Maersk Advancer and Maersk Asserter sold
Due to the current market situation and the global over-supply of offshore supply vessels, Maersk Supply Service has decided to divest two of its older assets – the Anchor Handler Tug Supply Vessels Maersk Advancer and Maersk Asserter
Maersk Drilling joins CO2 storage consortium|
Maersk Drilling is joining a new CO2 storage consortium formed by INEOS Oil & Gas Denmark and Wintershall Dea. The consortium targets the development of CO2 storage capacity offshore Denmark based on reusing discontinued offshore oil and gas fields for permanent CO2 storage.
Norden in new product tanker partnership|
Two of the world’s largest owners/operators of product tankers, NORDEN and Diamond S Shipping Inc. have today created a strategic partnership, DiaNor, to facilitate the commercial consolidation of the product tanker industry.
Greenlandic traffic to Aarhus Port|
On June 12 for the first time ever in regular service, the Greenlandic shipping company Royal Arctic Line docked in the Port of Aarhus. With this new cooperation the Greenlandic shipping company wish to make it easier to trade with Greenland and for the Port of Aarhus it is at the same time a result of many years of work to get the Greenlandic traffic to Aarhus.
Belgia and Gothia Seaways get new ramp|
Belgia Seaways and Gothia Seaways are having a movable ramp installed while dry-docked in Poland. The delivery of the 90 tonne ramp for Belgia took place on 2 June, and as the picture shows, it was no small operation. The ramp will connect Decks 2 and 3, and enable the ship to load Deck 3 via the normal aft ramp.
|Bunker One expands its fleet |
Bunker One is strengthening its portfolio in the US Gulf, the Caribbean, and West Africa. The new expansions are a part of Bunker One’s strategy to increase its activities and investments around the globe.
|Maersk Supply Service to reduce onshore|
In response to the negative development in the oil and gas industry, Maersk Supply Service has announced that it will reduce its onshore costs by 30 percent. Approximately 55 people will be affected globally, with the majority being in the Headquarters in Lyngby, Denmark.
DFDS’ Operating profit 10% down|
DFDS’ operating result for the first quarter of 2020 was affected by the coronavirus pandemic that impacted their business from March and resulted in a drop in revenues of 1%. Operating profit was 610 million kroner, which is 10% down from the first quarter of last year.
Maersk Drilling revises financial guidance|
Maersk Drilling has re-assessed the commercial and operational assumptions underlying the financial forecasts for 2020 and revises its guidance for 2020 for EBITDA before special items to 250-300m dollar - previous guidance of 325-375m dollar.
Take a tour on Humbria Seaways|
Humbria Seaways offers the capacity for 450 trailers making her the largest ferry in the DFDS fleet alongside her sisters. The mega freight ferries are so large that if you feel like taking a nice walk on every lane on every deck, you will cover impressive 6,7 kilometres.
Norden: Strong start to the year|
The Danish operator of bulkers and tankers, Norden, recorded a profit of 27,7 million dollar in Q1 2020, compared to a loss of 5,3 million dollar for the first three months of 2019. Norden revises its guidance for the year-end result upwards by 10 million dollars.
|Maersk Drilling secures 11-month extension|
Maersk Drilling has been awarded a four-well extension for the jack-up rig Maersk Intrepid to continue working for Equinor offshore Norway. The extension continues the rig’s current workscope at the Martin Linge field.
|DFDS adapts Northern Baltic ferry services|
DFDS reorganizes sailings in the Northern Baltic to adapt to the pandemic. The Danish ferry operator has decided to reduce the number of sailings by almost a half between the Estonian port of Paldiski and the Finnish port of Hanko, following reduced demand on the route.
Scandlines installs rotor sail on board ferry|
Scandlines has signed an agreement with Norsepower Oy Ltd, leading clean technology and engineering company pioneering modern wind propulsion technology, to install Norsepower’s Rotor Sail Solution on board the M/V Copenhagen, a hybrid passenger ferry.
