A.P. Møller – Mærsk has found a buyer for its oil division. French energy giant Total has swooped for Maersk Oil & Gas in a $7.45bn share and debt transaction. Under the agreed terms, A.P. Møller – Maersk will receive a consideration of $4.95bn in Total shares and Total will assume $2.5bn of Maersk Oil’s debt. Total has also offered the possibility of a seat on its board of directors to A.P. Møller Holding,the main shareholder of A.P. Møller – Mærsk. The transaction is expected to close in the first quarter of 2018.
The stern section of Britain’s new polar research ship, RRS Sir David Attenborough, will be transported by barge this week from Hebburn-based shipyard A&P Tyne (Newcastle), part of A&P Group, to the Cammell Laird’s shipyard in Birkenhead. The new ship is a major U.K. Government investment in frontier science. Commissioned by NERC, and built by the world famous marine engineering company Cammell Laird Shiprepairers & Shipbuilders Ltd. The vessel is a Rolls-Royce design, and will be operated by British Antarctic Survey when the ship enters service in 2019.
The Philippine military has rescued a Vietnamese sailor kidnapped from the bulk carrier Royal 16, together with five more men in a November-hijacking off Basilan waters by the Philippines Abu Sayyaf Group (ASG) terrorists. After over nine months in captivity, the hostage managed to flee the militant group and was rescued by the Philippine troops on Monday “following intensified operations against the militants,” military spokeswoman Captain Jo-Ann Petinglay is cited as saying by AFP. This is the second sailor from the group to be rescued by the troops, the Abu Sayyaf’s requests for ransom were not fulfilled.
Pentalver Transport Limited has commenced work on Phase two of its container facility at DP World London Gateway. Work started to expand the container yard, located on Berth Seven of the logistics hub, on Monday, August 15. Pentalver opened the first phase of the facility in 2015, following a successful interim operation in support of customers who has commenced container operations at the new port. Phase two of the development will add 40% additional capacity and highlights the commitment Pentalver has made to DP World London Gateway following the commercial success achieved since opening in November 2013.
A task force led by the Royal Navy has seized drugs worth nearly £400 million from smugglers. Sailors made eight raids over a five-month period, netting 1.75 tonnes of narcotics. The haul included 265kg of heroin and 455kg of hashish worth £65 million, which was seized by those manning HMS Monmouth – a Type 23 frigate. The UK and France commanded the multinational naval task force, which polices more than three million square miles of sea in the Gulf and Indian ocean. British, French, American and Australian warships took part in the operation to counter drug trafficking, which funds terrorism in the region, the MOD said.
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