There's no improvement to be found in the shipping industry, writes Danske Bank, which published its financial report for the 1st quarter 2013 today. The bank's exposure to the shipping market was USD 7.25 billion, compared to USD 7.43 billion by the end of 2012.
"The shipping industry remained under pressure globally in the 1st quarter 2013, where decreasing asset values resulted in a drop in received collaterals," writes the bank in the financial report.
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
ECSA: Norwegian bill on seafarers could be in breach of EEA Agreement
The European Community Shipowners’ Associations echoes the criticism from national associations regarding the Norwegian law proposal on seafarers’ pay and working conditions. The proposed law seems to overstep several international laws, according to the organization.
Safeen Feeders and Invictus Investments create dry bulk company
Safeen Feeders, a company under AD Ports Group, signs an agreement with Invictus Investment to create a new international dry bulk company.
Jan Dieleman has seen rates slide from above USD 70,000 last year to below USD 4,000 this year
Dry bulk spot rates have fallen dramatically throughout 2022 compared to the high levels seen last year, and there are no prospects of rates reaching the 2021 level any time soon, Cargill Ocean Transportation CEO Jan Dieleman tells ShippingWatch.
CMB chief acknowledges waning enthusiasm for green shift in shipping
Last year’s enthusiastic display in shipping regarding the green energy transition is harder to see now, after elevated costs and energy prices have stolen the spotlight, says chief executive of Belgian shipping group CMB Alexander Saverys to ShippingWatch.
Stormgeo will "add power" to Bunkermetric, also eyeing more tech acquisitions
With the sale to Alfa Laval-owned Stormgeo, bunker planning system Bunkermetric will be applied to thousands of ships. Now it’s about helping vessels navigate increasingly complex supply chains and environmental demands. The new owner is looking for more acquisitions.
Purchase & Logistics Manager based in Copenhagen 
Commercial Director - Europe 
Freight and Logistics Officer 
Student Assistant for Program Management 
Fleet Manager 
Technical Superintendent 
IT Specialist