments, or unveil an increase in its payments to shareholders.
Mærsk Deliverer's Contract extended
Cabinda Gulf Oil Company Limited, a Chevron subsidiary in Angola, has extended the current contract for the ultra deepwater semi-submersible Mærsk Deliverer expiring in June 2015 by two years. Mærsk Deliverer has since 2012 been working for Chevron and its partners on the Tombua Landana field offshore Angola. With the contract extension the rig will be on contract until June 2017. The estimated revenue potential from the two-year contract extension is USD 387m plus compensation for cost escalations over the contract period.
Maersk Interceptor Named in Norway
In a ceremony held at GMC Marine Partners yard in Mekjarvik in Norway, Mrs. Anita Utseth, Senior Vice President in Det norske oljeselskab ASA (Det norske) had the honour of naming the ultra harsh environment jack-up rig Maersk Interceptor. Maersk Interceptor is the second in a series of four ultra harsh environment jack-up rigs to enter Maersk Drilling’s fleet. The four jack-up rigs represent a total investment of USD 2.6bn. Maersk Interceptor will commence a five year firm contract with Det norske for drilling the Ivar Aasen field in the Norwegian North Sea in December 2014.
Maersk Offshore Service Units to Cut Head Office Jobs
A.P. Moller-Maersk's oil industry service companies Maersk Drilling and Maersk Supply Services, are to cut staffing at their Danish head offices due to the slump in oil prices. Oil companies and as a result the firms servicing them, have slashed spending and cut jobs since crude oil prices have fallen by over 50 percent since July last year. Maersk Drilling said on Wednesday it would cut 90 positions, 20 percent of the workforce at its main office, while sister company Maersk Supply Services will cut 30 jobs at its head office, where it employs some 200 people.