Maersk deficit of 540 million dollar

The global economic crisis had a severe negative impact on the activities of the A.P. Moller - Maersk Group. The net result for the first half of 2009 was a loss of 540 million dollar, compared to a profit of 2.5 billion dollar in the same period of 2008

"The A.P. Moller - Maersk Group is still financially strong despite the fact that the economic crisis has developed worse than we anticipated. The financing of our newbuilding programme is essentially in place and we have engaged in a number of saving initiatives and postponed investments. But even more importantly, most of our business units are doing better than the market. We therefore have a strengthened believe that we will emerge as a stronger company on the other side of the crisis", says Nils S. Andersen, Group CEO of the A.P. Moller - Maersk Group.

The result for the second quarter was slightly better than announced, as the result, excluding impairment losses and write-downs of USD 200 million, was positive by USD 33 million.

Freight rates and volumes for the Group's container shipping activities were 30% and 7%, respectively, below the same period of 2008, and average rates for the tanker activities were considerably lower than in the first half of 2008.

The average lower crude oil price had a negative impact on the oil and gas activities, which was partly offset by an 8% increase in the Group's share of oil and gas production.

Gains on sale of ships, rigs, etc. were USD 79 million, compared to USD 735 million in the same period of 2008.

Segment results Million dollar

Container shipping and related activities:

- 96 APM Terminals

172 Tankers, offshore and other shipping activities

178 Oil and gas activities

504 Retail activity

149 Shipyards, industrial companies, Danske Bank

- 32

"The result for the second half of 2009 is expected to be at the same level as the first half year. The outlook for the remainder of 2009 is subject to considerable uncertainty, not least due to the development in the global economy. Specific uncertainties relate to the development in container freight rates, transported volumes, the USD exchange rate and oil prices", the management says in a statement.

Source: A.P. Moller - Maersk

EMRI A/S

Sponseret

50 års jubilæum

Relateret indhold

07.11.2024Maritimedanmark.dk

DFDS er i modvind: Indtjeningen falder

07.11.2024Maritimedanmark.dk

Christiania Shipping afslutter købet af Navquim Holding

23.10.2024Caverion Danmark A/S

Sponseret

Forfremmelse: Ny afdelingsleder til Sikringsafdelingen i Caverion Danmark

22.10.2024Blue Atlas Robotics ApS

Sponseret

SH Defence og Blue Atlas Robotics lancerer nyt strategisk partnerskab.

15.10.2024Maritimedanmark.dk

Maersk Air Cargo udvider i Billund

07.10.2024Maritimedanmark.dk

Cadeler vil have Thomas Thune Andersen i bestyrelsen

27.09.2024Maritimedanmark.dk

Ny HR-chef i DanPilot

19.09.2024Maritimedanmark.dk

Sprængfarligt skib passerer dansk farvand

Jobmarked

Se alle

Bliv opdateret med maritimedanmark.dk

Tilmeld dig nyhedsbrevet fra den maritime branche. Vi leverer nyhedsoverblikket og fagligheden, gode jobtilbud og faglige events. Hver dag,

Se flere temaer

Events

Se alle
RelyOn
Kursus
STCW - Advanced Fire Fighting (afholdes løbende)

At the end of the course the participant shall be able to use the principles for on-site management of available resources of personnel and material and shall be able to plan and exercise fire drills onboard a vessel.

Dato

30.05.2024

Tid

08:30

Sted

Uglviggårdsvej 3, Esbjerg Ø, 6705, Denmark

RelyOn
Kursus
STCW -Proficiency in Survival Craft and Rescue Boats other than Fast Rescue Boats (afholdes løbende)

After completion of the course, the delegate must meet the qualification requirements in accordance with the STCW Code Table A-VI/2-1 Target Group: Persons to be included as the ships operating crew who must operate liferafts, lifeboats and man-over-board boats. Course Contents: Operation and construction of: - Liferafts - Lifeboats - Man-over-board boats - Life saving appliances Life-saving first aid, haemorrhage, shock and hypothermia.

Dato

16.09.2024

Tid

20:30

Sted

Uglviggårdsvej 3, Esbjerg Ø, 6705, Denmark

RelyOn
Kursus
STCW - Combined Boat Training Basic (afholdes løbende)

To give the delegates knowledge and skills needed to safely crew survival vessels. After completion of the course, the delegate will meet the qualification requirements in accordance with the STCW Code Table A-VI/2-1 and Table A-VI/2-2

Dato

16.09.2024

Tid

20:30

Sted

Uglviggårdsvej 3, Esbjerg Ø, 6705, Denmark

RelyOn
Kursus
STCW - Fire Prevention and Fire Fighting Refresh (afholdes løbende)

To refresh previous gained knowledge obtained in STCW VI/1-2 basic safety training Course Contents: Limitation of fire hazards, Maintenance of emergency contingency, Behavior in situations involving fire, Extinguishing fire.

Dato

16.09.2024

Tid

20:30

Sted

Uglviggårdsvej 3, Esbjerg Ø, 6705, Denmark

RelyOn
Kursus
STCW - Advance Fire Fighting Refresh (afholdes løbende)

To refresh previous gained knowledge obtained in STCW advanced fire fighting certficate. Course Contents: - Special fire conditions - Management functions and principles - Extinguishing techniques - Emergency Contingency

Dato

16.09.2024

Tid

20:30

Sted

Uglviggårdsvej 3, Esbjerg Ø, 6705, Denmark

RelyOn
Kursus
STCW - Proficiency in Fast Rescue Boats (afholdes løbende)

To give the deligate the knowledge and skills needed to safely crew an FRB. The course is acording to STCW-95, table A-VI/2-2.

Dato

16.09.2024

Tid

20:30

Sted

Uglviggårdsvej 3, Esbjerg Ø, 6705, Denmark