DENMARK'S AP Moller-Maersk's five-year plan of focusing on four core strategic businesses is already paying off, according to group CEO, Nils Smedegaard Andersen Since the strategy was launched the company has committed more than US$12 billion in investments in Maersk Oil and Gas, Maersk Drilling, Maersk Line and APM Terminals.
AP MOLLER MAERSK chief executive Nils Smedegaard Andersen, 53, was clearly back at work with the announcement of Danish shipping giant's quarterly results after he spent more than four months on medical leave following heart surgery.
Tug Fairmount Sherpa has safely delivered rig GSF Arctic I in Las Palmas. The rig has been towed from offshore Rio de Janeiro, Brazil, to Las Palmas de Gran Canaria, Spain. GSF Arctic I is a semi-submersible drilling rig for deepwater operations, owned by Houston based Transocean.