Danish bulker to make historic voyage
Danish bulker to make historic voyage
26-08-2010 12:00
SHIPPING: A historic event is set to take place in early September, as the Danish owned bulk carrier Nordic Barent, will carry a cargo of 41-000 tons of iron ore concentrate through Arctic and Russian waters - in Europe nown as the North East Passage - to China

EU to investigate P&I Clubs
29-08-2010 12:00
MARITIME SERVICE: The Eurpean Commision has made public, that it has opened formal proceedings to investigate whether the P&I Clubs' claim-sharing and joint reinsurance within the International Group of P&I Clubs, IG, infringe competition.
 Strong Q1 for Thrane & Thrane
28-08-2010 12:00
MARITIME INDUSTRY: The Danish producer of satellite communication equipment, Thrane & Thrane, increased its Q1 profit to 27m kroner, compared to a deficit of 1m kroner in !1 2009. Revenue increased 15% to 251m kroner from 218m kroner in Q1 2009.
Nordic Tankers loss of 12,4m dollar in 1H
27-08-2010 12:00
SHIPPING: Nordic Tankers posted a half-year net loss of 12,4m dollar. In Q2 Nordic Tankers managed a breakeven. The full-year expectations forecasting a loss before tax and write-downs of between USD 20 and 25 million remain unchanged
 Mikael Skov founds shipping company
25-08-2010 11:19
SHIPPING: Mikael Skov, former CEO of the Danish shipping company Torm, has announced that he will lead the process to create Tankers Inc., a shipping company focused on ownership and chartering of tonnage in the product tanker segment, headquartered in Denmark.
 Eitzen Bulk profit of 3,1m dollar in 1H
24-08-2010 12:00
SHIPPING: Eittzen Bulk Shipping, listed in Copenhagen and since Monday operating under the new name U-Sea Bulk Shipping, scored a 3,1 million dollar net-profit in the first half year 2010. Q2 ended with a deficit of 2 million dollar,

 Largest ever transport to Greenland
23-08-2010 12:00
MARITIME SERVICE: Blue Water Shipping has recently arranged the delivery of a 300mt engine for a power plant for Nukissiorfiit in Nuuk, Greenland. In addition to the engine, Blue Water also transported a 72mt generator and various spare parts.

API wins arctic tanker contract
22-08-2010 12:00
MARITIME INDUSTRY: API Marine has secured a contract for delivery of Cargo Monitoring and Level Indication System for an ice-breaker tanker, that was ordered by MMC Norilsk Nickel - Russia's largest mining and metal producing company - at the German shipyard Nordic Yards.
 New vessel design reduces consumption
21-08-2010 12:00
SHIPPING: By changing the design of 2 new Handysize dry cargo vessels, Norden has cuts off 11% of their fuel consumption, and hereby also the CO2 emission. The renewed design is expected to be used on more future Norden newbuildings.
Svitzer doubled its result in 1H 2010
20-08-2010 12:00
SHIPPING: The A. P. Moller - Maersk owned Svitzer has reported an improved result for the first half of 2010, despite low port towage and offshore markets. The net result was 73m dollar, up from 34m dollar last year.
 Torm posted pretax loss 22m dollar in 1H
19-08-2010 09:52
SHIPPING: Torm posted a loss before tax of 22 million dollar for the first six months of 2010. For Q2 the loss was 24 million dollar, in line with expectations and better than the same period a year ago. The management saw positive signs of recovery late in the quarter.
 Maersk profit of 2,5 billion dollar in 1H
18-08-2010 12:00
SHIPPING: A.P. Moller-Maersk scored a stronger than expected profit of 2,524 million dollar for the 1st half year 2010, compared to a loss of 539 million dollar in the 1st half 2009. As a result of higher freight rates and volumes in container shipping and rising oil prices, revenues increased by 20%.

 DFDS profit of 12,9m dollar in 1H
18-08-2010 11:00
SHIPPING: DFDS profit rose from a deficit of 43m kroner in the first half of 2009 - to a profit of 75m kroner in 1st half-year 2010. In Q2 the pre-tax profit improved by 120 million kroner, to 156 million kroner, excluding costs related to Norfolkline.

