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Torm profit of 1m dollar in Q3
Torm profit of 1m dollar in Q3
11-11-2020 12:00
In the third quarter of 2020, TORM achieved TCE rates of USD/day 16,762 – compared to USD/day 13,392 for the same period in 2019. EBITDA was USD 43.4m, compared to USD 32.0m for the same period in 2019. EBITDA was negatively impacted by a non-recurring IAS standard provision of USD 8m related to cargo claims.

DFDS profit dropped 59 % in Q3
12-11-2020 12:00
DFDS passenger business was severely hit by COVID-19 travel restrictions in Q3. However, the result is better than originally expected, as the freight businesses of both Ferry and Logistics were above last year’s Q3 results.
Falcon joins Dania Ship Management
24-10-2020 12:00
Dania Ship Management plans to extend its ship management capabilities in a partnership agreement with Falcon Maritime Group. The new relationship strengthens the commitment to create a compelling platform for Copenhagen based ship management solutions.
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DFDS ensures essential transport to the UK
23-10-2020 12:00
The UK Government has agreed contracts worth GBP 77.6 million in total with four ferry companies to ensure ferry capacity for transport of vital goods like medicine and food during the first few months after the end of the Brexit transition period. DFDS is one of four companies.
Svitzer appoints new global COO
20-10-2020 12:00
Ingrid Uppelschoten Snelderwaard will take up the role as global COO of Svitzer, reporting to CEO Kasper Friis Nilaus. Ingrid Uppelschoten Snelderwaard joins Svitzer from her current position as Global Head of Equipment and VP at Maersk and takes over from Svitzer’s current COO, Leonardo Sonzio, who will be moving on to become Maersk's Head of Fleet Operations.
 Svitzer to commence operations in Emden
15-10-2020 12:00
Svitzer Europe will start a new towage operation in the seaport of Emden - Germany’s third-largest North Sea port - from 1st January 2021, the company has announced today. The expansion into Germany’s third-largest North Sea port comes as next step in Svitzer’s sustained growth strategy.

 Norden seizes tanker market opportunities
14-10-2020 12:00
Norden has completed the sale of product tanker Nord Andes to an Asian buyer. The sale of Nord Andes comes just 10 months after the vessel was purchased by Norden in December 2019, and underlines Norden’s strategy to be an asset-trading company.

Maersk upgrades expectations for 2020
13-10-2020 09:02
A.P. Moller - Maersk is changing its full-year guidance for 2020 based on preliminary Q3 figures and the current outlook for Q4. The full year 2020 EBITDA is now expected to be in the range of USD 7.5-8.0bn, before restructuring and integration costs (previously USD 6.0-7.0bn).
DFDS profit dropped 59 % in Q3
12-10-2020 12:00
DFDS passenger business was severely hit by COVID-19 travel restrictions in Q3. However, the result is better than originally expected, as the freight businesses of both Ferry and Logistics were above last year’s Q3 results.
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Swire Blue Ocean to go public
09-10-2020 12:00
Swire Pacific Offshore has announces its intention to list its subsidiary Swire
Blue Ocean on the Oslo Stock Exchange. The announcement comes on the back of the announcement of significant expansion plans for the Danish operator.
Change of guard in DFDS BU Channel
06-10-2020 12:00
Filip Hermann takes up the role as VP of BU Channel. He follows Kasper Moos, who will focus fully on leading BU Group Passenger through the COVID-19 crisis and regaining growth after the pandemic. 
 New actor in the project cargo industry
04-10-2020 10:00
United Heavy Lift has announced the establishment of United Marguisa Lines ApS (UML), the operating company in continuation of the joint sailing agreement (JSA) between Marguisa and United Heavy Lift, for their joint services to the African continent.

 Increases sailings on Estonia – Sweden
02-10-2020 12:00
DFDS is increasing capacity and customer service significantly on our freight and passenger ferry route between Paldiski in Estonia and Kapellskär in Sweden. This means that the number of departures will increase from 14 per week to 22.

