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.
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.
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.
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.
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.
|Clipper Bulk cuts 40 jobs|
To simplify its operational and administrative set-up, Clipper Bulk cuts approximately 40 out of 140 jobs ashore, 12 in Houston, Hong Kong, Tokyo and Nassau and the remaining at the head office in Copenhagen.
|DFDS signs contract for new headquarters |
DFDS and the pension fund investor PensionDanmarkhas signed an agreement to build new head office for DFDS at Marmorvej near the Copenhagen – Oslo route’s terminal. The new head office will be constructed by PensionDanmark and rented by DFDS
Maersk Supply Service appoints new chairman|
Henriette Thygesen has been appointed new Chairman of The Board of Directors of Maersk Supply Service as of 1 June 2019. Current Chairman of Maersk Supply Service and Vice CEO of A.P. Moller – Maersk Claus V. Hemmingsen will leave A.P. Moller – Maersk end June having concluded on the separation of the oil and oil-related companies.
DFDS invests in biofuel producer |
DFDS will hopefully in due time be using climate-friendly biofuel to propel its ships. This is thanks to an investment of up to DKK 10 million in MASH Energy, a company that has developed an efficient, low-cost method of producing biofuel from a waste product, currently from the by-products of nut processing in Tanzania and India. The plan is now to prepare a test of the fuel in a ship’s engine.
Svitzer expands in northeast Brazil|
Svitzer is starting to operate two new tugs in Vitoria as the towage company deepens its presence in the southeast of Brazil. Vitoria represents the start to Svitzer’s second phase of expansion in Brazil. The first phase between 2015 and 2018 focused on the southeast and south of the country but the company now has its eye on potential opportunities in the northeast too.
New Tanker Shipping Company In Denmark|
The newly established ship management, Cornerstone Maritime is pleased to announce the take over of its first ship to the fleet – effective from 10th May 2019. Cornerstone is going to act as Commercial Managers and will be handling all chartering and operations of M/T IERAX (built 1998 / dwt 15,885 mts). She is furthermore Ice Class 1A.
|Royal Arctic Line in cooperation Agreement|
The Icelandic Competition Authority has approved exemption for the cooperation between the national carrier of Greenland - Royal Arctic Line - and Icelandic carrier Eimskip. The cooperation is subject to certain conditions made by the Icelandic Competition Authority.
|Maersk Supply teams up with Eniram|
Maersk Supply Service has signed a contract with Eniram, a Wärtsilä company, to install an Energy Advisory System on its vessels. The system will use high quality data to optimise operations and save fuel in real time, lowering the company’s carbon footprint and fuel costs for customers.
Sale of Nordic Ruth - Failed|
With reference to Company Announcement 1/2019 Nordic Shipholding A/S regrets to announce that the Buyers under the Sale and Purchase Memorandum of Agreement entered into by Nordic Ruth Pte. Ltd., a wholly-owned subsidiary of Nordic Shipholding A/S, as Sellers on 26 February 2019; have not honoured their obligation.
Claus V. Hemmingsen to leave Maersk|
Claus V. Hemmingsen will step down as Vice CEO of A.P. Moller - Maersk and CEO of the Energy division, having successfully concluded the separation of Maersk Tankers, Maersk Oil and Maersk Drilling as part of the transformation initiated in 2016 to focus A.P. Moller - Maersk on becoming the global integrator of container logistics.
Monjasa Delivers Positive Result for 2018|
The 2018 Annual Report shows 17% increase in sales volume reaching 4.1m tonnes of marine fuels and a positive net result of USD 5m. Coupled with the entry of new banking partners and closer relations with oil majors, the Monjasa Group improved its business fundamentals during the year.
Maersk sells Hamburg Süd subsidiarie|
Maersk owned Hamburg Süd have completed the sale of Hamburg Süd’s dry bulk shipping business, which includes Rudolf A. Oetker, and the bulk activities in Furness Withy and Aliança Navegação e Logística, to The China Navigation Company after receiving regulatory approval.
|Maersk retain Maersk Supply Service|
The A.P. Moller - Maersk Board of Directors has decided to retain full ownership of Maersk Supply Service. Maersk has so far tried to find a sustainable ownership structure for Maersk Supply Service outside of A.P. Moller – Maersk.
|JD-Contractor welcomes Assister |
By the end of 2018 JD-Contractors A/S’s sister company JD Crafts A/S purchased the vessel Maersk Assister from Maersk Supply Services. The vessel has been renamed “Assister” and will be operated commercially by JD-Contractor A/S.