Norden posted a strong profit
17-08-2010 12:00
SHIPPING: Norden posted an operating profit for the first half-year of 179 million dollar, against 44 million dollar in the first half-year of 2009. In the second quarter, Nordens's operating profit increased by 246% to 100 million dollar.
 Scandlines appointes new CEO
16-08-2010 12:00
SHIPPING: Scandlines has appointed the 54 years old Swede Bengt Pihl as its new CEO. Pihl has long-term experience in the management of international companies and most recently, he was CEO of the Sanitec Group.
Rebranding of DFDS well underway
15-08-2010 12:00
SHIPPING: Following the Norfolkline-DFDS deal, one of the first tasks in the rebranding of DFDS, was the replacement of the Maersk logo by a DFDS logo - which, according to the agreement with Maersk, should be completed within the first 30 days.
 BIMCOs shipping outlook august 2010
14-08-2010 12:00
SHIPPING: There is no doubt that the main drivers in dry bulk shipping are beginning to show some muscle; China and perhaps even more so, vessel oversupply in particular in the Capesize segment, is responsible for recent weakness in rates as well as adding doubt to the future.
 Maersk switches fuel outside Houston
13-08-2010 12:00
SHIPPING: Starting in August, Maersk Line vessels will switch to low-sulphur fuel, at least 24 nautical miles from the shore as they approach Houston, Texas. This is the first extended use of low-sulphur fuels in the region.

 Soren Skou joins DFDS Board of Directors
12-08-2010 12:00
SHIPPING: At an extraordinary general meeting in Copenhagen, Soren Skou, Partner, CEO for Maersk Tankers and member of A. P. Moller - Maersk Group's Executive Board - was elected as a new member of the DFDS Board of Directors.

New Head of Torms Tanker Division
11-08-2010 12:00
SHIPPING: 38 years old Tina Revsbech has been hired to fill the position as Senior Vice President, Head of Torm's Tanker Division. Tina Revsbech comes from a position as Regional Sales Manager, Europe, Shell Aviation.
 Greenland demands strict drilling safety
10-08-2010 12:00
OPPSHORE: Drill for oil off Greenlands shores has been placed under the strictest requirements to date, according to the country's authorities. International attention to the dangers associated with oil drilling is helping to increase safety as test drilling has started
Lauritzen profit close to 100m dollar
09-08-2010 12:00
J. Lauritzen enjoyed a good start to the year. Lauritzens share of results totaled 99,6 million dollar for the first six months of the year, compared to 1.5 million for the first half-year in 2009
 O.W. Bunker announces new strategy
23-06-2010 12:00
MARITIME SERVICE: OW Bunker, one of the world's leading suppliers and traders of marine fuel, is implementing a new corporate strategy to support its significant growth, and to create a foundation for continued and sustainable expansion over the coming years.
 Norden raises its expectations for 2010
22-06-2010 12:00
SHIPPING: Norden has entered into agreements which improve earnings and optimise the newbuilding programme. On the basis of this, Norden raises its expectations for the operating profit (EBITDA) for 2010 by USD 30 million to USD 200-250 million

 Maersk wants to cut costs further
21-06-2010 12:00
SHIPPING: A. P. Moller - Maersk CEO Nils Smedegaard Andersen is satisfied with the result for the first quarter of 2010, and he thanks his employers for a job well done. But at the same time underlines, that new cost savings is on the way.

