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Photo: PR-foto/DSV

DSV upgrades after all-time high results

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DSV delivered the group's best results ever for the first half of the year, says CEO Jens Bjørn Andersen in the company's interim report. The logistics group upgrades its full-year guidance and initiates share buyback program for DKK 1 billion.


BY DANIEL LOGAN BERG-MUNCH
Published 02.08.17 at 07:44

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Danish yards: Denmark back as shipbuilding nation

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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.

Maersk Broker delivered significant growth in 2014

Services:

Shipbroker Maersk Broker, which last year joined forces with Lightship Chartering to create the joint venture LMB Chartering, achieved significant growth in 2014. 2015 is off to a good start, especially in terms of consulting services, on which the company has grown its focus, CEO Anders Hald tells ShippingWatch.

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.

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.

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.

Blue Water Shipping's bottom line grew 80 pct

Services:

Blue Water Shipping had a good 2014 in which the bottom line grew by more than 80 percent and the revenue increased 11 percent. "Our position has been strengthened with increased market shares," says Blue Water Shipping CEO Kim Hedegaard Sørensen.

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CEO has leaned down J. Lauritzen for tough years

Mads Zacho 4.jpg Bulk:

CEO Mads P. Zacho has reduced expenses at J. Lauritzen in order to prepare the carrier for a protracted downturn on the dry bulk market. There is no need for more major cost cutting, he tells ShippingWatch.

Hafnia Tankers books deficit for Q2

Tanker:

Hafnia Tankers' bottom line went negative in the second quarter, as the market remains characterized by an oversupply of vessels and full oil deposits.

DFDS Executive VP: I've sometimes listened a bit too much

Carriers:

Is it possible to listen too much when collaborating? Yes, at times, says Executive VP Peder Gellert Pedersen of DFDS. For instance in the executive group. "I've been too attentive rather than forcing decisions through," he says in ShippingWatch's series on leadership.

Pacific Basin looking at new asset acquisition opportunities

Bulk:

Among the dry bulk carriers, Pacific Basin is one of the few players so confident in the market that it has performed a significant fleet expansion. And more could be underway. ShippingWatch has interviewed CEO Mats Berglund about where the optimism comes from.

Gothenburg port conflict could lead to bankruptcies

Ports:

The year-long conflict in the port of Gothenburg involving APM Terminals has proved expensive for Swedish industry. Swedish chamber of commerce projects that the conflict could trigger bankruptcies, according to newspaper Dagens Nyheter.

South Korean shipbuilders beat China in orders

Suppliers:

Shipyards in South Korea have surpassed China again in terms of receiving the most orders for new ships and platforms. The major South Korean yards have been in the doldrums in recent years, but 2017 has been positive so far.

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