Login

Danish yards: Denmark back as shipbuilding nation

Services:

Orskov Yards' result for the year is just one of several positive stories from the Danish shipyard industry. As opposed to its closest competitors the Danish yards made it through the crisis in solid form. "We're a shipbuilding nation," says Danish Maritime.


7392924400_e10eb74fcb_b.jpg
Photo: Stena Bulk
BY TOMAS KRISTIANSEN
Published 09.01.14 at 14:05

Log in to read articles

Some of our content is exclusively for subscribers.

Try ShippingWatch free for 40 days

Get 40 days free trial access

Sign up for ShippingWatch newsletter
Most read Services

Mystery deepens concerning role of tax shelter in fraud case

bunker3.jpg Services:

The Danish financial police has begun its questioning of one of the two charged executives in the fraud case against a Danish bunker company.

Fraud-charged bunker supplier paid huge sums to tax shelter

Services:

Huge transfers to a tax shelter in Saint Vincent and the Grenadines may be the Danish Fraud Squad's best card in the fraud case against a Danish bunker supplier. The Danish company maintains that the money constitutes payments for oil deliveries, but the authorities are not buying it.

Maersk spending millions to keep struggling Damco afloat

Services:

Maersk has been forced to inject USD 451 million into the group's problematic logistics unit Damco. The figure corresponds more or less to Damco's combined losses from the past five years.

Now comes the legal battle about systematic fraud at Danish bunker supplier

Services:

Next month, a Danish court will begin a spectacular criminal case against a well-known bunker supplier. ShippingWatch and Danish media Finans maps out the story, which began a few months before the collapse of OW Bunker.

Univan: We will manage 130 ships by 2015

Services:

Ship management looks set to face a very good year. Hong Kong-based Univan expects growth rates of 15-20 percent, says CEO Bjørn Højgaard in an interview with ShippingWatch.

Inchcape CEO steps down with immediate effect

Services:

Without providing any specific reason, Claus Hyldager has stepped down as CEO of London-based but Arabian owned Inchcape. Hyldager has served as chief executive for nine years and spearheaded a massive expansion of the company.

Current front page

Robert Bugbee eyes a three-year tanker upswing

IMG_3322.JPG Tanker:

Scorpio Tankers has the right size and the platform to benefit from the continuous upswing that can last for the next three years, CEO Robert Bugbee says in an interview with ShippingWatch.

HMM secures vital agreement with bondholders

Container:

Hyundai Merchant Marine on Tuesday conducted three meetings with its bondholders and was able to reach an agreement concerning the rescue plan for the carrier. Now HMM faces the remaining meetings on Wednesday.

Maersk wants more carriers to scrap ships is Alang

Container:

From being the NGOs' ally in the fight against miserable scrapping conditions at the mud banks in Alang, Maersk is now actively advocating the use of select shipbreaking facilities on the beach. The carrier is meeting with Japanese and European players, among others, to gather support.

Frontline soars in Q1 and eyes strong market ahead

Tanker:

Tanker carrier Frontline exits the first quarter 2016 with improvements across the board, driven especially by VLCC vessels enjoying a market characterized by record crude production and low oil prices. Strong tanker demand going forward, notes CEO.

Deep Sea Supply continues to idle vessels

Offshore:

The fight to secure work in the North Sea is intensifying, and offshore carrier Deep Sea Supply currently has one vessel in the northern spot market, while Brazil is also not giving cause for optmism. Ship sales and impairments send the carrier into the red in the first quarter.

A2Sea suffers multi-million dollar deficit in 2015

Offshore:

Offshore carrier A2Sea delivered a million dollar deficit in 2015, a big setback from 2014. The decline in the value of cable unit CT Offshore is one of the reasons behind the bad news, says management in the financial report. CT Offshore will now be liquidated.

ADVERTISEMENT
ADVERTISEMENT

Vacancies

ADVERTISEMENT