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28/11/2022at 12:56

Tanker companies pay out massive dividends

Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Norden, spearheaded by CEO Jan Rindbo, is one of the tanker operators which are paying out major dividends to shareholders this year. | Photo: Lars Krabbe/Jyllands-Posten/Ritzau Scanpix
Af Dag Holmstad, Jens Bojsen Ruskov

The tanker market has completely turned around in 2022 after a miserable 2021 with large deficits, strained share prices and very limited dividends.

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Maersk group head at the time Jess Søderberg, Mærsk Mc-Kinney Møller, the Queen of Denmark, Margrethe II, and Prince Henrik of Denmark in 1997 when the ship was launched. | Foto: Carsten Andreasen/Ritzau Scanpix
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Maersk divests historic ship – was world's biggest in 1997

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Foto: Piroschka Van De Wouw/Reuters/Ritzau Scanpix
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Tim Power, managing director and head of maritime advisors at maritime consultancy Drewry, is skeptic about Maersk's land freight ambitions. The picture is from the Marine Money conference in London in 2020. | Foto: Marine Money
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Foto: borja suarez
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Car carriers have rarely seen such profits: "We are probably at an all-time high"

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Maersk rebrands Hamburg Süd and several other well-known subsidiaries

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Further reading

Foto: Pr/hafnia
Tanker

Major US investor divests half of Hafnia stake

A US private equity firm has made a large divestment of its Hafnia shares, withdrawing from the tanker operator’s board as well.

For subscribers

Tim Power, managing director and head of maritime advisors at maritime consultancy Drewry, is skeptic about Maersk's land freight ambitions. The picture is from the Marine Money conference in London in 2020. | Foto: Marine Money
Container

Drewry director eyes one central weakness in Maersk's strategy

Maersk has ended the partnership with rival MSC and faces a critical period where the carrier has to demonstrate how its logistics venture holds up. Drewry director is skeptical and predicts a tough price pressure from major forwarders.

For subscribers

Foto: PR-FOTO
Carriers

Stena Line postpones goal of higher female representation among managers

Due to a 2022 marked by cutbacks affecting the number of female employees, Swedish Stena Line has had to postpone a declared target of more women among company managers.

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Latest news

  • Maersk divests historic ship – was world's biggest in 1997 – 11:14
  • Port of Rotterdam expects regular bunkering of methanol by the summer – 11:13
  • Drewry director eyes one central weakness in Maersk's strategy – 10:26
  • Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands – 07:55
  • Blue Water founder promises future "focus on profitable growth" – 27 Jan
  • Borr Drilling raises USD 400m to pay off debt – 27 Jan
  • Income for ice class tankers has surged by 1,644 percent following sanctions – 27 Jan
  • Floating power station to provide energy for one million Ukrainians – 27 Jan
  • Maersk rebrands Hamburg Süd and several other well-known subsidiaries – 27 Jan
  • Car carriers have rarely seen such profits: "We are probably at an all-time high" – 27 Jan
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