Nordea's earnings from Shipping, Offshore and Oil Services increased five percent in the 3rd quarter 2014 compared to the same period last year. And the bank states in its interim report, published Wednesday morning, that net deficits from this business area were reduced significantly, just as the bank's lending credit quality also improved.
"Compared to the third quarter last year, income remained at about the same level as an increase in commission income and loan margins compensated for the reduced loan volumes," says Nordea, the largest banking group in the North and one of the world's biggest shipping banks.
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
Italy keeps MSC and Lufthansa waiting regarding decision on airline privatization
MSC and Lufthansa are eagerly awaiting Italy’s departing government’s decision on the privatization of airline company ITA, which is supposed to arrive within few days.
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.
Logistics coordinator with responsibility for our shipping activities 
Senior Associate – Group Strategy Office 
Head of Airfreight 
Legal secretary for Shipping / Offshore / Transportation 
A lawyer (chief consultant) is wanted for People & Culture 
Bunker Trader - Copenhagen 
Experienced Bunker Trader - Tønsberg/Oslo 
Operations Manager for B-Gas A/S in Copenhagen 
Operations Controller – Weco Tankers 
Assistant Fleet Superintendent 
Adm. Director of Svendborg District Heating