Gains for DVB in spite of tough shipping market

DVB more than doubled the net result in the first quarter and expects a solid result for the rest of the year. Risk costs will remain at the same level as previously due to a tough situation in some shipping segments, says CEO Wolfgang F. Driese.

BY KATRINE GRØNVALD RAUN

European shipping and transport bank DVB achieved a net result in the first quarter of this year of USD 84 million, which more than doubled compared to the same period last year where the result came to USD 38 million, according to the interim report Wednesday.

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Gains for DVB in spite of tough shipping market

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DVB Board of Directors hires new shipping chief

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Front page now

Affinity takes big hit by dropping Russia business: "Very painful"

Maersk settles case about fired whistleblower

DB Schenker owner to lay off 30,000 after huge loss

CMA CGM benefits from acquisition while ocean freight lags behind

Key ports in China have been busy in the first half-year

Russian commodities aren’t safe in Red Sea as Houthis attack

Customers will have to be patient after fire on Maersk ship

Spot rates out of China decline for the third week in a row

Startup wants to stop irresponsible ship recycling

DB Schenker says sale is proceeding as owner report major loss

MSC confirms commitment not to sail north of Russia

Chinese trading platforms drive up air freight prices

Further reading

DB Schenker owner to lay off 30,000 after huge loss

DB Schenker says sale is proceeding as owner report major loss

CMA CGM benefits from acquisition while ocean freight lags behind

Maersk settles case about fired whistleblower

DSV is on the hunt for efficiencies: "We believe this is due dilligence"

Affinity takes big hit by dropping Russia business: "Very painful"

Jobs

Further reading

DB Schenker owner to lay off 30,000 after huge loss

DB Schenker says sale is proceeding as owner report major loss

CMA CGM benefits from acquisition while ocean freight lags behind

Maersk settles case about fired whistleblower

DSV is on the hunt for efficiencies: "We believe this is due dilligence"

Affinity takes big hit by dropping Russia business: "Very painful"

Front page now

Affinity takes big hit by dropping Russia business: "Very painful"

Maersk settles case about fired whistleblower

DB Schenker owner to lay off 30,000 after huge loss

CMA CGM benefits from acquisition while ocean freight lags behind

Key ports in China have been busy in the first half-year

Russian commodities aren’t safe in Red Sea as Houthis attack

Customers will have to be patient after fire on Maersk ship

Spot rates out of China decline for the third week in a row

Startup wants to stop irresponsible ship recycling

DB Schenker says sale is proceeding as owner report major loss

MSC confirms commitment not to sail north of Russia

Chinese trading platforms drive up air freight prices