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.
DENMARK's AP Moller-Maersk CEO chief executive Nils Smedegaard Andersen, 53, faces more heart surgery and six to eight more weeks of sick leave after been laid up for three months, reports Reuters.
Container lines may miss their peak-season targets on Asia-US routes as
orders for backpacks, sneakers and flatscreen televisions fall below
expectation.
A.P. Moller-Maersk A/S, the biggest container line, is set to order 10 of the world’s largest cargo- box ships, according to three people familiar with the situation.
The container shipping arm of A.P. Moller-Maersk Maersk Line, sees a well-balanced market, as global capacity is forecast to grow 9 percent this year, a senior executive said.
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.