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Commerzbank troubled by new losses on shipping

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Commerzbank continues to scale down its exposure to shipping which still affects the results negatively according to the bank's interim report.


BY OLE ANDERSEN
Published 02.08.17 at 09:29

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Weak offshore market drags down Boskalis

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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.

Bunker Holding eyes 14 potential acquisitions ahead

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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

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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.

Inchcape CEO steps down with immediate effect

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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.

Former APM Terminals CCO joins Wrist Executive Board

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Martin Gaard Christensen, former CCO at APM Terminals, will now head the Altor-owned supply company's expansion in Asia from Singapore, while also joining the company's Executive Board.

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J. Lauritzen still strained despite improvements

lauritzen1.jpg Bulk:

J. Lauritzen was able to reduce its deficit in the second quarter 2017. But an actual comeback for the strained dry bulk rates still seems far off, says CEO Mads P. Zacho.

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 under way. ShippingWatch has interviewed CEO Mats Berglund about where the optimism comes from.

Smedegaard aims to land two acquisitions this year

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.

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