Offshore Impairments Sink Maersk Group’s Profit

Danish shipping and energy conglomerate Maersk Group reported a loss of USD 1.9 billion in 2016, negatively impacted by impairments of USD 2.7 billion in Maersk Supply Service and in Maersk Drilling as a consequence of an expected weaker outlook.

Maybulk issues profit warning for 2015 on impairments

Malaysian Bulk Carriers (Maybulk) has issued a profit warning ahead of its 2015 results, it said in a stock market announcement. ...

Seadrill slumps to $1.9bn loss in Q3 hit by impairments

John Fredriksen’s Seadrill slumped to a massive net loss of $1.9bn in the third quarter hit by impairment charges to investments and goodwill. ...