The CEO of stock-listed Norwegian supply company EMS Seven Seas, formerly a part of the Eitzen Group, Morten Persen, resigns from his position following financial result this quarter that failed to please the company's Board of Directors.
Even though the 3rd quarter operating result (EBITDA) brought a slight improvement at USD 1.4 million, compared to USD 1.3 million in the previous quarter, the interim report shows disappointing profit developments in spite of several efforts to improve the results, along with the fact that the company has launched a series of initiatives.
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
CEO wants to keep DB Schenker brand – buyers stand ready
While the German government is considering a privatization of DB Schenker, the logistics group’s CEO, Jochen Thewes, believes the Schenker brand, which is the world’s fourth largest within logistics, deserves a future.
Ukrainian minister expects last minute extension of crucial sea transport deal
Extending the UN-coordinated agreement for Black Sea transport likely won’t happen until right before deadline, says Ukrainian minister. 231 dry cargo vessels have so far carried 5.3 million tonnes of grain and other foods through the corridor.
Waning demand has Maersk sailing slower
Maersk’s fleet of container ships are to slow down in reaction to a significant drop in demand, CEO Søren Skou tells Reuters in an interview.
Container carriers improved schedule reliability in August
Major container liners’ ability to arrive on time progressed in August, which saw the largest monthly leap so far in 2022, writes Sea-Intelligence.
Singapore's Sentek faces 42 charges in case of bunker stolen from Shell
The Singapore Police Force has brought 42 charges against Sentek Marine & Trading for having procured bunker oil between 2014 and 2018, which the company allegedly knew was stolen from a Shell refinery.
Student Assistant for Program Management 
Experienced People & Culture Business Partner for the offshore wind industry 
Managing Director - Europe 
Purchase & Logistics Manager based in Copenhagen 
Fleet Manager 
Freight and Logistics Officer 
IT Specialist 
Technical Superintendent