Login
Klaveness22.jpg
Photo: Klaveness

Klaveness' deficit grew in 2016

Bulk:

Norwegian dry bulk and container carrier Klaveness lost revenue and increased its deficit in 2016. The carrier continues to bet on combination carriers despite the negative developments.


BY LOUISE VOGDRUP-SCHMIDT
Published 15.02.17 at 09:14

Log in to read articles

Some of our content is exclusively for subscribers.

Try ShippingWatch free for 14 days

Get 14 days free trial access

Sign up for ShippingWatch newsletter
Most read Bulk

Ultrabulk vessel detained in Panama

Ultrabulk31.jpg Bulk:

A vessel from carrier Ultrabulk loaded with phosphate has been detained in Panama. Ultrabulk is breaching international laws, says NGO. The cargo is legal, says Ultrabulk CEO Per Lange, who is backed by association Danish Shipping. The vessel has been released Monday.

Analysts: Dry bulk shares will be winners in 2017

Bulk:

After a brutal start to 2016, it now seems that 2017 will be a much better year for dry bulk carriers such as Norden and Golden Ocean, which currently boast positive recommendations from Danske Bank as well as Clarksons Platou.

Owner and CEO agree: J. Lauritzen will not need more capital injections

Bulk:

There will be no need to inject more money from Lauritzen Fonden into J. Lauritzen, agree the managing director of owner Lauritzen Fonden and the carrier's CEO in comments to ShippingWatch. J. Lauritzen has received a little over USD 194 million from the owner in 2016 and 2017.

Million dollar fees for owners hit Scorpio

Bulk:

Two of the shipping industry's most renowned carriers, Scorpio Bulkers and Scorpio Tankers, are paying out huge fees to related parties. "Unfortunate and burdensome for companies and shareholders", says Deutsche Bank.

Oldendorff has no ceiling, dress code or executive offices

Bulk:

All executives have day-to-day jobs – and no one has his or her own office. At one of the world’s largest dry bulk operators, Oldendorff Carriers, things are markedly different than the shipping industry is used to.

JP Morgan: Dry bulk market will be even worse in 2016

Bulk:

In a new report, investment bank JP Morgan points to bleak prospects for the dry bulk sector in 2016. Read on to learn what the bulk carriers are up against next year.

Current front page

Lloyd Fonds: Endgame underway for shipping in Hamburg

Torsten Teichert.jpg Services:

There are no real values of note in the German shipping sector right now, according to Lloyd Fonds. The company is scaling down its investments in the segment and would prefer to be on the sideline of what CEO Torsten Teichert describes as the endgame in Hamburg.

CMA CGM achieved a profit in strong Q1

Container:

Container carrier CMA CGM increased its net earnings in the first quarter 2017, which marked a big improvement compared to the same period last year. The acquisition of APL contributes positively to the business for the first time.

Monjasa confirms deficit of USD 26 million

Offshore:

Danish bunker group Monjasa presented financial figures Tuesday showing a USD 26 million loss. "It's hard to protect yourself from a global shipping crisis," says CEO Anders Østergaard. First quarter 2017 saw a profit, informs the company.

Competitors overtake Maersk Line in 2017

Carriers:

2017 showed the first signs of improvement in the struggling container market, according to a comparison of first quarter results from the major carriers carried out by SeaIntel. It also shows that Maersk Line has fallen behind several of its competitors on the earnings front.

The Gothenburg port conflict enters a new stage of deadlock

Ports:

The Port of Gothenburg has now been hit by APM Terminals' lock-out in the intense conflict with port workers. For this reason, the port company has been forced to limit service throughout the rest of May and the month of June. Customers are leaving the port due to the conflict.

MPC Capital is now buying container ships

Services:

German asset manager MPC Capital has now tapped into USD 100 million the company raised back in April. MPC has purchased seven container ships, while another six are headed for delivery. Hamburg Süd's CEO will join the board of directors at MPC Container Ship.

ADVERTISEMENT

Vacancies

ADVERTISEMENT