Marine Link
Sunday, December 9, 2018

Danish Shipping News

New EU Secretary Director for Danish Shipping

Jens Valdemar Krenchel. Photo: Danish Shipping

On 1 January 2019, Jens Valdemar Krenchel will take up the position as Head of EU Representation for Danish Shipping at the  the EU office in Brussels, where Danish Shipping has been represented since 1989.At the same time, he will join the management team of Danish Shipping as Head of the organisation's EU Representation, which employs a team of four. He takes over from Casper Andersen, who has left Danish Shipping."I am pleased to welcome Jens in The Blue Denmark. Jens is a capacity with considerable insights into EU relations. Jens will be a strong voice for Danish shipping in Brussels.

AP Moeller Maersk Q3 EBITDA seen up 12 pct; Analysts Weigh In

file Image: CREDIT Maersk

AP Moeller Maersk third-quarter results are due on Wednesday, November 14th. The Q3 operating profit is forecast to be $371 million.A poll of forecasts for the Danish shipping group is emerging. Of the eight analysts who disclosed their recommendation on the AP MOELLERMAERSK stock, one answered Positive, six Neutral and one Negative. The following brokerages and investment banks participated in the poll:Handelsbanken Capital: UnderweightSydbank: HoldEquita SIM: HoldDrewry: HoldClarksons…

TORM, ME Production and GSI JV for Production for Scrubbers

Pic: TORM

Danish shipping company TORM has established a joint venture with scrubber manufacturer ME Production and Guangzhou Shipyard International (GSI).The joint venture, ME Production China, will manufacture and install scrubbers in China and deliver them to a range of maritime industry customers for both newbuildings and retrofitted vessels, said a press release from the carriers of refined oil products. TORM holds an ownership stake of 27.5% in the new joint venture. GSI is part of…

EU to Legislate on Maritime Working Conditions

Image: Danish Shipping

In the future, seafarers would be subject to the rules set out in the Directive on transparent and predictable working conditions if it were up to the European Parliament.According to Danish Shipping, a trade and employer organisation for more than 90 shipowners and offshore companies, this means that additional financial and administrative burdens are to be expected for the maritime industry which is already heavily regulated and protected by international conventions.Since the…

Danish Shipping Calls for Harmonization of DRF

Pic: Danish Shipping

The European Parliament's draft report on the revision of the Directive on Reporting Formalities reaches out to shipping companies but does not succeed in addressing the serious administrative burdens on reporting requirements for ships.Danish Shipping believes that further harmonisation of data format and systems is required.The European Parliament's rapporteur in the Transport Committee, Irish Deirdre Clune, announced her draft report on the revision of the Directive on Reporting…

Greek Shipowners Meet Danish Shipping

Image: Union of Greek Shipowners (UGS)

The Union of Greek Shipowners (UGS) has welcome to its premises the Board of Directors of Danish Shipping in the context of the bilateral meetings of the two national shipowners’ associations.Representing two traditional maritime nations, the Board of Directors of Danish Shipping, headed by its Chairman, Niels Smedegaard, met with the President,Theodore Veniamis and members of the UGS Board of Directors and engaged in what was described by both sides as “an open and constructive…

Good start for CETA Agreement

Pic: Danish Shipping

New calculations indicate that last year's trade agreement between the EU and Canada, the CETA agreement, has had a positive impact on trade between the continents and significantly increased exports from the EU to Canada. Shipping companies feel the effect of this.Last year's abolition of virtually all tariffs has improved the business climate between Canada and the EU and led to significantly increased EU-Atlantic exports to Canada. Canada is Denmark's 13th largest trading partner…

Maersk to Merge Damco, Ocean Product Units

(Photo: Eric Haun)

A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world.The operator of Maersk Line, the world's largest container shipping company, kicked off a restructuring drive in 2016 that saw it sell its oil and gas business last year to focus on transport and logistics business.Maersk said its latest change would take effect on January 1…

