Maersk sells stake in lifeboat manufacturer

Maersk sells stake in lifeboat manufacturer

Maersk’s ongoing mission to offload non-core businesses to prop up its bottom line has seen it sell off its stake in lifeboat manufacturer Nadiro. Viking Life-Saving Equipment has bought the company from Maersk and SH Group for an undisclosed sum.

Established in 2009, Svendborg, Denmark-based Nadiro manufactures lifeboat and rescue craft systems, developing and promoting its Drop-in-Ball technology to help ensure crew safety.

Maersk has been selling non-core businesses a lot of lately. Declining oil prices did hit some sectors of the group in the second quarter but nevertheless last week it was able to report what it described as a “satisfactory profit” of $1.1bn for the period. The group’s expectation of an underlying result of around $4bn remains unchanged.

 

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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3 Comments

  1. Avatar
    Ashish
    August 22, 2015 at 7:41 am

    How many business does maersk operate?

  2. Sam Chambers
    Sam Chambers
    August 24, 2015 at 6:29 am

    This should help, Ashish http://www.maersk.com/en/the-maersk-group/facts-and-figures

    1. Avatar
      Ashish
      August 25, 2015 at 4:08 am

      Thanks Sam for the link. But i already know that. It is just that every time i get a new area where maersk is operating. They are surely bigger than what other thinks 🙂