Denmark is teaming up with countries including Finland and the UK to put pressure on the IMO to pass regulations concerning unmanned vessels, particularly for sailing in international waters. The countries' proposal will be discussed at a meeting this June.
The companies operating in the North Sea, including Maersk Oil, and a majority in the Danish parliament have agreed on a new deal for oil extraction in the North Sea. Maersk Oil is pleased with the agreement, which according to the company enables a full redevelopment of the Tyra gas field, which was otherwise facing closure.
Politicians in Greenland will this week assess whether the entire maritime political area can be brought back to Greenland instead of falling under the Danish Maritime Authority. The idea falls in line with Royal Arctic Line's plans to flag more of the carrier's vessels locally.
Germany, the Netherlands, and Denmark plan to construct a huge artificial island in the North Sea. The project, which will cost billions of euros to complete, will serve as a hub for upwards of 7,000 offshore wind turbines. Shipowners eye significant potential. Find a video of the project here.
Temporary and modest tax relief meant that Maersk and DUC bowed out just half an hour before the Danish government presented a deal to Denmark's parliament concerning the sinking Tyra field in the North Sea.
According to Danish media Berlingske Business, Denmark's government and Maersk have landed a new deal concerning the North Sea which can secure the rescue of the Tyra field. The Danish Ministry of Finance rejects the rumor.
More vessels have been caught with too much sulfur in their fuel this year than in 2015 when the sulfur requirements in Danish waters took effect, according to the relevant records. This number is still relatively low, says Denmark's Environmental Protection Agency.
Not a single exploratory drilling has taken place this year in the Danish North Sea shelf, and there is no promise of any in 2017. Struggling oil companies and one delayed bidding round are the reason, says the Danish state oil and gas company Nordsøfonden.
The oil price has dropped significantly since the former Maersk Maritime Technology CEO Bo Cerup-Simonsen was chosen to help boost oil productivity in the North Sea as Head of the DTU oil research center. The course of the efforts has been changed, he tells ShippingWatch.
Welltec improved on both revenue and results in the second quarter, but the company does not dare believe that the oil sector crisis is over, despite the fact that the industry is slowly adjusting to an environment with lower oil prices.
Jørn Madsen, CEO of Maersk Supply Service, expects to scrap at least half of the 20 vessels now being sold, he tells ShippingWatch. Regulations in the Danish International Ship Register mean that more vessels will be flagged outside of Denmark.
Ensuring a clear and shareholder-friendly investment strategy at Maersk is far more crucial than splitting up the group, which would likely not create more value for shareholders, projects investment bank Carnegie in an analysis.
After two months trading on the stock exchange, Danish utility Dong now reveals how it has fared during the first half of 2016. The booked result is USD 524 million better than in the same period last year.
Canada has earmarked billions for shipbuilding and in the fall, Danish maritime companies will meet with Canadian authorities in the fall to discuss new partnerships. CEO of industry association Danish Maritime, Jenny Braat, describes the campaign as a milestone.
While investors in major Danish energy groups reaped massive returns in 2015, there are factors suggesting that the state was cheated out of large proceeds from dividend tax, writes Danish daily Borsen.
Scandlines, which is owned by equity fund 3i, hits back at the Danish Ministry of Transport in a case concerning a leaked report. The carrier has ordered its own analysis which casts doubts on the conclusions in the original report, adding another chapter to the protracted conflict between Scandlines and the state.
Dong Energy has published its prospectus aimed at spurring investors from all over the world to invest in the Danish energy group. However, an investment in Dong comes with a long line of risks, according to the prospectus. Provisions related to the failed Hejre project could "increase significantly."