NORDEN sells 4 dry cargo vessels|
In the last couple of weeks, Dampskibsselskabet NORDEN A/S has sold off 4 dry cargo vessels as, among other things, a part of the strategy of becoming increasingly asset light and reduce the owned fleet to a tradable size.
Maersk in Sustainable Growth partnership|
Convinced of the urgency to act on climate, a group of Dutch multinationals - FrieslandCampina, Heineken, Philips, DSM, Shell and Unilever - all members of the Dutch Sustainable Growth Coalition, join forces with Maersk to take a tangible step towards the decarbonization of ocean shipping.
DFDS: Postponed Brexit is good news|
EU’s offer to postpone Brexit until 22 May or 12 April, removes the risk of a hard Brexit on 29 March. This is really good news for DFDS, says CEO Niels Smedegaard, DFDS.
DFDS’ service on Kiel–St Petersburg ceases|
As DFDS doesn’t operate its own ferry between Kiel and St Petersburg, our service is maintained through chartering space on Finnlines’ ships on the route. However, at short notice, Finnlines has informed DFDS they will cease sailings on Kiel – St Petersburg as soon as possible.
|Svitzers first all-female crew |
As part of its gender inclusion initiatives in the nautical industry, world leading towage operator, Svitzer hired the first 100% female crew for the Dominican Republic. Over the waters of Rio Haina and Caucedo, the Svitzer Monte Cristi, a 70-ton tugboat helps maneuver larger vessels so they can dock, undo or be driven through the channels.
|Norden invests in West African region|
Danish shipping company Norden is opening an office in Abidjan, Ivory Coast, as part of the Company’s continued global expansion. The office will generate new business and focus on contributing positively to the development of the region.
Torm posts 35 million dollar loss in 2018|
Danish company Torm had a loss of 35 million dollar in 2018, compared to a profit of 2 million dollar in 2017. Revenue fell from 657 million dollar in 2017 to 625 million dollar in 2018. According to the management, Torm is still among the best within its peer group.
Maersk Supply secures contract with Total|
Newbuild vessel, Maersk Involver, has been fixed for 161 days to support maintenance of the DAN F platform located offshore Esbjerg for walk-to-walk and accommodation services. The contract is expected to commence start-April 2019.
Erria lost 19,3 mio. kr. i 2018|
Danish shipping company Erria lost 19,3 million kroner in 2018, compared to a loss of 278.000 kroner in 2017, and 10,9 million in 2016. The revenue amounted to 83.6 million kroner, compared to 101,3 million kroner in 2017.
EVP Henrik Holck to leave DFDS |
Following the announced changes of management, where Niels Smedegaard has decided to step down as CEO of DFDS, and Torben Carlsen will become the new CEO - Henrik Holck, Head of the People & Ships Division, will not be part of the future management team.
|Norden netprofit of 28.8 mio. dollar|
Danish shipping company Norden gained a net. Profit of 28,8 million dollars in 2018, compared to 24.6 million in 2017. The result for the year adjusted for profit from sale of vessels etc. was 20 million dollars compared to 28 million dollar I 2017.
|DFDS CEO Niels Smedegaard steps down|
Niels Smedegaard, CEO of DFDS since 1 January 2007, has decided to step down as CEO of DFDS at the end of April. Torben Carlsen, who has been the company’s CFO since 2009, will become the new CEO.
Frigate at Semco Maritime Hanøytangen|
In cooperation with the salvage company BOA and the Norwegian Navy and Material Command, Semco Maritime participates in the current salvage operations of the frigate KNM Helge Ingstad. The job is now to secure the frigate onto a special barge for her transport to Haakonsvern naval base.
Erria announces 1m dkr. capital raise|
The board of directors of Erria has announced that the Company has now raised DKK 1,000,000.00 through the issuance of convertible notes. The board of directors remains authorized to issue additional convertible notes of up to 15,325,635.38 Danish kroner.
Maritime industry accounts for 25% of exp.|
The Danish maritime segment employs 96,000 people and accounts for 6.5 percent of Denmark's GDP and 25 percent of Danish exports. These numbers stem from a new report that also shows that the people employed in the Danish maritime industry create more than twice as much value for the Danish economy, for each person compared to the average employee.
Video: Massiv fire onboard ship in Grenaa|
On late Monday night a fire broke out onboard a ship that was docked in Grenaa that was waiting to be scrapped. At first the police department sent a police car to the port, but shortly after the communal emergency and safety department took over and have been fighting the fire the entire night.