Norden signs long-term global contracts|
NORDEN has contracted with Enviva to transport 1.3-1.5 million metric tons of wood pellets from the United States to Europe over a 6-year period. The Contract of Affreightment (CoA), which runs from 2021 to 2026, builds on NORDEN’s long-term collaboration with Enviva, which began in 2012 and expands the co-operation between the 2 companies.
Torm 1H pre-tax profit of 28,7m dollar|
The profit before tax for the first six months of 2019 amounted to USD 28.7m, compared to a loss of USD 7.5m I the first half of 2018. EBITDA for the half year ended 30 June 2019 was USD 102.1m, compared to USD 66.7m in 1H 2018.
Maersk reports strong improvements|
A.P. Moller – Maersk delivers a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.4 bn in Q2 compared to the same quarter last year. Revenue grew slightly to USD 9.6bn, which is on par with last year, and the underlying profit increased to USD 134m from USD 15m in Q2 2018.
|Norden maintain the overall guidance|
Despite a loss in Dry Operator in the second quarter, NORDEN maintain the overall guidance of USD 25-60 million profit for 2019. The adjusted result for the first half-year of 2019 is a loss of 5 million dollar, compared to a profit of 12m dollar in H1 2018.
|DFDS hit by Brexit slowdown|
Rising uncertainty about Brexit is contributing to a considerable slowdown in UK trade as manufacturers and importers/exporters are adopting a wait-and-see approach to gain more visibility. In line with the stockpiling that took place in Q1 ahead of the previous Brexit date.
New DFDS Executive Management member|
Anne-Christine Ahrenkiel (48) will join DFDS’ Executive Management team as the new EVP Chief People Officer. She will be responsible for the Human Resources Division, which will include responsibility for HR & Crewing departments, as well as Training & Development and Corporate Social Responsibility.
DFDS Dover – France route teams step up|
During the holiday period, high volumes of traffic arrive at the port of Dover, potentially causing major delays to holidaymakers. Even with months of planning, ensuring additional resources are in place and keeping DFDS customers informed with the latest live port and sailing information, obstacles are unavoidable.
Crown Seaways celebrates 25th anniversary|
On 26 July in 1994 Crown Seaways sailing between Oslo and Copenhagen, making a mark on both cities while carrying travellers, tourists and crew for so many great sailings and wonderful experiences.
Danish merchant fleet the fifth largest|
Denmark has taken a step up on the list of the world's largest shipping nations measured on merchant ships operated by Danish shipping companies. Denmark is now ranked fifth in front of nations such as the United States, Germany and Great Britain
|Lauritzen Bulkers opens Dubai office|
Lauritzen Bulkers, the dry bulk division of J. Lauritzen, will open a new office in Dubai in August 2019 in addition to its offices in Copenhagen, Singapore and Stamford.
|Commissioners meet with Danish Shipping|
On next Monday, two European Commissioners will come by Amaliegade and Danish Shipping’s headquarters to discuss the most important points of the Danish maritime shipping agenda in EU in the coming years.
ZIiton adds new vessel to O&M fleet|
Ziton has chartered MPI Enterprise on a bareboat agreement with Vroon until 31 March 2021. Ziton will then have the option to acquire the vessel. The fleet expansion is part of Zito’s strategy to meet changing market dynamics, in which offshore wind turbines with capacities of 7‐10 MW are increasingly commonplace.
New shipyard hall at Hvide Sande Shipyard|
Construction of a large new shipyard hall at Hvide Sande Shipyard’s slipway is well underway. The hall is expected to be ready for the first customers to be serviced during the month of September.
Rapidly increasing demand for indoor facilities for the ever-larger ships in Northern European waters is driving investment in the facilities.
