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.
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 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.
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.
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.
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.
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.
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.