Advanced standby vessel for Esvagt
20-06-2010 12:00
SHIPPING: Esvagt has ordered a standby/rescue vessel of the Ulstein SX123 design. The vessel is a part of emergency preparedness in the Goliat field for operator Eni and will enter directly into a ten-year contract.
 Stena to charter space on DFDS routes
19-06-2010 12:00
SHIPPING: For many years, Norfolkline has chartered some of DFDS freight capacity on DFDS Esbjerg-Immingham/Harwich routes. In connection with DFDS' acquisition of Norfolkline, the EU Commission has requested, that the capacity continues to be available for charter by a third party.
DFDS acquisition of Norfolkline approved
18-06-2010 12:00
SHIPPING: The European Commission has approved DFDS acquisition of Norfolkline from A. P. Moller - Maersk. DFDS expects annual cost synergies effects of 180-220m Danish kroner, increased from previously estimates of 135m Danish kroner.
 Maersk to bye Alfa Laval cleaned water
17-06-2010 12:00
MARITIME INDUSTRY: Alfa Laval has received two orders of record size for Alfa Laval PureBallast systems from two leading shipyards in South Korea. The systems will be installed onboard 14 vessels built for A.P Moller - Maersk.
 DONG Energy supplying green energy
16-06-2010 12:00
OFFSHORE: Danish energy company DONG Energy has inaugurated its latest British offshore wind farm, Gunfleet Sands. The wind farm, located in the Thames Estuary off the Essex coast, will supply green power corresponding to the annual power consumption of some 125,000 British households

 Camillo Eitzen to sell Eitzen Bulk Shipping
15-06-2010 12:00
SHIPPING: Camillo Eitzen has entered into an agreement concerning the sale of its majority shareholding in Eitzen Bulk Shipping, corresponding to 74.3% of the company, to the Chilean shipping company Navieras Ultragas Ltda.

Blue Water opens second office in China
14-06-2010 12:00
MARITIME SERVICE: Blue Water Shipping has opened an office in Shanghai, its second office in China. It is Blue Waters increased involvement in the Chinese wind turbine industry, that has led to the decision, to open the new office in Pudong New District, Shanghai.
 Shipping Market Overview and Outlook
13-06-2010 12:00
SHIPPING: The independent international shipping association, BIMCO, has released its new Shipping Market Overview and Outlook - June 2010. It concludes, that the main shipping drivers looking healthier, but in a tricky environment.
DFDS expects EU-approval next week
12-06-2010 12:00
SHIPPING: The EU competition authorities are currently looking into DFDS' acquisition of Norfolkline. Ac-cording to the normal procedure, the EU will make a deci-sion within the period ending Thursday, 17 June.
 O.W. Icebunker expands its operations
11-06-2010 12:00
MARITIME SERVICE: O.W. Icebunker Ltd., part of the O.W. Bunker Group, has established new operations within North Norway offering customers access to products either in port, at the roads or at sea depending on their needs.
 Successful Danish shipping conference
10-06-2010 12:00
SHIPPING: On Thursday 10 June 2010, the Danish Maritime Authority and the EU Commission hosted a international shipping conference entitled "Meeting the Challenges for Global Shipping: Policies and Strategies" in Copenhagen.

 Lindo sells Lithuanian subsidiaries
09-06-2010 12:00
MARITIME INDUSTRY: Lindo Shipyard has entered into an agreement on the sale of Baltija Shipyard and BEC to BLRT Grupp. Lindo Shipyard is disposing of their subsidiaries as a consequence of the decision from August 2009 to close their shipbuilding activities.

Safety of navigation in the cold North
08-06-2010 12:00
SHIPPING: For long, the Danish Maritime Authority has strived to create the safest conditions of navigation for the increasing number of cruise ships in the Arctic regions and in Greenland waters.
 Safety package for Arctic navigation
07-06-2010 12:00
SHIPPING: The Danish Maritime Authority has - in cooperation with the Island Command Greenland and the Danish Meteorological Institute - made a safety package containing information about safety regulations and international recommendations.

Nordic Offshore opens in Faroe Islands
06-06-2010 12:00
SHIPPING SERVICE: Nordic Offshore has opened a branch office in Torshavn. It offers full Ship Management and several other services to ships sailing under Faroese flag.The owners behind Nordic Offshore Faroe Islands are Nordic Offshore, Samtrade Ltd and Pauli Joensen.
 Aalborg finalizes ballast water test
05-06-2010 12:00
MARITIME INDUSTRY: Aalborg Industries has successfully finalized the land-based tests towards obtaining IMO's "Type Approval" of its AquaTriComb ballast water treatment system with very satisfactory test results.
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