Premium / Analysis: Maersk preparing the ground for a jumbo deal to follow Oil sale?

first_img New Premium subscriber REGISTER Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium LOGIN Password* Reset Your Password Email* Premium subscriber LOGIN Forgotten your password? Please click here Please Login Reset Email* By Alessandro Pasetti 23/08/2017 The stars are shining for the Maersk family under the stewardship of chief executive Søren Skou.“Maersk Line has pushed back execution risk to 2019 and beyond, following the purchase of Hamburg Süd, at least if you trust its own projections,” I wrote earlier this year.Execution risk has now officially vanished, I reckon, following the announcement on 21 August that it had agreed to sell its oil and gas assets (Maersk Oil) to France’s Total for $7.45bn, including debt of the … Please either REGISTER or login below to continue << Go backlast_img read more

Japan golf left without sponsor

first_img IN FIVE EASY PIECES WITH TAKE 5 GET THE BEST OF THE JAPAN TIMES Computer equipment manufacturer Iiyama Corp. said Wednesday it will not renew its sponsorship contract with the Japanese men’s professional golf tour after it expires at the end of this year.The withdrawal of the Nagano-based company leaves the Japan Golf Tour Organization (JGTO) looking for a new corporate sponsor for the tour and the Japan Golf Tour Championship meet, which was inaugurated two years ago as the newest of the tour’s major tournaments.last_img read more

Highlights: Bristol City 1-2 Sheffield Wednesday

first_imgWatch the highlights from City’s 2-1 defeat to Sheffield Wednesday at Ashton Gate in the Sky Bet Championship.last_img

Major fundraiser fetches K110,000 for Rotary club

first_imgGolf The Port Moresby Rotary Club had a major fundraiser enabling them to raise more than K110,000 at the Royal Port Moresby Golf course last Friday. This year was made more special as Airways came on board as a major sponsor and kicked things off with K10,000 and also had 120 bibs made up for every caddy on the course. The outgoing POMRC president Adam Hughes said: “We had 25 teams on the day and Team ANZ came out the overall winners. “We also held an auction that saw someone bidding K10,000 for a PNG themed Monopoly Game! “All funds raised will be put towards projects for this year. “Our new president-elect Cheryl Parker will take over from me on July 3. “We have no administration costs and 100 per cent of funds raised are put back into projects which will be determined by Cheryl for her term in office. “Some of our ongoing projects include Donations In Kind (DIK) where we receive tables, chairs, education kits that our donated to schools within Port Moresby and surrounding villages. “The DIK program can also see us receiving hospital beds, crutches, wheel chairs and anything medical that are donated to hospitals Another area of focus for us is “Say no to Family Violence”. “This campaign is complimented by a container we purchased and then had fitted out as an office that is at Port Moresby Police Station. “The office is occupied by Police from the Family and Sexual Violence Unit,” Hughes said. The day was a huge success and POMRC is very grateful to the major sponsor, Airways and all local business that supported with donations of awards and auction items.last_img read more