Sea Machines Moves to Larger, Waterfront Location in Germany

Photo: Sea Machines

U.S. based Sea Machines announced that it has moved its team in Hamburg, Germany to a larger waterfront work space in the Hammerbrook area.The company said the move supports growing in interest in its autonomous controls and advanced perception technology in European markets ahead of an upcoming product release. The new location more than triples the space Sea Machines had previously and provides dockage for the company's test vessels. The space also accommodates the locally expanding team…

Maersk to Pursue Separate Listing of Maersk Drilling

Photo: Maersk Drilling

Danish shipping company A.P. Moller-Maersk has decided to pursue a demerger with its offshore drilling operation Maersk Drilling  via a separate listing of Maersk Drilling on Nasdaq Copenhagen in 2019.Maersk Drilling will become a stand-alone company next year as its parent company continues its exit from the oil and gas business.Having evaluated the different options available for Maersk Drilling, A.P. Moller – Maersk has concluded that listing Maersk Drilling as a standalone company presents the most optimal prospects for its shareholders…

Maersk to Spin off Drilling, Hand Total Shares to Investors

(Photo: Maersk)

A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus entirely on transport and logistics.Maersk, which cut its full-year profit outlook this month, sold Maersk Oil to French oil major Total last year in a $7.5 billion deal as part of a restructuring under Soren Skou, who became chief executive in 2016.Skou used to head Maersk's container business and is a…

TORM to Feature Scrubbers in Newbuildings

Photo: TORM plc

Danish shipping company TORM is installing scrubbers to its vessels, allowing them to continue running on high sulfur fuel oil after the International Maritime Organization's marine fuels sulfur limit is cut in 2020.A press release from the company said that it has decided to install scrubbers on 14 vessels including all vessels currently on order and the three LR2 vessels that were delivered earlier in 2018.These vessels have a scrubber-prepared design and there are no changes to the delivery schedule.

Maersk Cuts 2018 Guidance, Eyes Market Recovery

Photo courtesy of Maersk

Danish shipping company A.P. Moller-Maersk slashed its 2018 earnings forecast on Tuesday due to weak second-quarter freight rates and higher prices for bunker fuel, although the downgrade was smaller than feared, analysts said.The world's biggest container shipper also said spot freight rates have restored after a significant drop in the second quarter, and that its volumes are growing in line with the market.Following the unexpected announcement, Maersk's share price initially…

DFDS Sells Two Ships to Ukrferry

KaunasSeaways. Photo: DFDS

Danish shipping and logistics company DFDS is to sell two of its older vessels to Ukraine-based ferry operator Ukrferry. "DFDS has entered into an agreement with Ukrferry to sell two combined freight and passenger ferries, Kaunas Seaways and Vilnius Seaways built in 1989 and 1987 respectively. Delivery of the ferries is expected in July," said a press statement from the company. The ferries have been on time charter to Ukrferry for several years for deployment on routes in the Black Sea. The ferries were previously deployed in DFDS' Baltic route network.

DFDS Is Recruiting IT Developers

(Photo: DFDS)

Danish shipping and logistics firm DFDS says it is working on a campaign to attract more IT developers.“We employ 250 people in our IT department and have many digital experts, but the world may still anticipate that shipping companies are only for shipping experts and seafarers,” said Henrik Holck, the company’s EVP, People and Ships.“We need all categories of competencies and our future success very much depends on our ability to create digital and IT solutions. Creative solutions make life easier for our customers and enable us to move people and goods ever more efficiently…

DFDS Completes Acquisition of U.N. Ro-Ro

Photo: DFDS

Danish shipping and logistics group DFDS has completed the acquisition of Turkey’s largest operator of Ro-Ro freight ships and will be a major player in the strong and continuously growing trade between the EU and Turkey. In April, DFDS signed an agreement with the owners of  U.N. Ro-Ro to acquire the shares in the company, said a press release from the company. “All relevant authorities have now approved the transaction and I am very pleased to announce that on 7 June we completed the deal. U.N.

