USD 825 million on the bottom line. This is the span between analyst projections ahead of the Maersk Group's first quarter interim report 2016. It seems unlikely that the disagreement about a few months' development at Maersk has even been this significant before.
The Norwegian oil major has made a deal with competitor Lundin to sell a stake in the Edvard Grief field in return for an increased ownership stake in the Swedish oil company. The Lundin family has in the past flat-out rejected sales to Statoil.
It is full steam ahead for tanker carrier DHT Holdings, which in the first quarter again delivered an improved result with its fleet of crude oil tankers. The net result came to USD 31.5 million, weighed down by the sale of ships.
13 people were killed in the helicopter crash on Friday. "One of the most severe helicopter accidents in the history of the Norwegian oil industry," says Statoil VP of Production and Development in Norway. Six companies hit directly by the tragedy.
Distressed offshore carrier Viking Supply Ships has reached a principle agreement with its banks for the company's future financing, but the carrier still needs final approval. The annual report has been postponed.
Rickmers Maritime, which charters out container vessels, has been hit by low charter rates and fewer hours spent on the water. The priority now is finding the right balance between the spot market and long contracts, says CEO Søren Andersen.
The bank expects a weak earnings report from Scorpio Bulkers on Tuesday. "The results are out of management's control," writes the bank's shipping analyst, who predicts weak bulk results across the sector.
After five years at the office in Singapore, Martin Sato is returning to the J. Lauritzen headquarters in Copenhagen. An big and exciting challenge, not least because of the market, he tells ShippingWatch.
Norden's extremely discreet majority stakeholder Alison Riegels has not commented publicly on her role at the carrier in the 31 years she has served on the board. ShippingWatch has been able to secure a brief interview with her and her daughter Johanne Riegels Østergård, who will now take over the seat at the board.
With professional experience from the financial markets and the electricity industry, the new CEO of Golden Ocean, Birgitte Ringstad Vartdal, will take a more analytical approach to her job than her predecessor did, she tells ShippingWatch in an interview.
The EU Commission has cleared a billion euro plan for HSH Nordbank, which by 2018 at the latest must be on private hands, just as the bank must pay EUR 260 million to its public owners out of its own pocket.
Pacific Basin is among few bulk carriers to navigate the crisis without major damage. New capital will pad the carrier and enable exploitation of the historically low prices on used vessels. "Buy a five year old for God's sake instead of a new one," says CEO Mats Berglund to ShippingWatch.