Nasdaq Omx News

Singapore Exchange Ltd (SGX) sees the potential to develop new freight derivatives centred on active Asian shipping routes and expand the use of freight derivatives with its acquisition of London's Baltic Exchange, a senior SGX official told Reuters. "We believe there are a number of opportunities that the Baltic Exchange and SGX can realise together, including the creation and adoption of new benchmarks of Asian shipping routes," Michael Syn, head of derivatives at SGX told Reuters. The Baltic's daily benchmark rates and indices are used to trade and settle freight contracts as well as for settling freight derivatives, or FFAs, that allow investors to take positions on freight rates in the future.

Hempel A/S announces that Anders Boyer-Søgaard, CFO and member of Executive Management of GN Store Nord A/S, will succeed CFO Kim Junge Andersen who will join Rockwool as CFO as per January 1, 2016. In 2007, Anders Boyer-Søgaard joined GN Store Nord where he is the CFO and member of the Executive Board. GN Store Nord is listed on Nasdaq OMX Copenhagen and is part of the OMX C20 index. GN Store Nord had 5,000 employees and revenue of more than DKK 7bn in 2014 in the two businesses GN ReSound and GN Netcom. Anders started his career with A.P. Moller in 1990 and worked in financial management roles in Copenhagen and Singapore. He joined Aston Business Solutions as CFO in 2000…

Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving seat of a remotely-operated vehicle (ROV) simulator. The Tullos Primary visit to i-Tech was organised by EnQuest as part of the company’s ongoing commitment to encouraging youngsters to consider a career in the oil and gas industry. Around 20 primary five pupils were shown why ROVs are increasingly becoming pivotal to the critical path of subsea operations during the tour at i-Tech, which is a division of Subsea 7 and a global-leading supplier of ROV and intervention tooling solutions.

A total number of 900 new Cargotec class B shares have been subscribed for with stock options 2010A. The entire subscription price of EUR 16,740.00 will be credited to the reserve for invested non-restricted equity. This means that Cargotec's share capital remains unchanged. The amount of class B shares after the subscription is 54,910,709. The corresponding increase in the number of Cargotec shares has been entered into the Finnish trade register on 3 November 2014, as of which date the new shares will establish shareholder rights. The shares will be traded on the NASDAQ OMX Helsinki Ltd together with the old class B shares as of 4 November 2014.

Swedish tankship owners Concordia Maritime inform of positive results in the first half of 2014 after the sale of shares in jointly-controlled entities, Stena Poseidon and Palva. Concordia Maritime is an international tanker shipping company. Its focus is on cost-effective and safe transportation of refined petroleum products and vegetable oils. The company’s B shares were admitted to trading on Nasdaq OMX Stockholm in 1984.

Maha Energy Inc. and Palliser Oil & Gas Corporation  are pleased to announce that they have entered into an amalgamation agreement pursuant to which Maha and Palliser will amalgamate to form a new corporation to be called "Maha Energy Inc.". Palliser has also closed a minor asset disposition with Maha and entered into two farmout arrangements with Maha. Pursuant to the Amalgamation, shareholders of Palliser will receive 0.1393 of a common share of New Maha for each common share of Palliser and shareholders of Maha will receive one New Maha Share for each common share of Maha. Based on the price of US$1.25 per Maha Share, being the price at which Maha recently raised US$10 million of gross proceeds in a private placement of Maha Shares…

"If the exchange offer for all the shares in Rautaruukki announced by SSAB on 22,January 2014 is completed, the ownership of SSAB in Rautaruukki would, upon the completion of the settlement trades of the shares tendered into the exchange offer by 5, May 2014 (including the acceptance of the exchange offer by Rautaruukki's largest shareholder Solidium Oy, in accordance with the undertaking provided in advance by Solidium Oy) exceed 50 percent of all the shares and voting rights in Rautaruukki. SSAB would, upon the completion of the settlement trades of the shares tendered into the exchange offer by 5 May 2014 gain the hold of 70,639,731 of Rautaruukki's shares, which would equate to 50.40 percent of the total outstanding shares and votes in Rautaruukki.

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980s. Ship owners ordered large numbers of vessels between 2007 and 2009, just as the global economy sank into crisis. Prospects have brightened in recent months as world trade picks up and the ship glut is absorbed. The industry still faces a multi-billion dollar financing hole after banks…

When Gustaf de Laval read in 1877 an article in the German periodical ”Milchzeitung” (Milk News Paper) about centrifugal separators, he certainly did not expect that it would lead to his founding of a global acting company with around 16,400 employees nearly 140 years later. His first continuous separator, with a capacity of 130 liters per hour, was demonstrated 1879 in Stockholm; and four years later, in 1883, he and his partner, Oscar Lamm, established the company AB Separator.

