Denmark News

27 Jan 2020

PGNiG: Polish LNG Import Jumps Up

Graph:  PGNiG

LNG imports to Poland via the Świnoujście LNG Terminal  keep rising and stood at 3.4 billion cubic metres in 2019 after regasification, up from 2.7 bcm the year before."The first quarter of 2020 will see peak activity in terms of LNG deliveries. By the end of March this year alone we are to receive ten cargoes coming in from different directions,” said Jerzy Kwieciński, President of the PGNIG S.A. Management Board.The long-term take-or-pay contract with Gazprom via the Yamal pipeline means Russia is still Poland’s dominant supplier.

26 Jan 2020

Gasum Performs 200th LNG Bunkering Operation

"Fjord Line's cruise ferry Stavangerfjord was the vessel receiving Coralius' bunker number 200"; photographer: Geir Einarsen.

The Nordic energy company Gasum said its LNG bunkering vessel Coralius has successfully performed its 200th ship-to-ship LNG bunkering operation.The vessel receiving the LNG fuel was Fjord Line’s MS Stavangerfjord. The bunkering took place while Stavangerfjord underwent periodical maintenance at the Fayard yard in Odense, Denmark.“We normally supply LNG to Stavangerfjord by a loading arm on a regular basis directly from our LNG plant in Risavika,” said Gunnar Helmen, Sales Manager at Gasum.“It’s great to get this opportunity to supply the cruise ferry with LNG in dock in Denmark.

27 Jan 2020

Denmark Targets Gender Equality in Shipping

Image: Danish Shipping

Danish shipping companies have signed a charter that obliges them to actively focus on gender equality, as part of country's new initiative aimed at increasing the share of women in the shipping industry.Just under 20,000 men and just over 3,000 women are employed in Danish shipping companies.The uneven distribution that needs to be changed, says Danish Shipping, who has now initiated a charter where the shipping companies can commit to focusing on gender equality.The first 13 shipping companies sign the charter later today…

21 Jan 2020

Ørsted Tops World's Sustainable Companies

Image: Ørsted

The global leader in offshore wind Ørsted becomes the first-ever energy company to top a index.The Denmark-based global power company has outperformed more than 7,300 global companies with billion-dollar revenues to rank #1 in Corporate Knights' 2020 index of the Global 100 most sustainable corporations in the world.Henrik Poulsen, CEO of Ørsted, said: "We're immensely proud to rank as the world's most sustainable company. From our origins as a traditional fossil fuel-based energy company, we've transformed into one of the largest renewable energy companies in the world.

20 Jan 2020

DMA Sells an Inspection Ship

Image: Danish Maritime Authority

The Danish Maritime Authority, a government agency of Denmark that regulates maritime affairs, has sold the inspection vessel JENS SØRENSEN to the Norwegian shipping company Cesam Rederi AS.The inspection vessel POUL LØWENØRN will handle all the tasks concerning Survey of aids to navigation at sea as well as the seabed surveys earlier primarily carried out by JENS SØRENSEN.The reason for the sale is that the Danish Maritime Authority over a number of years has streamlined the…

20 Jan 2020

Verdane Invests in Danelec Marine

Photo: Danelec Marine

Northern European growth equity investor  Verdane Capital has taken a majority stake in the Denmark-based maritime hardware and software company Danelec Marine.Under the agreement, which was signed December 31, 2019, Verdane assumes a majority shareholder position in the privately held corporation. Danelec’s existing shareholders will continue to own shares in the company, and the management team, including CEO Hans Ottosen and COO Casper Jensen, will continue in their positions.Headquartered in Birkeroed…

14 Jan 2020

IRClass Foreign Flag Fleet Reg. Up 16%

Arun Sharma, Executive Chairman. Photo: IRClass

The Indian Register of Shipping (IRClass) said that the classed fleet registered approx. 3% growth in the past year.The ship classification society said that its foreign flag fleet continued to grow at a robust pace with 16% more vessels added during 2019 demonstrating strong global acceptance of IRClass services.IRClass received several flag authorizations in 2019 including key flags like Cyprus and Denmark and is now recognized by 45 flag states worldwide. It opened a new office in the Netherlands to add to its other European offices in the UK…

