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14/03/2014at 14:50

This week's top stories on ShippingWatch

Several banks pulled out of Torm, which was again forced to sell ships, while Norden presented a slightly weaker result than expected, and the NOx decision moves closer.
BY KATRINE GRØNVALD RAUN

Torm and the banks

Danish Ship Finance pulled out of Torm, and the carrier is once more forced to sell ships to Oaktree Capital. Nordea also wanted out, though the bank did not gain much:

Danish Ship Finance forces Torm to sell 13 ships

Stock exchange watching Torm closely

Nordea sold its Torm debt at a low price

NOx decision approaching

On March 31st, the IMO's Marine Environment Protection Committee will start a series of meetings lasting the full week, and one of the major hurdles will be the NOx debate, and whether the 2016 implementation date is postponed or not:

EU abandons joint stance on NOx ahead of IMO summit

Shipowners meet Russians halfway on NOx rules

Europe's biggest ports support NOx regulations from 2016

Will Russia succeed in postponing the NOx regulations?

Norden stumbled in the 4th quarter

2013 became a year for investments, not profits, as Norden CEO Carsten Mortensen said after the carrier published its annual report for 2013:

Norden suffered USD 48 million deficit

Norden to gear investments in new strategy

Further reading:

Thomas Thune Andersen new Chairman of Dong

DFDS rival lost EUR 22 million on the Channel

Allianz: New mega ships coming in a few years

EU Parliament abandons plan to liberalize ports 

Related articles:

  • EU Parliament abandons plan to liberalize ports

  • Allianz: New mega ships coming in a few years

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Foto: Staff/Reuters/Ritzau Scanpix
Logistics

DSV sees one advantage of downturn: It will be cheaper to buy competitors

Acquisitions are decisive for growth at logistics group DSV, and with prospects of declining freight volumes, the prices of acquisitions will fall. DSV will use this to its advantage, according to CEO Jens Bjørn Andersen.
  • DSV books a much improved 2022 result – but a new reality now awaits
  • DSV aims to grow further via acquisitions with market consolidation still very far away

For subscribers

Hans Lind Dollerup er ny managing director for Dan-Bunkerings europæiske forretning. Selskabet har også hyret en ny kommerciel direktør i Europa. | Foto: Dan-Bunkering
Suppliers

Dan-Bunkering hires new management for Europe

For subscribers

Foto: Rebecca Naden/Reuters/Ritzau Scanpix
Tanker

Euronav retains substantial dividend due to merger strife

For subscribers

Foto: A.p. Møller – Mærsk, Verity/pr
Logistics

Maersk deploys drones in US inventories

For subscribers

Foto: Zhang Ke/AP/Ritzau Scanpix
Offshore

There aren't enough ships to install giant wind turbines across Asia

For subscribers

Genrebillede. | Foto: Lee Jae Won/Reuters/Ritzau Scanpix
Logistics

Expeditors hit by claim from robot company after extensive cyberattack

For subscribers

Further reading

Genrebillede. | Foto: Lee Jae Won/Reuters/Ritzau Scanpix
Logistics

Expeditors hit by claim from robot company after extensive cyberattack

US-based Expeditors is facing claim from a customer citing business difficulties resulting from the freight forwarder’s paralysis caused by a cyberattack a year ago.

For subscribers

Foto: A.p. Møller – Mærsk, Verity/pr
Logistics

Maersk deploys drones in US inventories

The Danish shipping giant is testing the use of drones at the company’s US inventories in an attempt to improve warehouse inventory systems.

For subscribers

Foto: DSV
Logistics

DSV books a much improved 2022 result – but a new reality now awaits

Danish logistics firm DSV delivered strong top and bottom line progress last year, but the company is setting the stage for a very different 2023.

For subscribers

Latest news

  • Maersk deploys drones in US inventories – 2 Feb
  • Expeditors hit by claim from robot company after extensive cyberattack – 2 Feb
  • DSV sees one advantage of downturn: It will be cheaper to buy competitors – 2 Feb
  • Euronav retains substantial dividend due to merger strife – 2 Feb
  • Dan-Bunkering hires new management for Europe – 2 Feb
  • Mærsk Center for Zero Carbon hires new executive from port company – 2 Feb
  • Stolt-Nielsen expects good times ahead for chemical tanker after new profit – 2 Feb
  • There aren't enough ships to install giant wind turbines across Asia – 2 Feb
  • Creditors in crisis-stricken Dof request bankruptcy proceedings – 2 Feb
  • DSV books a much improved 2022 result – but a new reality now awaits – 2 Feb
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