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Photo: /ritzau/Joachim Ladefoged

Credit bureau predicts huge loss in Monjasa

Services:

According to credit agency Infospectrum, Monjasa faces a huge deficit in 2016, which was also the year that the company was convicted of serious fraud. However, business seems to be back on track. Monjasa confirms the result to ShippingWatch.


BY OLE ANDERSEN | NIKLAS KRIGSLUND
Published 22.05.17 at 14:28

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Weak offshore market drags down Boskalis

Boskalis.jpg Services:

Dutch Boskalis was hit by the weak offshore market in the first half of the year, as the net result dropped almost 50 percent to EUR 75.1 million compared to last year.

HSH Nordbank's non-performing loans hurt German states

Services:

The state-owned company that took over the non-performing shipping loans from HSH Nordbank, as part of the rescue plan for the bank, had to make significant impairments last year.

ShipServ presents first profit in 14 years

Services:

Rooted in a combination of shipping and IT experience from Silicon Valley, the idea of a digital shopping platform for the maritime industry looked like an obvious business idea. Still, it would take 14 years for Paul Østergaard's company ShipServ to turn a profit.

HSH Nordbank has received offers from several interested buyers

Services:

Several potential buyers of Germany's biggest shipping bank have submitted preliminary offers for the struggling bank, which the state owners have pledged to sell and privatize.

Bunker Holding eyes 14 potential acquisitions ahead

Services:

The past fiscal year dealt a blow to Bunker Holding's bottom line but did not damage CEO Keld R. Demant's expansion ambitions. "It's an industry that is ready to be changed and consolidated," he tells ShippingWatch.

Copper anniversary changed the course for Bunker Holding CEO

Services:

A random encounter at a copper anniversary party many years ago marked a turning point in Keld R. Demant's career. He currently serves as CEO of Bunker Holding. It is crucial to find a good boss in order to make a career for yourself, he says.

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Smedegaard aims to land two acquisitions this year

DFDS CEO Niels Smedegaard 2-version1 Carriers:

The second quarter was historically good for DFDS which also bought new vessels during the period. CEO Niels Smedegaard tells ShippingWatch that there are two acquisitions in the pipeline, which he hopes to land this year. "It is a nice situation to be in," he says.

Jan Rindbo: Dry bulk rates must rise to ensure profit

Bulk:

They have seen the highest dry bulk rates in four years but it is still not enough, Norden CEO Jan Rindbo tells ShippingWatch. The carrier's bright spot came in the form of the struggling tanker segment.

Alphaliner: APM Terminals could be leaving India

Ports:

An Indian newspaper reports that APM Terminals is preparing to sell its large stake in port Gateway Terminals India. If the sale happens, it could indicate that APM Terminals is on track to leave India entirely, writes Alphaliner in an analysis.

Svitzer will sell 11 laid-up vessels

Carriers:

The Maersk Group's towage company Svitzer will sell 11 laid-up vessels which have no prospect of securing work at sustainable prices due to market overcapacity.

Weak offshore market drags down Boskalis

Services:

Dutch Boskalis was hit by the weak offshore market in the first half of the year, as the net result dropped almost 50 percent to EUR 75.1 million compared to last year.

Maersk Drilling wins contracts for three rigs

Offshore:

Maersk Drilling has landed contracts and secured more work for three of its drilling rigs. One is a new contract while two are extensions on current projects.

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