ShippingWatch

Last week's top stories on ShippingWatch

A strong result from DSV, prospects for the new Torm, prelude to next week's interim reports from the biggest Danish carriers, bunker company Endofa's costly launch were just some of this week's top stories on ShippingWatch.

Danish transport and logistics group DSV delivered yet another strong half-year result that beat the company's European rivals. And CEO Jens Bjørn Andersen notes that USA continues to deliver "exceptionally" well.

DSV made USD 140 million in first half of 2015

"North America delivers exceptionally in Air & Sea"

Jefferies: DSV leaves competitors in the wake

 

Like the other major Danish carriers, Torm will publish its second quarter interim report next week, but the company's ownership structure and capital base going forward is attracting most of the attention these days.

The new Torm projects USD 140 million profit in 2015

Introducing Oaktree's strong man on the Torm board

jacob meldgaard torm.jpg
Photo: Thomas Tolstrup

Torm replaces entire board of directors

 

Maersk Line is, as has historically been the case, the center of attention when the shipping and oil group publishes its results. This time analysts predict a downgrade.

The shipping industry counts down to August 13th

The benefit of higher Asia-Europe rates was short

Media: Analysts project Maersk downgrade

SeaIntel: Maersk Line in reliability setback

50 pct more idle container ships in July

maersk-line.jpg
Photo: Maersk Line

 

Danish bunker company has fired its CEO Lars Hoffmann, who wound serving just one year on the job - the industry has become tougher to navigate.

Bunker company fires CEO

IMG_7154_E.jpg

Founders lose millions on bunker company Endofa

Media: Tankoil bankruptcy can help solve OW issues

World Fuel Services notes big slide in earnings

 

Inchcape CEO Claus Hyldager stepped down, effective immediately, from the major London-based service and shipping logistics company. Hyldager spent nine years as CEO and spearheaded a massive expansion of the company.

Inchcape CEO steps down with immediate effect

 

The crisis in the international oil industry continues to trouble the sector, not least in Norway.

Norwegian shipping magnate in billion dollar investment

Atlantic Petroleum considers sale or merger

Oil price drops to less than USD 50

MAN: Carriers defy the oil price plunge

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