Maersk introduces “Triple-E” Class – The largest, most efficient ships ever

KEY FACTS:

• Maersk Line has an option to buy another 20 vessels.
• The total contract value is $5.7 billion if the option is exercised.
• The vessels will be delivered from Korea’s DSME shipyard from 2013 to 2015.
• Maersk Line expects 5%-8% growth in trade from Asia to Europe.

Maersk Group, has signed a contract with Keppel worth $1.2b

Maersk Drilling, an entity within the A.P. Moller – Maersk Group, has signed a contract with Keppel FELS Limited in Singapore for the construction of two ultra harsh, high capacity jack-up drilling rigs. The first rig is scheduled for delivery at the end of 2013, with the second rig following seven months later.  The total project cost for the two rigs is close to USD 1.2 billion. This includes turnkey contract with the yard, owner furnished equipment, project management, commissioning, start-up costs and capitalized interest. The contract includes the option for the construction of one additional jack-up rig to be declared by July 2011.

“The decision to invest in additional offshore drilling rigs is based on our strong view on the fundamentals of the offshore drilling industry and our ambition to further strengthen our position in the markets we have chosen to be in,” says A.P. Moller – Maersk Group CEO, Nils S. Andersen.