Dry bulk and tanker carrier Norden – despite a "surprisingly strong" dry bulk market in the first months of 2017 – got off to a weak start in 2017 in this segment as the carrier's tonnage was utilized. CEO Jan Rindbo now expects an adjusted dry bulk result at the lower end of the announced guidance.

Strong bulk market surprised Norden CEO Jan Rindbo

Norden logs USD 1 million profit in Q1  

DNB Markets: Norden misses out on bulk vessel price hike  

Analysts project crimson numbers from Norden  

DSV starts off strong

On the other hand, Danish transport and logistics group DSV kicked off 2017 with a soaring profit.

The net profit in the first three quarters of the year came to DKK 669 million (USD 98.6 million) against DKK 233 in the same quarter 2016, which was impacted by the acquisition of US-based UTi Worldwide.

DSV CFO downplays impact of new container alliances  

Media: France makes trouble for DSV  

US lawmakers to scrutinize container carrier practices

The US Shipping Act of 1984 – which exempts international container carriers from regular competition regulations – is becoming outdated, note several US legislators who are ready to present a new bill in less than one month. ShippingWatch in New York followed a hearing in the Congress' sub-committee for the coastguard and maritime transport, at which several key individuals were questioned about the current legislation.

The US looking to scale back container carriers' power  

US scrutinizes the power of container carriers  

EU scrutinizing state subsidy schemes

The EU has spent months scrutinizing the tax rebates introduced by EU member states to help their carriers. The Commission is particularly looking into tonnage tax schemes which were implemented prior to 2004 when the current guidelines for state subsidies to the maritime sector were adopted.

EU could demand changes to European tonnage tax  

Record-tough EU demands on Maersk Line's Hamburg Süd acquisition  

Strong results from oil companies, but...

A rising oil price and large-scale cost reductions have boosted earnings at oil majors such as Statoil, Aker BP, and Shell in the first quarter. Now several of these are gearing up for new investments, but the good old days are not likely to return, projects Nordea Markets.

Oil companies' cost reductions now starting to show  

BP delivers unexpected tripling of its profit  

Shell had "strong first quarter"  

Statoil delivered a significantly improved result for Q1

Lundin Petroleum had good start to 2017  

Maersk executives to enter Hamburg Süd senior management

Two prominent senior executives from Maersk Line will join the management team at German container carrier Hamburg Süd, and the carrier has found a new CEO to replace Ottmar Gast when he steps down.

Maersk executives enter Hamburg Süd management  

Record-tough EU demands on Maersk Line's Hamburg Süd acquisition  

Maersk Line to take delivery of 27 ships in two years  

Maersk Line's schedule reliability plunged big-time in Q1

English Edit: Daniel Logan Berg-Munch