Login
transeuropa.jpg
Photo: Finnlines

Finnlines invests again after new record result

Carriers:

The RoRo carrier beat its own record in the first quarter, and the CEO expects continuing strong performance due to, in particular, positive developments in the Finnish market. The company is launching a new large-scale investment program.


BY DANIEL LOGAN BERG-MUNCH
Published 17.05.17 at 14:24

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 Carriers

Here are the world's richest shipping families

Triple E at PTP.JPG Carriers:

The shipping business has been particularly noted for creating massive family fortunes around the world. The Maersk family occupies the 2nd place on Alphaliner's list of the 21 richest shipping families.

This week's top stories on ShippingWatch

Carriers:

This summer week brought several key stories. ShippingWatch reported on the Danish Attorney General's indictment against Lars Møller of OW Bunker. The first half year results of bulk and container bode well for the two sectors. And the new Dan-Bunkering CEO unveiled his ambitious growth target.

Fewer students apply to maritime programs

Carriers:

The number of students applying for maritime programs at universities in Denmark dropped almost 12 percent in 2017. Applying for the maritime programs should be made more attractive and flexible, says Danish Shipping.

30 employees run the world's largest tanker company

Carriers:

John Fredriksen's Frontline and Frontline 2012 are both gigantic and extremely small, all at the same time. Just 30 full-time employees operate the world's largest tanker company.

German family acquires SAL from Japan's K-Line

Carriers:

The Briese and Harren family have a firm grip on the global heavy lift segment after K-Line has agreed to sell SAL Heavy Lift to company Salto, owned by Martin and Peter Harren. With Briese owning BBC Chartering and working closely together with Harren, the concentration of the segment in North Germany seems absolute.

This is how much shipowners earn on product tank

Carriers:

Eco-design ships deliver the industry's highest profits in product tank, according to a survey of several carriers' profits. But the difference is minuscule compared to traditional Danish-operated ships such as Torm and Hafnia with no eco ships yet.

Current front page

First time since high school without a Maersk business card

Tim Wickmann, CEO, MCC Transport.jpg Container:

CEO Tim Wickmann has been with Maersk since he left high school 27 years ago. As such, his departure from Singapore-based MCC is more than a mere job change, he tells ShippingWatch.

Pacific Basin: Worst of dry bulk slump is over

Bulk:

Dry bulk carrier Pacific Basin improved its bottom line significantly in the first half of 2017, and the carrier is optimistic about the prospects in the dry market going forward.

Rieber preparing for clean-up after the downturn in offshore

Offshore:

Following a USD 90 million deficit in 2016, the former Viking Supply Ships CEO Christian W. Berg will play a key part in turning developments around at Norwegian GC Rieber Shipping. ShippingWatch has interviewed Chairman Paul-Chr. Rieber about the opportunities facing the carrier.

Rystad Energy: At least 110 rigs must go to curb downturn

Offshore:

Massive overcapacity in the jack-up rig market means that 110 rigs need to be go before the market can return to balance and the downturn in recent years can be curbed, says Rystad Energy.

Strong OOCL result bodes well for container sector

Container:

Container carrier Orient Overseas Container Lines (OOCL), which is on track to be sold to Cosco, can look back on a second quarter with a significant boost in revenue. Stronger rates indicate an overall positive result for the container sector in the second quarter, says Fearnleys.

Oil companies trim drilling budgets in sign of rising caution

Offshore:

Oil companies are slashing their capital spending plans in an effort to cope with oil prices which are below USD 50.

ADVERTISEMENT

Vacancies

ADVERTISEMENT