Profit declined for Maersk Broker in 2019

Maersk Broker reports a profit of DKK 43.4 million for 2019 compared to DKK 55 million the year before. The corona crisis generates considerable uncertainty as to the 2020 result, which is, however, expected to finish in line with last year.

DP World joins Tradelens

Port operator DP World joins Maersk's digital venture Tradelens. The integration, which will hook DP World up to the platform, has already begun. Unifeeder will also become part of Tradelens.

Skuld books first technical deficit in 16 years

Marine insurance company Skuld saw several claims in its staggered fiscal year 2019/2020, which ended with the first technical deficit in 16 years. The company's bottom line shows a large profit, however, and the CEO highlights a better renewal of tonnage than in recent years.

New oil scandals put the spotlight on Singapore's rule of law

It is crucial that the cases concerning million dollar fraud at oil traders Hin Leong and Zenrock are handled by the book, says a maritime lawyer. He notes that Singapore's reputation as a state where everyone is equal under the rule of law is at stake.

Ardent shuts down its business

Salvage company Ardent shuts down its business, according to an update on LinkedIn. The closure comes after a sale of the US business to a competitor.

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