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DNV GL losing tonnage following merger

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The merger between Norwegian DNV and German GL was approved almost ten months ago, creating the world's largest classification company. The company saves millions with the collaboration, though it is also losing some tonnage, CEO Henrik Madsen tells ShippingWatch.

Danske Bank continues to cut shipping loans

Services:

Danske Bank's shipping loans have been reduced in the first half of the year, a development that falls in line with the bank's strategy.

IMF: Will German banks survive health check?

Services:

The International Monetary Fund, IMF, estimates in a new analysis of the German banks that the banks with shipping loans are having difficulties complying with the requirements of the coming ECB health check.

HSH Nordbank preparing new large divestments

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German shipping bank HSH Nordbank is preparing several major divestments in an effort to rid itself of the debt resulting from the bank's shipping portfolio, HSH Nordbank's Head of Domestic Shipping 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.

Panalpina grows on seafraight

Services:

Panalpina follows the same trend as competitor Kuehne+Nagel with an 8 percent improvement for the company's seafreight division in the first half of the year.

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Smooth strategy change at Lauritzen Bulkers

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Lauritzen Bulkers has plenty of room to grow, says the carrier's president Peter Borup in an interview with ShippingWatch.

Danske Bank continues to cut shipping loans

Services:

Danske Bank's shipping loans have been reduced in the first half of the year, a development that falls in line with the bank's strategy.

Euronav sees rate hike for VLCCs and Suezmax

Tanker:

Stock-listed Belgian carrier Euronav achieved an operating profit of USD 68.6 million in the first half of the year, and the carrier plans to continue its buying streak following the Maersk purchase and other acquisitions.

Frontline cancels contracts for three VLCC's

Tanker:

John Fredriksen-controlled tanker carrier Frontline has to pay USD 58.8 million to cancel contracts with another Fredriksen company.

Piracy against small tankers a growing threat

Carriers:

Attacks against smaller tanker vessels in Southeast Asia has become a growing threat, according to a biannual report published by the International Maritime Bureau - IMB.

British authorities begin consultations on Eurotunnel

Carriers:

The British Competition and Markets Authority has initiated consultations on how to handle the closure of DFDS competitor Eurotunnel's ferry operations.


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