Latest news from Heavy Lift & Project Forwarding International Magazine

Maersk's finances fall

February 9 - A.P. Møller-Mærsk's annual report for 2016 reveals a net loss of USD1.9 billion compared to a USD925 million profit in 2015.

Maersk Group ceo, Søren Skou, said: "2016 was a difficult year financially, with headwinds in all of our markets."

Skou added that the loss was largely impacted by post-tax impairments totalling USD2.7 billion in Maersk Drilling and Maersk Supply Service, "as a consequence of significant over-supply and reduced long-term demand expectations".

Maersk adds that despite significant cost optimisation initiatives, Maersk Drilling and Maersk Supply Service were severely impacted by continued large scale cost reductions and project cancellations in the oil industry and the large inflow of new capacity over the last years. 

Revenue, across all eight of A.P. Møller-Mærsk's businesses, dropped to USD35.5 billion (from USD40.3 billion in 2015), which the company claims is predominantly due to lower average container freight rates and lower oil prices.

According to A.P. Møller-Mærsk, its priorities for 2017 remain on integrating its transport and logistics businesses, reducing costs in APM Terminals and Damco, closing the Hamburg-Süd acquisition, as well as progressing the work on finding structural solutions for its oil and oil-related businesses. 

Skou expects the company to deliver an improvement in its underlying profit for 2017, aiming to exceed USD1 billion.

Heavy Lift | News

Jan De Nul secures Kriegers Flak work thumbnail image

Jan De Nul secures Kriegers Flak work

August 16 - Jan De Nul Group will transport and install 72 Siemens wind turbine generators – with a capacity of 8.4 MW each – for the Kriegers Flak offshore wind farm in Denmark.
Views: 451
The scrubber solution for GHG emissions thumbnail image

The scrubber solution for GHG emissions

August 16 - Advocates of exhaust gas cleaning systems (EGCS) are championing the use of the technology as a way to reduce global CO2 emissions, as well as complying with the looming IMO sulphur 2020 regulations.
Views: 366
Easter takes on Daseke interim CEO role thumbnail image

Easter takes on Daseke interim CEO role

August 16 - Chris Easter has been appointed interim ceo of North American specialised transport provider Daseke following the retirement of Don Daseke.
Views: 383
SAL Heavy Lift Day returns thumbnail image

SAL Heavy Lift Day returns

August 15 - The fourth SAL Heavy Lift Day will be held at the Steigenberger Hotel in Hamburg on September 18, 2019.
Views: 723

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.