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Monday, May 20, 2019

Danish Shipping News

Photo courtesy of SeaKing Electrical

SeaKing Electrical Completes DFDS Ferry Upgrades in France

SeaKing Electrical has completed a series of upgrades to three DFDS ferries at Damen Dunkerque Shipyard in France.The package of work was delivered to short ferries including the MS Dunkerque Seaways, MS Dover Seaways and MS Delft Seaways operated by Danish shipping company DFDS, in a total of 30 days.SeaKing Electrical managing director Dave Gillam said the project follows work delivered in Autumn 2018 to the passenger and car ferries which operate in the English Channel between…

Pic: Norden

Norden Expands into West Africa

Danish shipping giant Norden is opening an office in Abidjan, Ivory Coast, as part of the Company’s continued global expansion.The office will generate new business and focus on contributing positively to the development of the region, the dry bulk and tanker owner said in a press release.“Norden opens offices and employs people with a long-term horizon and that is also the case for our move into West Africa. We wish to come even closer to our business partners and increase our business presence and at the same time be part of and help the region develop by investing manpower…

Pic: A. P. Moller - Maersk

Maersk Eyes Better Results in 2019

Danish shipping group Moller-Maersk said that although it  had a challenging start to 2018, looking at the financial performance, it increased earnings despite significantly higher bunker fuel prices and lower than expected container volume growth in the second half of 2018.A.P. Moller-Maersk is forecasting higher profits in 2019 and Soren Skou, CEO of Moller-Maersk, said in a statement that its "profitability needs to improve".Profitability was in line with the latest guidance for 2018…

Image: Vandegrift

Maersk Acquires Customs Broker Vandegrift

Danish shipping giant A.P. Moeller-Maersk A/S has acquired Vandegrift, a US-based customs house broker,  as the ocean container line pushes further into land-based logistics services and operations. This is the first acquisition of the year in the fast-growing logistics sector.“Vandegrift’s expertise and reputation enables us to place a trusted advisor in front of our customers to design and build individualized Customs Brokerage and Compliance programs that identify risk and provide solutions.

Maria Anagnostou. Photo: DFDS

DFDS Gets Brexit Contract by the UK

Danish shipping and logistics company DFDS has been awarded a contract by the UK government to provide additional ferry capacity in the North Sea.Maria Anagnostou, Fleet Management, will be responsible for handling DFDS’ contract about additional ferry capacity in the North Sea with UK Department for Transport.The  UK Department for Transport announced that it had signed a contract with DFDS to provide additional ferry capacity to prepare for “the possibility of severe congestion at and around UK ports from 29.3.2019…

File Image: Stacked Reefer containers (Credit: Transicold)

Maersk Shutters China-based Container Factory

Danish shipping group A.P.

Image: Maersk Line

Maersk Enhances Asia-Europe Network

Six ships will be added to A.P. Moller - Maersk's new route network between Asia and Europe, the Danish conglomerate announced new changes to its services connecting Asia and Europe.Changes implemented in the second quarter of 2018 have improved the reliability of company’s schedules. However, port congestions and unfavorable weather conditions have resulted in delays.“We are now progressing on the improvements made earlier in 2018 to further enhance our schedule reliability across our Asia-Europe Network”…

Image: Nordic Tankers

Danish Compatriots Test Emissions Monitoring Solution

Danish shipping company Nordic Tankers, Dania Ship Management and Danfoss IXA have been cooperating on testing new innovative technology for monitoring emissions on an ongoing basis.The chemical tanker company hailed that the result is a front runner solution to ensure global enforcement of the IMO’s requirements for sulphur emissions way before any legislation is pushed through.“The sensor equipment from Danfoss IXA is an innovative piece of technology that enables ship owners to continuously prove compliance with the IMO’s requirements for sulphur emissions.

Jens Valdemar Krenchel. Photo: Danish Shipping

New EU Secretary Director for 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.

file Image: CREDIT Maersk

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

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…

Pic: TORM

TORM, ME Production and GSI JV for Production for Scrubbers

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…

Pic: Danish Shipping

Danish Shipping Calls for Harmonization of DRF

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…

Image: Union of Greek Shipowners (UGS)

Greek Shipowners Meet Danish Shipping

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…

Pic: Danish Shipping

Good start for CETA Agreement

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…

(Photo: Eric Haun)

Maersk to Merge Damco, Ocean Product Units

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…

Photo: Sea Machines

Sea Machines Moves to Larger, Waterfront Location in Germany

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…

Photo: Maersk Drilling

Maersk to Pursue Separate Listing of 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…

Photo courtesy of Maersk

Maersk Cuts 2018 Guidance, Eyes Market Recovery

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…

KaunasSeaways. Photo: DFDS

DFDS Sells Two Ships to Ukrferry

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.

(Photo: DFDS)

DFDS Is Recruiting IT Developers

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…

Rio Tinto Hires CFO Stausholm from Maersk

Major miner Rio Tinto named Jacob Stausholm, formerly CFO of Danish shipping company A.P.

Photo: DFDS

DFDS Completes Acquisition of U.N. Ro-Ro

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.

Peter Thomson - campaigning for a sustainable way forward (Photo:  Nor-Shipping)

UN Ambassador Thomson Issues Urgent Call for Action at OOC

Peter Thomson, the United Nations Special Envoy for the Oceans, has used the first Opening Oceans Conference (OOC) in Copenhagen to highlight the desperate plight of the oceans and the need for a sustained, universal push from the maritime industry to help halt, and hopefully reverse, their decline.Speaking to an audience of over 300 key executives from the shipping and ocean industries, Ambassador Thomson highlighted issues such as widespread plastic pollution, ocean acidification…

Danish Shipping :Toward a Digital Future

In January and February the Maritime Disruptors Academy premiered when  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, including Artificial Intelligence, robotics, Internet of Things, blockchain and 3D print, to name a few.

(Photo: Sea Machines)

Maersk to Trial AI-powered Situational Awareness Technology

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…

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

DFDS to Acquire Turkey's Largest RoRo Operator

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.