Amrit Peter Kalsi new CEO of Clipper Group
30-09-2020 12:00
With effect from 1 October, Peter Kalsi 2020 takes up the position as Group CEO and CEO for Clipper Bulk, the Group’s largest business entity. Amrit Peter Kalsi succeeds Peter Norborg who, upon mutual agreement with Clipper, is moving on to new challenges outside the Group.
Norden raises full-year expectations
24-09-2020 12:00
Due to a very strong performance in the Dry Operator business unit, NORDEN raises its expectations for the full-year 2020 Adjusted Result to USD 70-110 million (approximately DKK 445-700 million), up from USD 40-80 million.
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Flandria Seaways passes through Suez Canal
22-09-2020 12:00
DFDS Flandria Seaways and her crew sailed through the long and busy Suez Canal on their way from China to Europe. This is Captain Joakim Dahlberg’s second time bringing one of our mega freight ferries home, and he has taken this great picture above.
Freight grows on Frederikshavn – Oslo
19-09-2020 12:00
Few Danish routes have been as hard hit by COVID-19 as those between Denmark and Norway. Now it is evident that the decision by DFDS to include Frederikshavn in their sailings between Copenhagen and Oslo was a wise one.
 New routeing provide traffic changes
14-09-2020 12:00
This summer, new shipping routes were established in Skagerrak and Kattegat. The purpose is to create more predictable traffic patterns and separate oncoming ship traffic better. The first analyses indicate that the routeing systems work as intended.

 DFDS opens bew Patras-Trieste service
11-09-2020 12:00
To accommodate a increase in market demand, DFDS has started a new shipping line between Trieste and Patras. Previously, Patras only served as an intermediate stop between Pendik and Trieste but will now provide regular shipping between Italy and Greece.

WMO join forces in the French market
09-09-2020 12:00
Danish World Marine Offshore anf Jifmar Offshore have signed a MoU to establish a JV to provide offshore wind services to the French market. The new company will deliver vessels to the market as well as turnkey services.
DFDS develops new climate plan
08-09-2020 12:00
DFDS want to become climate neutral by 2050 and are aiming for a relative reduction of Greenhouse Gas (GHG) emissions by close to 45% from 2008 to 2030. That corresponds to an approximate reduction of 25-35% between 2019 and 2030.
Maersk makes AE19 service permanent
07-09-2020 12:00
Just over a year after its launch in August 2019, Maersk’s AE19 ocean-rail product from Asia to Europe - a unique combination of a short-sea and intercontinental rail - becomes a permanent weekly service responding to increased customer demand.
DFDS develops new climate plan
06-09-2020 12:00
DFDS want to become climate neutral by 2050 and are aiming for a relative reduction of Greenhouse Gas (GHG) emissions by close to 45% from 2008 to 2030. That corresponds to an approximate reduction of 25-35% between 2019 and 2030.
 A.P. Moller - Maersk completes acquisition
02-09-2020 12:00
A.P. Moller - Maersk has finalised the acquisition of KGH Customs Services, a pan-European customs services provider, further strengthening its capabilities as an integrated container logistics company, offering end-to-end supply chain solutions to its global customers.

 Changes in Maersk Ocean & Logistics
01-09-2020 12:00
A.P. Moller - Maersk introduces strategic changes that will further improve customer experience and end-to-end service delivery. As part of this, the Safmarine brand will be integrated into Maersk to enhance customers’ access to the global integrated offering.

