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Low oil price helps Maersk upgrade its financial forecast

Christian Wenande
May 13th, 2015


This article is more than 9 years old.

New hydrocarbons found in the North Sea

The low price of oil has contributed to the Danish oil and shipping giant Maersk upgrading its financial projection for 2015 after its first quarter results showed profits of over 10 billion kroner.

Maersk’s chief executive Nils Smedegaard Andersen called the quarterly result “very satisfactory” and revealed that the company’s annual result would be upgraded to around 26.57 billion kroner.

“We deliver a headline profit of 1.6 billion US dollars, which is the best first quarter we’ve ever seen, driven by a very strong performance by Maersk Line, which also delivered a best first quarter ever despite falling rates,” Andersen said.

READ MORE: Maersk eyeing more monster ships

North Sea find
The upgrade was helped along by Maersk Line, Maersk Drilling and APM Shipping Services, which all enjoyed the benefits of the lower oil prices.

In related news, Maersk Oil and a consortium of partners have located hydrocarbons five kilometres down in a well between the Harald gas field and the Svend oil field in the westerly part of the Danish part of the North Sea.

The oil companies are going to evaluate the data of the find closer to establishing whether the find is commercially viable.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”