Although the well-known Finnish company Wärtsilä has a very long history, it was founded in 1834, the diesel engine era begins when the company signs a license agreement with Friedrich Krupp Germania Werft AG in Germany. The first diesel engine sees the light of day in Turku in November 1942. From there on Wärtsilä passed a number of rapid expansions in all fields of products. Some of the products stayed and some disappeared. The concentration of being a full solution provider for the maritime industry started in the early 2000’s after lots of talks with potential customers worldwide.

Neste Oil extended its VSAT services with Marlink while upgrading its network and on board satellite hardware. As part of the contract extension, Marlink is installing new VSAT antennas on all eight Neste Oil vessels whilst migrating the fleet to the established iDirect platform. The delivery, based on Marlink’s Sealink VSAT services also features multibearer support and the @SEAoptimizer solution, which is designed to enhance the efficiency of satellite data communications, optimize bandwidth utilisation and enhance the performance of web browsing and file transfers.

Royal Caribbean Cruises Ltd (RCL) recognized as one of the top 100 companies in the world for its sustainability practices. The NASDAQ OMX CRD Global Sustainability Index is designed to track the performance of companies that are taking a leadership role in sustainability performance reporting. These companies have voluntarily disclosed their carbon footprint, energy usage, water consumption, hazardous and non-hazardous waste, employee safety, workforce diversity, management composition and community investing.

Lundin Petroleum AB has commenced the fourth well in its 2012 Malaysian exploratory drilling campaign. Tembakau-1 exploration well in PM307 Block, offshore east coast Peninsula Malaysia, is a vertical well to be drilled by the jackup rig West Courageous to a depth of 1,650 metres in approximately 80 metres water depth. The drilling of the well is expected to take two to three weeks. Lundin Petroleum holds 75 percent interest in PM307 through its subsidiary Lundin Malaysia BV. Lundin Malaysia BV's partner is PETRONAS Carigali Sdn Bhd with 25 percent interest. Lundin Malaysia BV operates six blocks in Malaysia, namely PM307, PM308A, PM308B, SB303, SB307 & SB308.

EnQuest PLC, the largest UK independent production company in the UK North Sea, has reached a new North Sea safety milestone by recording five years free of Lost Time Incidents (LTIs) on drilling operations in the Thistle field. The LTI achievement covers a period of major operational activity which saw EnQuest bring Thistle drilling back online to drill its first new wells in 20 years. EnQuest’s drilling team, supported by a KCA Deutag drill crew, an Aker well services crew and a range of other offshore contractors have taken Thistle from a rig upgrade through to rig start up…

Nordic Shipholding A/S completes sale of chemical tanker activities. In continuation of company announcement no. 1/2012 published via NASDAQ OMX on 27 March 2012, Nordic Shipholding A/S (formerly Nordic Tankers A/S) today has completed the sale of its chemical tanker activities to a company controlled by Triton, a European investment company. The acquiring company has today changed name to "Nordic Tankers A/S".

Veson Nautical, a provider of maritime commercial management and trading software solutions, today announced that Dampskibsselskabet NORDEN A/S (NASDAQ OMX Copenhagen A/S: DNORD), one of the oldest and most respected listed shipping companies in the world, has purchased Veson Nautical’s Integrated Maritime Operations System (IMOS). Veson Nautical’s IMOS software will now manage chartering, operations, and voyage accounting related functions for NORDEN’s modern fleet of 210 dry cargo and product tanker vessels. “We selected Veson Nautical because IMOS met our expectations for a flexible shipping system that fits well into our business processes,” remarked Sture Freudenreich, Director / Head of IT at NORDEN.

Published via NASDAQ OMX on 28 February 2011 Pursuant to section 6 of Executive Order no. 1273 of 16 December 2008 on issuer’s disclosure obligations, it is hereby announced that at the end of February 2011 the total share capital of Nordic Tankers A/S amounts to DKK 37,764,888 distributed on 37,764,888 shares with a nominal value of DKK 1, and corresponding to 37,764,888 votes.   The updated articles of association were made public in company announcement No. 5/2011 of 14 February 2011.

Nordic Tankers A/S and WOMAR Logistics Pte. Ltd. have reached an agreement to establish a jointly owned independent pool management company with the name of “Nordic Womar”. Nordic Womar will initially manage two pools of coated chemical tankers with a total of approximately 40 vessels in the 10,000 to 25,000 deadweight tonnes (dwt) segment. The agreement is made in continuation of the joint marketing agreement that commenced 1 June 2010, where Nordic Tankers and WOMAR started marketing each others' coated chemical tankers in the range of 10,000 to 17,000 dwt in their individual areas of primary marketing strength. The marketing agreement combined Nordic Tankers’ strength in the West with WOMAR's strength in the East…