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Copenhagen Stock Exchange News

08 Feb 2024

Maersk to Spin Off Svitzer

© harlequin9 / Adobe Stock

Denmark's A.P. Moller-Maersk said on Thursday it will spin off its towage and marine services activities and plans to list the new company on the Nasdaq Copenhagen stock exchange.Maersk has sought to streamline its business in recent years, spinning off oil rigs and other units that did not fit with its core shipping and logistics operations.The anticipated first day of trading for the shares of the new company, to be called Svitzer Group, is on April 30, Maersk said as it reported…

29 Mar 2019

Maersk Ditches Offshore Services Sale

(Photo: Maersk Supply Service)

A.P. Moller-Maersk said on Friday it had abandoned plans to sell its offshore services business, blaming tough market conditions for the blow to the Danish conglomerate's attempts to focus entirely on its transport and logistics business."This disturbs the tale they started to tell in 2016.

25 Feb 2019

Maersk Drilling Mulls Listing in Recovering Market

File Image: CREDIT Maersk Drilling

Drilling rig contractor Maersk Drilling, which will soon list on the Copenhagen stock exchange, said the offshore drilling market is improving as oil firms generate more cash and look to boost reserves.A fall in oil prices in 2014 prompted a severe downturn in the industry as oil companies cancelled or postponed exploration plans, reducing demand for offshore drilling rigs."What drives our faith in a market recovery is to a high degree the higher activity we see from the oil companies…

26 May 2016

DONG Energy Listing to Value Group at up to $16 Bln

Photo: DONG Energy

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but also into a business heavily reliant on government subsidies. State-controlled DONG Energy on Thursday set a price range for its initial public offering at 200 Danish crowns to 255 crowns per share. This would give the group a market value of 83.5 billion to 106.5 billion Danish crowns ($12.6-16.0 billion), potentially making it the Europe's biggest IPO this year.

12 May 2016

DONG Energy Set for Europe's Biggest Share Float This Year

Photo: DONG Energy

Danish wind farm developer DONG Energy, which analysts value as high as $13 billion, said on Thursday it plans to list its shares on the Copenhagen stock exchange this summer. Having built more than a quarter of the world's offshore wind farms, the company is a major player in Britain and Germany and has recently opened offices in the United States and Taiwan to cater for new growth markets. With a potential valuation as high as 85 billion Danish crowns (11.4 billion euros), Dong…

29 Sep 2014

FSL Trust Appoint Esben Poulson Independent Director

FSL Trust Management Pte. Ltd. (“FSLTM”), as Trustee- Manager of First Ship Lease Trust (“FSL Trust” ) informs it has appointed Esben Sofren Poulsson as Non-Executive Independent Director of FSLTM, effective from 30 September 2014. The Trust adds that Mr. Poulsson is a well-respected senior figure in the global shipping community with more than 40 years of industry experience. He has been a significant contributor in positioning Singapore as a world class maritime center, acting as an advisor to a number of key trade associations and related bodies in Singapore. He is currently a Council Member and Honorary Secretary of the Singapore Shipping Association and represents Singapore on the Board of the International Chamber of Shipping in London, of which he is a Vice Chairman.

11 Jun 2014

Thorco Chairman: More Ships and IPO

Thorco sees fleet expanding by 50 pct in coming years. Multi-purpose shipping company aims to list in Copenhagen. Drewry expects industry to pick up in next few years. Denmark's Thorco Shipping expects to expand its fleet by 50 percent in coming years and plans to list on the Copenhagen stock exchange when industry conditions improve, its chairman said. "It is the plan to list Thorco Shipping's shares in Copenhagen one day but the shipping market needs to be in better condition," Chairman Thor Stadil told Reuters by telephone on Wednesday. Thorco Shipping, established 11 years ago and controlled by the Stadil family, is the world's second-biggest transporter of goods bigger than container size such as wind turbines, industrial components for oil rigs and trains.

19 Jun 2013

Nordic Shipholding Breathes More Freely

The company announces that it has been granted a 3-month extension of its moratorium, now due to expire 30, September 2013. There are continuing positive discussions with potential investors to inject new capital and the conditions of doing so. The Company's operations will remain unchanged. Nordic Shipholding A/S is a ship owning company listed on the Copenhagen Stock Exchange. Nordic Shipholding A/S owns six product tanker vessels, five handy tankers and one LR1. The handy tankers are commercially operated by Handytankers K/S (Managed by Maersk Tankers A/S) and the LR1 unit is in the Straits Tankers Pool (Managed jointly by Hafnia Management and Mitsui OSK). The company is administered by Tankers Inc.

01 Jun 2009

Omega Nav Time Charter, Omega King

Omega Navigation Enterprises, Inc. (NASDAQ:ONAV, SGX:ONAV50), a provider of global marine transportation services focusing on product tankers, announced that it has entered in to a new time charter agreement on the Omega King for a period of one year with an option period of one year with Torm A/S (Torm). Effective May 23, 2009, the Omega King entered into a new one year time Charter with its current charterer, Torm, with Torm having the option to extend the charter for an additional year at a higher rate. The vessel will be chartered for the first year at an average base rate of $16,500 per day with a profit sharing arrangement between Omega and Torm.

13 Jun 2007

Nordic Tankers Joins Nordic Exchange

Nordic Tankers, a Danish shipping company, has its starting point back in 1984. The company cooperates with many other companies within the international shipping industry. Nordic Tankers is Listed on the Copenhagen Stock Exchange joins the Industrials Sector on the Nordic Exchange. Nordic Tankers has experienced a significant growth in terms of earnings and capital. The earnings raised in connection to the listing on the Nordic Exchange will be used to develop the company further. Today the fleet of Nordic Tankers includes product tankers and special tankers. The company is already building more vessels. A round lot of shares in Nordic Tankers, whose short name is NORDIC, amounts to 100. The company is registered in the Industrials sector and is a Small Cap company.