News on Denmark.
The Danish government has earmarked DKK 12 million to monitor ships' sulfur use in the country's waters for the next four years. And starting next year, it could become possible to publicly name shipping companies caught violating the sulfur regulations.
Swedish tanker carrier Sirius Shipping has been charged with using foreign seafarers without work permits on four Danish-flagged tanker vessels. The defense says that this is a principal case and they are looking have it tried at an EU Court of Justice.
Denmark's Minister for Business and Growth affirms to ShippingWatch that the country will be a leading player in the field of autonomous vessels despite numerous challenges. He responds "soon" when asked when the first such vessels can operate in Danish waters.
A new growth package from the Danish government is intended to boost Danish shipping. Three elements of the package could give Denmark a better position in the tough international competition among shipping nations.
A Polish shipyard has, according to DR, employed North Korean workers during the construction of a new Danish inspection vessel Lauge Koch, which is being completed at Karstensens Shipyard in Skagen.
Danish police has issued 17 fines to carriers that have sailed with sulfur content that is too high, and thus illegal, in their fuel. ShippingWatch can name one Dutch, one Faroese, and one Singaporean carrier as Denmark's first three sulfur sinners.
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.
2,400 private investors have been granted legal aid to prepare a case against equity fund Altor and the former OW Bunker management team.
German software firm Hanseaticsoft, a specialist in digital solutions for the shipping sector with customers including UASC, will move in with partner Lloyd's Register at the latter's offices in Copenhagen. Read on to learn why.
The new Otto Danielsen, with Jens Grønning and Søren Andersen as partners, has bagged its first deal for the business and has thus exceeded its own expectations. "One clearly feels the lack of bank financing in the sector," they tell ShippingWatch.
The Danish energy major delivers a top line similar to last year's first quarter but has to enter 2017 with a lower result. CEO Henrik Poulsen calls the result "a good start to 2017."
Denmark is teaming up with countries including Finland and the UK to put pressure on the IMO to pass regulations concerning unmanned vessels, particularly for sailing in international waters. The countries' proposal will be discussed at a meeting this June.
The companies operating in the North Sea, including Maersk Oil, and a majority in the Danish parliament have agreed on a new deal for oil extraction in the North Sea. Maersk Oil is pleased with the agreement, which according to the company enables a full redevelopment of the Tyra gas field, which was otherwise facing closure.
Politicians in Greenland will this week assess whether the entire maritime political area can be brought back to Greenland instead of falling under the Danish Maritime Authority. The idea falls in line with Royal Arctic Line's plans to flag more of the carrier's vessels locally.
Nordic Tankers' headquarters in Copenhagen will be home to a new partnership with V. Group, headed by Carsten Brix Ostenfeldt (photo) as CEO, inform the parties.
Germany, the Netherlands, and Denmark plan to construct a huge artificial island in the North Sea. The project, which will cost billions of euros to complete, will serve as a hub for upwards of 7,000 offshore wind turbines. Shipowners eye significant potential. Find a video of the project here.
Temporary and modest tax relief meant that Maersk and DUC bowed out just half an hour before the Danish government presented a deal to Denmark's parliament concerning the sinking Tyra field in the North Sea.
According to Danish media Berlingske Business, Denmark's government and Maersk have landed a new deal concerning the North Sea which can secure the rescue of the Tyra field. The Danish Ministry of Finance rejects the rumor.
A Norwegian appeal court has sided with Transocean in a drawn-out case concerning the alleged evasion of taxes on dividends paid through a company in Denmark to the Cayman Islands.
More vessels have been caught with too much sulfur in their fuel this year than in 2015 when the sulfur requirements in Danish waters took effect, according to the relevant records. This number is still relatively low, says Denmark's Environmental Protection Agency.
Not a single exploratory drilling has taken place this year in the Danish North Sea shelf, and there is no promise of any in 2017. Struggling oil companies and one delayed bidding round are the reason, says the Danish state oil and gas company Nordsøfonden.
OW Bunker could have been saved, but equity fund Altor's unwillingness to put up USD 9 million ruined everything. This remarkable assessment comes from CFO Kent Larsen in relation to a lawsuit.
The oil price has dropped significantly since the former Maersk Maritime Technology CEO Bo Cerup-Simonsen was chosen to help boost oil productivity in the North Sea as Head of the DTU oil research center. The course of the efforts has been changed, he tells ShippingWatch.
Although the Danish Energy Agency has just upscaled projections for the Danish oil and gas sector, Denmark's term as an oil producing nation will expire many years sooner than expected.
Welltec improved on both revenue and results in the second quarter, but the company does not dare believe that the oil sector crisis is over, despite the fact that the industry is slowly adjusting to an environment with lower oil prices.
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