8 January 2024
Maersk Tankers and Penfield Marine to create a tanker company with unique reach
Maersk Tankers has acquired Penfield Marine to create a large-scale crude and product tanker company offering pool partners and cargo customers a wider range of services.
Together, Maersk Tankers and Penfield Marine will offer a variety of solutions meeting the increasing demand on shipowners to deliver attractive returns and cut emissions. Cargo customers will get access to a broader service range to cover their transportation needs within more segments.
Maersk Tankers’ CEO, Tina Revsbech, said: “Penfield Marine has over the years built a solid position and presence in the industry and is a perfect match to Maersk Tankers. Our combined commercial and operational expertise will allow us to grow our presence as a commercial manager and extend our service offerings within performance optimisation and decarbonisation to a broader segment of customers and pool partners. We look forward to welcoming Penfield’s customers, partners and our new colleagues to Maersk Tankers.”
News from the A.P. Moller Group
A.P. Moller Holding launches Vioneo to pioneer fossil-free plastics production
A.P. Moller Holding has launched Vioneo, a new venture dedicated to transforming plastics production. Vioneo will manufacture fossil-free plastic resins and significantly reduce the carbon footprint associated with plastics production.
A.P. Moller Holding announces a recommended public cash offer to the shareholders of Concentric
A.P. Moller Holding’s wholly-owned subsidiary Circle Bidco ApS has announced a recommended public cash offer to acquire Concentric AB, a Swedish provider of flow control and fluid power technology for the commercial vehicle market, listed on Nasdaq Stockholm. The offer of SEK 230 in cash per share in Concentric has been unanimously recommended by the Board of Directors in Concentric, and is backed by shareholders in Concentric together controlling 16.7 percent of the outstanding shares in the company.
A.P. Moller Holding combines Maersk Supply Service with DOF Group and creates Maersk Offshore Wind
A.P. Moller Holding has entered into an agreement to combine its subsidiary Maersk Supply Service A/S with Norwegian DOF Group ASA (DOF Group) to create a leader supporting the offshore oil and gas industry. Maersk Supply Service’s innovative wind offshore installation concept will remain owned by A.P. Moller Holding as an independent offshore maritime company named Maersk Offshore Wind, focusing the growing global offshore wind installation market.