Maersk Oil IPO on the cards

Maersk Oil IPO on the cards

Denmark’s A.P. Moller-Maersk will list its oil business in the coming months but has ditched plans to list other smaller units from its energy division separately, according to Danish newspaper Berlingske, which has a strong track record of Maersk-related scoops.

“Maersk Oil will, according to the plan, be listed separately, and it will happen within the next six to 12 months,” a source told the newspaper.

However, original plans to list Maersk’s Supply Service and Drilling units have been shelved, while the future for Maersk Tankers is still up in the air, according to Berlingske.

Maersk announced plans last year to separate its transport and logistics assets from its energy-related divisions.

Maersk has declined to comment on the Berlingske report.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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