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Maersk intends to sell oil and gas business or independent operation

  • Author:Stander
  • Source:Global Logistics Network
  • Release Date:2016-08-17
Maersk future intends to sell part of the business including oil and gas, or independent operation, against its Asian rivals of mergers and acquisitions, to maintain its leadership position in global container transport industry.

The two quarter net profit fell 90% in August 15th, Maersk announced 2016 second quarter financial report, the report shows the company's two quarter profit from Maersk basic over the same period last year the $1 billion 100 million to $134 million, net profit of $1 billion 70 million from the same period last year to $101 million, the decline in the rate of 90%. 


Maersk prediction its 2016 earnings will be lower than expected. It is understood that the global shipping prices, the weak, the two quarter of 2016, oil and gas and poor Maersk container transport business performance, pre tax profit of only $656 million but slightly better than the market expected $551 million. The company is expected to maintain the annual profit, but the profit level will be A dramatic decline from 2015's $3 billion 100 million. Sale of oil and gas business or independent operators have replaced the Maersk CEO in June, also announced a restructuring plan. The future commercial Maersk intends to sell part of business including oil and gas, or independent operation, against its Asian rivals of mergers and acquisitions, to maintain its leadership position in global container transport industry.
It is reported that, as early as April of this year, the Maersk Inc announced that due to the impact of the international oil situation, Maersk oil and gas businesses encounter difficulties, solutions such as 2016 to find feasible, Maersk will shut down its Tara oil field in October 2018. Tara oil and gas field is located in the Beihai sea area, is Denmark's largest oil and gas field Denmark, oil and gas production accounted for 90%. of the total