14 Jan 2020

TORM Secures $496M for Debt Refinancing

Image: TORM

Denmark-based product tanker company TORM has obtained a commitment for a total of USD 496 million from a syndicate of lenders to refinance its debt and bolster its capital structure.The carrier of refined oil products said the total amount is a combination of two separate term facilities and a revolving credit facility, which will be used to refinance the company’s debt covering a total of USD 502 million.Following the refinancing, TORM does not have any major debt maturities until 2026 which supports TORM’s strong capital structure…

06 Jan 2020

NORDEN Sells a Handymax, Buys 2 MR Tankers

(Photo: Norden)

Denmark-based NORDEN announced Monday it has sold a Handysize tanker, which was delivered to her new owners in late November 2019, and it purchased two medium range (MR) tankers, which were delivered in end-December 2019.NORDEN, which said it expects a continued strong market well into 2020 as refineries increase production to deliver the compliant fuels necessary for the IMO 2020 global sulphur regulation, noted it will continue to be active within the sale and purchase of vessels.“We are driven by the opportunities we see in the market…

18 Dec 2019

Ørsted Offloads LNG Biz to Glencore

Image: Ørsted

Global leader in offshore wind Ørsted A/S has signed an agreement to divest its liquefied natural gas (LNG) business to the leading global natural resources company Glencore.According to the Denmark's largest energy company, Ørsted entered into a long-term agreement with the Dutch LNG regasification terminal Gate in Rotterdam regarding the right to use 3 billion cubic meters of annual regasification capacity from 2011 to 2031, in December 2007.Today, Ørsted’s LNG business consists…

18 Dec 2019

Maersk, Tide Maritime Targeted in Petrobras Probe

© Alexander Filon / Adobe Stock

Brazilian authorities on Wednesday targeted Maersk and other companies for allegedly paying bribes to get an edge in securing shipping contracts with state oil firm Petroleo Brasileiro SA, in the latest phase of a sprawling graft probe.Federal prosecutors said in a statement that Denmark's Maersk, the world's largest shipping company, was involved in allegedly paying $3.4 million in bribes related to 11 shipping contracts with Petrobras, worth 592 million reais ($141.07 million).Maersk was not immediately able to comment when contacted by Reuters.

17 Dec 2019

Boskalis Wins Two Offshore Projects

Image: Boskalis

Dutch engineering company Royal Boskalis Westminster  has been awarded two offshore contracts with a combined value of approximately EUR 85 million.For a new offshore windfarm in Taiwan, Boskalis will carry out the scour protection of the turbine foundations and in Denmark a four-kilometer-long gas pipeline will be installed in the seabed. The execution of both projects is scheduled to take place in 2020.In Taiwan, Boskalis was awarded a contract for the scour protection for the Yunlin offshore windfarm. The award was made by Yunneng Wind Power Co. Ltd.

15 Dec 2019

Wilhelmsen, NorSea Join Forces for Hydrogen

Image: Wilhelmsen

The Norwegean global maritime industry group Wilh. Wilhelmsen Holding ASA and Denmark-based supply chain manager NorSea join forces to develop liquid hydrogen supply chain for maritime applications in Norway.The environmentally friendly liquid hydrogen can be offered to commercial shipping in large scale supply within first quarter 2024, claimed the companies.Together with major industry players such as Equinor, Viking Cruises, Air Liquide, and more, this is a huge and important step towards a sustainable future…

10 Dec 2019

Artemis, Tuco Marine Sign Joint Venture

Artemis Technologies has announced a joint venture with Denmark’s Tuco Marine Group to produce the world’s first zero emissions workboat.Artemis Technologies will collaborate with Tuco Marine Group to integrate its new electric eFoiler propulsion system into an 11m carbon fiber vessel.This will serve as a demonstrator vessel as proof of concept for the innovative technology that will be marketed to the marine trade by Artemis Technologies and Tuco Marine Group, which supplies the ProZero high performance Workboat range.  The hydrofoils and propulsion system for the proof of concept vessel will be manufactured and assembled in Belfast Harbour, following a multi million pound investment in the project.

