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Nordea: Shipping and offshore losses reduced significantly

nordeaskilt Services:

Net deficits to the shipping sector were reduced significantly, and the bank's lending credit quality improved, according to Nordea's interim report, published Wednesday morning.

CEO: Damco back in black next year

Services:

Damco's the top line has improved during the past year, though the company's bottom line did not follow in step. But it will next year, where CEO Hanne B. Sørensen expects a profit, she tells ShippingWatch.

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.

Media: German banks at risk of failing stress test

Services:

The European Central Bank will demand that German shipping banks perform additional impairments of 10-20 percent on their lending, according to the Financial Times.

EMS fears Supreme Group's acquisition plans

Services:

EMS Seven Seas' employees are worried about the fact that American Supreme Group has apparently already reached an agreement with EMS Seven Seas' major shareholders concerning an acquisition of the company. Because what does Supreme Group want?

Norddeutsche Landesbank hit by shipping crisis

Services:

German shipping bank Nord/LB struggled immensely with its shipping loans in the first quarter, where losses from deferred loans amounted to 241 million euros.

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Maersk Line sticks to slow steaming

_R4B0860b.jpg Container:

Even though the oil price has declined dramatically and several carriers are speculating about whether slow steaming is still worth the money, Maersk Line has no plans of speeding up, the carrier tells ShippingWatch.

Yildrim Holding to invest massively in ports

Carriers:

Two new major agreements with Nordic ports are just the first step of a massive port terminal buildup. Turkish Yilport wants to be among the global Top 10, CEO and President Robert Yuksel Yildrim tells ShippingWatch.

Nordea: Shipping and offshore losses reduced significantly

Services:

Net deficits to the shipping sector were reduced significantly, and the bank's lending credit quality improved, according to Nordea's interim report, published Wednesday morning.

APM Terminals in conflict in Jordan

Ports:

Negotiations concerning a new wage agreement for employees at APM Terminals' container terminal in Jordan's sole container port, Aqaba, have developed into a conflict that has now gone all the way to the country's labor court.

Fearnley: Dry bulk asset values will dive in 2015

Bulk:

Analyst agency Fearnley predicts that asset values will drop further, to a level of around 10-15 percent during the next 6-12 months.

Total brings back former CEO

Offshore:

Oil giant Total brings back former CEO to serve as Chairman after the company lost its CEO and Chairman in a plane crash on Tuesday.


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