EnergyWatch

Maersk's energy division goes forward in Q2

Maersk Drilling's revenue grew, while Maersk Supply's revenue declined slightly in the second quarter. On the bottom line, the energy division's prior deficit has turned into black figures.

Photo: Maersk Drilling

Maersk's energy division, which includes Maersk Drilling and Maersk Supply Service, exits the second quarter by USD 111 million in profit.

Revenue at Maersk Drilling, which Maersk now wants to list on NASDAQ Copenhagen, went forward by 4.9 percent to USD 366 million, while earnings before interest, taxes, depreciations and amortizations grew by 2.3 percent to USD 159 million. Maersk states in its interim report that this can in part be attributed to more days under contracts, a higher operational up time and general savings across the whole fleet.

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