Torm acquires four modern MR vessels|
Torm has agreed to buy four 2011-built MR vessels for a total consideration of USD 83m with expected delivery between August and December 2019. The vessels are built at the Korean yard Hyundai Mipo. Torm already has ten vessels in the fleet from Hyundai Mipo and has good technical and commercial experience with these vessels.
Bunker One Expands in Freeport|
Bunker One has announced its newest addition to its Offshore US Gulf and Caribbean fleet, M/T Waltz. The physical supplier, that is now one of the largest suppliers in the Caribbean, will commence operations in Freeport from 1 June.
|Maersk Product Tankers order 4 LR2s|
Maersk Product Tankers has confirmed the order for the remaining four of ten LR2 newbuildings from Dalian Shipyard. The order is part of an ongoing fleet renewal programme in the LR2 segment. The four tankers will be delivered in 2022.
|Kim Balle new CFO of Torm|
Kim Balle has been appointed Chief Financial Officer of Torm. Kim Balle has a background from the financial sector where he most recently held a position as Head of Corporate Banking in Danske Bank. In addition, Kim Balle currently holds a position as Group CFO in the private equity-owned Casa.
CMA CGM and MSC to join TradeLens|
Global container carriers CMA CGM and MSC will join TradeLens, a blockchain-enabled digital shipping platform, jointly developed by A.P. Moller - Maersk and IBM. With CMA CGM, MSC, Maersk, and other carriers committed to the platform, data for nearly half of the world's ocean container cargo will be available on TradeLens.
Maersk Q1 net deficit of 69m dollar|
A.P. Moller - Maersk has closed the first quarter of 2019 with a 33% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.2bn while revenue grew by 2.5% to USD 9.5bn compared to Q1 2018.
Svitzer divests its Portuguese business|
Svitzer has signed an agreement to sell its Portuguese marine operations to Pioneiro do Rio, Serviços Maritimos, Lda., a company which has Mr. Rui Cruz, the current managing director of Svitzer Portugal, among its owners.
Maersk accelerates Logistics & Services|
As a next step for Maersk in the implementation of their strategy to offer end-to-end solutions to their customer, APM Terminals Inland Services will be integrated into Maersk Logistics & Services from 1 August 2019.
|Maersk Tankers in sale and leaseback |
Maersk Product Tankers has entered a sale and leaseback agreement for four MR vessels built in 2015 and 2016 with the Industrial and Commercial Bank of China. Maersk will bareboat charter-in the vessels for a period of ten years and has continuous purchase options on the vessels.
|Torm Q1 pre-tax profit of 23.5m dollar|
In the first quarter of 2019, Torm achieved a profit before tax of 23.5m dollar, compared to 1.1m dollar in the same quarter of 2018. EBITDA for the first quarter was 61.5m dollar, compared to 37.3m dollar in Q1 2018.
ProZero for the Hamburg Police Forces|
Tuco Marine Group har closes a deal for new ProZero 8m Center Console Interceptor with Hamburg Police Special Forces. The 8-metre ProZero CC Interceptor is the short-length successor to the 12m ProZero Interceptor and lives up to the same high standards.
DFDS opens new route |
DFDS to transport 700,000 tons of paper annually for paper producer Stora Enso on a new route between Gothenburg and Zeebrugge. DFDS will acquire two freight ferries for the service. The contract runs for a minimum of five years. DFDS will increase weekly departures between Sweden and Belgium from 8 to 12.
DFDS Q1 profit lower due to Easter|
In Q1, revenue increased 11% to DKK 3.9bn driven by the expansion in the Mediterranean and stockpiling in UK ahead of the initial Brexit-date end of March. The Easter timing difference vs 2018 lowered passenger revenue.
Vestas revenue on par with Q1 2018|
In the first quarter of 2019, Vestas generated revenue of EUR 1,730m – an increase of 2 percent compared to the year-earlier period. EBIT before special items decreased by EUR 83m to EUR 43m. The EBIT margin was 2.5 percent compared to 7.4 percent in the first quarter of 2018 .