ShippingWatch

This week's top stories from ShippingWatch

The week brought half-yearly reports from five of the major Danish carriers: Maersk Line, Norden, Torm, DFDS, and J. Lauritzen. Meanwhile, several Danish shipping executives told ShippingWatch what drives them.

Maersk Line progressed with reservations

Maersk Line's development was positive with growth on the bottom line but analysts have reservations about whether things have, in fact, developed so positively at the world's largest container carrier.

Maersk Line missed out on growth in the container market

Maersk Line achieved USD 339 million profit in Q2

Impairments made by Maersk Tankers and APM Terminals dragged down the result for the entire Maersk Group.

Maersk Tankers books huge impairment on vessels

Here is an overview of the Maersk Group Q2 results

 

Norden maintained expectations despite a tough bulk and tanker market

Jan Rindbo: Dry bulk rates must rise to ensure profit

Norden lost USD 7 million on dry bulk in the second quarter

 

Torm satisfied despite tough product tanker market

Torm Executive Director eyes flat development in product tanker

 

DFDS declares itself ready for two acquisitions this year alone

Smedegaard aims to land two acquisitions this year

DFDS delivers Q2 pre-tax profit of DKK 495 million

 

No more major cost cutting at J. Lauritzen

J. Lauritzen still strained despite improvements

 

Management is about having the stomach to listen...

...among other things. This week, ShippingWatch's management series turned to Keld R. Demant from Bunker Holding.

Copper anniversary changed the course for Bunker Holding CEO

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Lauritzen CEO: On the right track, but it will take time

Dry bulk carrier J. Lauritzen finished the third quarter with an operating deficit of USD 9.8 million. Positive with a better dry bulk market, but the carrier is still some way off from turning a profit, CEO Mads Zacho tells ShippingWatch.

Monjasa's fate in fraud case will be decided Monday

On Monday, Denmark's Western High Court will issue its verdict in the protracted fraud case against Danish bunker company Monjasa and founder Jan Jacobsen. The appeal case brought new witnesses and evidence from the defense which maintains the innocence of its clients.

Hafnia Tankers books another deficit in tough market

Denmark based product tanker carrier Hafnia Tankers booked red figures on the bottom line in the third quarter, much like many of its competitors. The carrier has now lost USD five million in the first nine months of 2017, but believes that better times lie ahead.

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