"It hasn't become any easier to understand why we've been downgraded five notches (credit grades) over time, in light of the results we've achieved during the worst shipping crisis in many years. But the Danish bond market is very much capable of seeing the actual risk of buying our bonds, which are traded at a price level that reflects the underlying risk," says Danish Ship Finance CEO Erik I. Lassen after a 2nd quarter interim report that showed a USD 149 million profit, compared to USD 19.7 million in the same period last year.
The result was characterized by an increased repayment of previous lending impairments.
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
Sky-high gas prices put economic pressure on carriers with LNG-powered ships
The price difference on LNG and heavy fuel is historically high, adding pressure on carriers which have banked on LNG as a marine fuel, says analyst. CMA CGM and Hapag-Lloyd have chosen two different approaches with their dual-fuel fleets.
Maersk orders six methanol-prepared container ships
With new commissions of six box vessels, Maersk now has 19 ships on order equipped to sail on green methanol.
DB Schenker: New IMO rules could have "big impact" on carrier capacity in 2023
A large number of the world’s container vessels will be forced to sail slower once the IMO’s CO2 rules come into force next year, DB Schenker executive predicts. The rules will ”result in a big redesign of all our schedules.”
Hapag-Lloyd buys terminal and logistics business for USD 1bn
German container line Hapag-Lloyd has made a deal about taking over South American terminal and logistics business SAAM Ports and SAAM Logistics for a price of USD 1bn.
Ammonia has big potential as shipping fuel – but will require enormous production
Ammonia, which can be environmentally damaging if handled incorrectly, has a very big potential as a future fuel for shipping. An order book will be seen in the market from 2028, forecasts research center.
IT Specialist 
Student Assistant for Program Management 
Purchase & Logistics Manager based in Copenhagen 
Freight and Logistics Officer 
Commercial Director - Europe 
Fleet Manager 
Experienced People & Culture Business Partner for the offshore wind industry 
Technical Superintendent