Stranded migrants must disembark
18-08-2020 12:00
For more than two weeks, 27 migrants have been on board the Danish tanker Maersk Etienne in the Mediterranean. The ship is not built for passengers and there is a need for an international solution for the stranded migrants.
Torm: Strongest half-year since 2008
17-08-2020 12:00
In the first six months of 2020, Torm achieved profit before tax of 128.2 million dollars, compared to 28.7 million dollars for the same period of 2019. The result is thethe strongest half-year in 12 years. Solid operational performance in Q3.
DFDS hit hard by corona
15-08-2020 12:00
The travel restrictions imposed to limit the spread of Covid-19 created an exceptional negative set of circumstances for the passenger activities that led to a drop in their EBITDA of DKK 366m compared to 2019.
UK quarantine rules pose huge challenge
13-08-2020 12:00
As a consequence of the increasing infection rates in the Netherlands and France, the UK has decided on new travel guidance. This means that passengers arriving from those and some other countries into the UK are requested to go into quarantine for 14 days upon arrival.
 NORDEN acts on drycargo asset opportunities
11-08-2020 12:00
NORDEN has added 2 vessels to the existing newbuilding contract with Nantong Cosco Khi Ship Engineering Co. (“NACKS”), taking the total order to 6 vessels. Of this order, NORDEN has already sold 2 vessels on sale and lease back terms, subject to final completion of terms, thereby freeing up liquidity and acting on attractive charter rates while securing good optionality from period and purchase options.

 Maersk revamps network
07-08-2020 12:00
A.P. Moller - Maersk revamps its network between Europe and the Middle East & Indian Subcontinent (West Central Asia). The aim is to enhance reliability while building a network that helps customers with more resilient and agile supply chains.

BWS provide services to new DFDS service
06-08-2020 12:00
DFDS has started calling at Frederikshavn in Denmark on their service between Oslo, Norway and Copenhagen, Denmark. This new initiative was subject to intense attention from both the local media and the Mayor of Frederikshavn. Blue Water is responsible for the operational part in connection with the two ferries’ port calls in Frederikshavn.
DFDS downsize its organization
05-08-2020 12:00
DFDS has started a consultation process in Dover and France, outlining proposals for a reduction in staffing levels onboard the vessels operating between Dover to France and within the Dover, Calais and Dieppe sites. All impacted have been contacted by their Manager and HR to advise what the next steps in the process are.
E4C Shipping Pte Ltd places first order
22-07-2020 12:30
The newly-formed joint venture company E4C Shipping Pte Ltd, is pleased to confirm an order of 2 - 4 MR product to be built by Hyundai Mipo Dockyard Ltd. E4C is comprised of entities and individuals affiliated with ECCO Holding, Gunvor Group Ltd and Dee4 Capital Partners.
Help for stranded seafarers
21-07-2020 08:00
The government, together with Danish Shipping, the maritime section of the Danish Metalworkers' Union and the Danish Engineers' Association, has found a solution whereby stranded seafarers on board Danish ships can come home.
 Closed borders – closed minds
15-07-2020 12:00
It was positive that notable maritime nations attended and pledged support, and there has been encouraging news since then. BIMCO is, however, concerned about the number of participants and the lack of timescales for concrete actions.

 Denmark keeps its fifth place
14-07-2020 12:00
The Danish merchant fleet is still the fifth largest in the world. New figures from Danish Shipping show that the aggregated Danish merchant fleet as from 1 July is at the same level as last year – it amounts to 64.2m GT divided between 2,064 vessels.

DFDS reopens Amsterdam – Newcastle
10-07-2020 12:00
Following the announcements from the UK government about the lifting of quarantine restrictions and the restart of travel to many other countries, DFDS is resuming sailings between Amsterdam and Newcastle.
Important EU-decision postponed
08-07-2020 12:00
The European Parliament has decided that they will not use 2018 as baseline to calculate the shipping companies’ CO2 reductions. Instead the final decision shall be made by the European Commission.
Svitzer strengthens its leadership team
07-07-2020 12:00
Global towage operator and part of Maersk, Svitzer A/S, is further strengthening its global leadership team with the appointment of 54-year old Lars Even Rasmussen as new global Head of HR.
Lauritzen split Bulkers and Kosan
01-07-2020 12:00
J. Lauritzen has successfully completed its plan to establish its businesses as independent companies, Lauritzen Kosan A/S and Lauritzen Bulkers A/S. This will give flexibility for the two companies to develop their businesses as announced in conjunction with the publication of J. Lauritzen’s Annual Report for 2019.
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