Crude oil boosted Maersk Tankers to massive profit

With a whopping USD 450 million improvement, not least due to the VLCC divestment, Maersk Tankers managed a turnaround following several years with negative results. But the positive effect from the low oil price will be a passing phenomenon, CEO Morten Engelstoft tells ShippingWatch.

BY OLE ANDERSEN

Maersk Tankers delivered a bottom line improvement of USD 450 million compared to the year before.

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Crude oil boosted Maersk Tankers to massive profit

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Maersk Tankers: Product tanker rebound is short-lived

Platou: Golden 2015 ahead for tankers

Euronav looks like analysts' tanker favorite in 2015

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Front page now

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Will the world come to need 12 million barrels of oil a day?

Poseidon Principles align with IMO climate targets

Royal Arctic Line's chief executive steps down

Broker sees benefits in Fredriksen's possible purchase of rival's tankers

Carriers go their separate ways on climate quotas

Russia takes more risks by increasing shipping on Arctic route

Everfuel and French fund to invest EUR 200m in hydrogen through joint venture

Gram Car Carriers lands multi-year contract worth USD 114m

Mississippi River waters dip toward record low in threat to US crop exports

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

Further reading

Carriers go their separate ways on climate quotas

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Will the world come to need 12 million barrels of oil a day?

Russia takes more risks by increasing shipping on Arctic route

Jobs