DMA Expands International Cooperation on e-Navigation

Photo: Danish Maritime Authority

The Danish Maritime Authority (DMA) widens the international work on digitalization and e-navigation and enters into a cooperation agreement with South Korea, Sweden, Australia and China. Up until today, Denmark has had cooperation agreements (MoU) on e-navigation with South Korea and Sweden, but in order to strengthen the focus on digitalization in the maritime sector, the cooperation is now widened to include Australia and China. On the morning of June 4th, Andreas Nordseth…

Stena RoRo Places an Order for LNG Newbuild

Photo provided by Stena RoRo

Stena RoRo places an order for a further newbuild and signs a 10-year charter contract with Brittany Ferries, said a press release from the company. The vessel now ordered, which will be built for LNG operation, is the sixth in the so-called Stena E-Flexer RoPax class with delivery set for autumn 2021. Stena RoRo has a further two options with the Chinese shipyard AVIC International. At the same time, the newbuild has been signed to a 10-year charter with the French ferry shipping company Brittany Ferries.

Danish Shipping Moves Towards a Digital Future

Photo: Danish Shipping

In January and February the Maritime Disruptors Academy premiered when both students and employees in the shipping industry actively engaged on how to make the most of new technology and ways of thinking. Given that the entire Danish maritime cluster will be part of the change the next Academy, which runs in the autumn, will be open for participants across the cluster. Many new technologies knocks on the doors of the maritime sector. To name a few: Artificial Intelligence, robotics, Internet of Things, blockchain and 3D print, and they will all affect the maritime sector in the years to come.

Maersk to Trial AI-powered Situational Awareness Technology

(Photo: Sea Machines)

Danish shipping giant A.P. Moller-Maersk will be the first in the world to trial artificial intelligence (AI) powered perception and situational awareness technology on a containership.Under a deal signed with Boston-based Sea Machines Robotics, Maersk will install computer vision, Light Detection and Ranging (LiDAR) and perception software aboard one of its new-build Winter Palace ice-class containerships.Sea Machines said its solution uses AI to improve at-sea situational awareness…

Clean Arctic Hails IMO Action on HFO

Photo: HFO-Free Arctic

The Clean Arctic Alliance has applauded progress by International Maritime Organization member states towards banning use of the world’s dirtiest fuel – heavy fuel oil – from Arctic shipping. It also called for Member States to make every effort to adopt and rapidly implement a ban by 2021, as proposed by eight IMO Member States and supported by other countries during the meeting. Plans to develop a ban on heavy fuel oil (HFO) from Arctic shipping, along with an assessment of the impact of such a ban…

DFDS to Acquire Turkey's Largest RoRo Operator

U.N. Ro-Ro operates five major routes between Turkey and the EU Image courtesy DFDS

Danish shipping and logistics group DFDS has acquired Turkey’s largest operator of Ro-Ro freight ships and will be a major player in the strong and continuously growing trade between the EU and Turkey. U.N. Ro-Ro operates five routes connecting Italy and France with Turkey, 12 ships and port terminals in Trieste and in Pendik, Istanbul. U.N. Ro-Ro employs 500 people. The deal is subject to approval by the authorities. ​Today, Danish shipping group DFDS signed an agreement to acquire 98.8 % of the shares in the shipping company U.N.

DFDS to Buy U.N. Ro-Ro in $1.2 Bln Deal

(File photo: U.N. Ro-Ro)

Danish shipping and logistics company DFDS has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt-free basis. It marks a change of course for the Turkish company, which had planned an initial public offering for up to 57.7 percent of the company, a draft prospectus showed last month. U.N. Ro-Ro operates five freight shipping routes between Turkey, Italy and France. DFDS said U.N.

Maritime Reporter Magazine Cover Nov 2018 - Workboat Edition

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