10 Dec 2019

Ørsted Announces STEM Skills Fund

Image: Ørsted

Denmark's offshore wind giant Ørsted A/S has unveiled more than £50k for Science, Technology, Engineering and Maths (STEM) skills across Lancashire and Cumbria.The renewable energy developer says the wave of new finance will be sourced from the Walney Extension Skills Fund.An award of nearly £40,000 goes to STEM Learning Ltd to develop two ENTHUSE Partnership projects in Cumbria and Lancaster. Each Partnership project will bring together eight schools and colleges from within the eligible funding area…

05 Dec 2019

NORDEN Examining Biofuels

(Photo: NORDEN)

NORDEN partners with Danish based Kvasir Technologies, a spinout from the Technical University of Denmark with a patented technology to produce fuel from plant material.“At NORDEN, we want to drive the shipping industry towards a cleaner future. If we are to truly make a difference, testing fuel alternatives is the right starting point,” says Henrik Røjel, Fuel Efficiency and Decarbonization Manager at NORDEN. “The collaboration with Kvasir is highly welcomed, both as part of…

04 Dec 2019

NYK Joins DecarbonICE Project

Image: NYK Line

Japanese shipping giant Nippon Yusen Kaisha (NYK Line) has joined the international DecarbonICE project that will be conducting a feasibility study to capture onboard carbon as dry ice and store it in seafloor sediments.The shipping industry is looking for carbon-free solutions to achieve the IMO 2050 target of a 50% CO2 emissions reduction (compared to the 2008 level). In response, new zero-carbon solutions are being developed around the globe, including alternative low-carbon…

04 Dec 2019

New Hybrid Powered Cruise Ship Completes Sea Trials

Photo: MOTION AIR/Hurtigruten

Hurtigruten’s new hybrid battery powered expedition cruise ship MS Fridtjof Nansen has completed sea trials and will be completed earlier than expected. As a result, Hurtigruten is adding a series of shorter pre-inaugural voyages.MS Fridtjof Nansen is packed with green technology and large battery packs and is, alongside her sister ship MS Roald Amundsen, the world’s first battery-hybrid powered cruise ship.The Vessel is set for delivery by the end of 2019, well ahead of her April 1 inaugural voyage from Hamburg to the Norwegian coast.Departing from London (March 7)…

03 Dec 2019

Unifeeder Acquires Feedertech

Jesper Kristensen. Image courtesy: Unifeeder A/S

Denmark’s Short-sea operator Unifeeder , part of the global port operator DP World, has acquired a 77% stake in The Feedertech Group, a Singapore-based feeder and shortsea operator.The Group’s Chairman, Ali Maghami, will retain the remaining 23% shareholding.Established in 2003, the Group operates two companies; Feedertech, which is a feedering service and Perma, a regional shortsea network. Both operate in the same market and connect the fast-growing trade route of Asia-Middle…

03 Dec 2019

Nexans, Eversource, Ørsted Ink US OWF Deal

Orsted Block Island US offshore wind farm: Copyright Ørsted

French cables manufacturer Nexans has signed a framework agreement with Denmark’s global offshore wind giant Ørsted A/S and New England utility Eversource Energy to take part in the offshore wind farm development in North America.According to the provider of cabling and connectivity solutions, the agreement will reinforce their long-term partnership and will result in Nexans having the opportunity to provide up to 1,000 km of subsea high voltage export cables for Ørsted’s offshore wind farms in North America.The first delivery is expected by 2022 and the agreement extends until 2027…

02 Dec 2019

Ørsted Restructures Offshore Biz

Image: Ørsted

The offshore wind giant Ørsted has introduced a new operating model for the Offshore business, to support the execution of its project pipeline and future growth."The global market opportunities in renewables continue to expand and present significant opportunities for growth. In 2019, Ørsted expanded into Taiwan and the US with the award of significant projects," the largest energy company in Denmark said.The new operating model creates a more scalable organisation for Ørsted’s…

29 Nov 2019

DecarbonICE Project for Green Shipping

Pic: Maritime Development Center

A group of world leading shipping companies including NYK, Sovcomflot, Knutsen OAS and Ardmore, ship builders, including DSME and the mining company Vale, have therefore teamed up with Denmark based Maritime Development Center to develop such an on-board carbon capture and storage solution in a project named decarbonICE.DecarbonICE is based on two new main ideas for the capture and storage part, respectively. The CO2 and other GHG's in the ship exhaust are captured on board in…

28 Nov 2019

Maersk Layoffs Imminent

(Photo: Maersk )

Danish shipping group Maersk said on Thursday it would lay off staff at its main offices in Denmark and in other countries.The company said it did not know yet how many jobs would go.(Reporting by Nikolaj Skydsgaard and Jacob Gronholt-Pedersen; Editing by Edmund Blair)

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