The shipping sector and the improved conditions in the business form part of the reason that DNB's profit in the first quarter is higher than it was in the same period last year.
The Norwegian bank has done numerous things to improve its shipping portfolio, and these measures are now paying off. One measure has been to cut some of the non-performing loans, to reduce the DNB's exposure to the fluctuations of the business, while the bank has also tried to monitor its shipping loans more stringently than it has in the past. The bank is also working hard with the major shipping loans it has granted.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Celsius Shipping slows a bit down after record year in 2021
Last year was the busiest to date for Celsius Shipping. Purchase and sale of ships have occurred at a slower pace this year, but Chairman Jeppe Jensen still deems 2022 a year with ”good activity.”
HHLA advances despite chaotic market
Port company Hamburger Hafen und Logistik has seen much progress this past half year despite ”major operational challenges” on a volatile market.
Borr Drilling seeks capital in the US
Tor Olav Trøim’s Borr Drilling searches for capital in the US and plans to issue shares on the New York Stock Exchange, a company statement reveals.
Persistent Svitzer spat set to end in Australian labor court
Maersk-owned carrier Svitzer and three Australian labor unions have been negotiating new work conditions for years, until the tugboat operator asked Australia’s Fair Work Commission to end the dispute.
Ten people arrested for illegal fuel trade in Singapore
The Singaporean police suspects ten persons of having made illegal dealings with ship fuel. The ten people have been arrested as well as charged with fraud and handling stolen goods.
Adm. Director of Svendborg District Heating 
Assistant Fleet Superintendent 
Senior Associate – Group Strategy Office 
Legal secretary for Shipping / Offshore / Transportation 
Operations Manager for B-Gas A/S in Copenhagen 
A lawyer (chief consultant) is wanted for People & Culture 
Experienced Bunker Trader - Tønsberg/Oslo 
Operations Controller – Weco Tankers 
Bunker Trader - Copenhagen 
Head of Airfreight 
Logistics coordinator with responsibility for our shipping activities