ShippingWatch

This week's top stories from ShippingWatch

The week brought half-yearly reports from five of the major Danish carriers: Maersk Line, Norden, Torm, DFDS, and J. Lauritzen. Meanwhile, several Danish shipping executives told ShippingWatch what drives them.

Maersk Line progressed with reservations

Maersk Line's development was positive with growth on the bottom line but analysts have reservations about whether things have, in fact, developed so positively at the world's largest container carrier.

Maersk Line missed out on growth in the container market

Maersk Line achieved USD 339 million profit in Q2

Impairments made by Maersk Tankers and APM Terminals dragged down the result for the entire Maersk Group.

Maersk Tankers books huge impairment on vessels

Here is an overview of the Maersk Group Q2 results

 

Norden maintained expectations despite a tough bulk and tanker market

Jan Rindbo: Dry bulk rates must rise to ensure profit

Norden lost USD 7 million on dry bulk in the second quarter

 

Torm satisfied despite tough product tanker market

Torm Executive Director eyes flat development in product tanker

 

DFDS declares itself ready for two acquisitions this year alone

Smedegaard aims to land two acquisitions this year

DFDS delivers Q2 pre-tax profit of DKK 495 million

 

No more major cost cutting at J. Lauritzen

J. Lauritzen still strained despite improvements

 

Management is about having the stomach to listen...

...among other things. This week, ShippingWatch's management series turned to Keld R. Demant from Bunker Holding.

Copper anniversary changed the course for Bunker Holding CEO

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Torm to issue new shares with support from equity fund

Danish tanker carrier Torm will issue 12.5 million new Class A common shares in a product placement guaranteed by major shareholder Oaktree Capital. The company has also revealed its expectations for last year's annual report.

EU approves state aid for Croatian shipyard

EU Competitions Commissioner Margrethe Vestager has approved the state guarantee which the Croatian government will provide for a EUR 96 million loan to a yard on the verge of bankruptcy. She says the state aid complies with EU regulations.

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