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Friday, December 14, 2018

Denmark News

Pic:  Copenhagen Malmö Port (CMP)

Denmark Mulls Most Modern Container Port

Copenhagen Malmö Port said that Denmark’s most modern container port will be completed by the end of 2021 – the futureproof, modern, sustainable and automated container terminal in Copenhagen. The terminal substantially strengthens CMP’s role as the leading actor within freight handling in the capital region and throughout Eastern Denmark.The area in Outer Northern Harbour is fairly anonymous, however, the on-going groundworks are a reminder that this is where the container terminal of the future will be just three years from now.“We are making a major investment.

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.

Image: Ørsted

Ørsted Completes Divestment in Hornsea 1 Offshore Wind Farm

Danish offshore wind farm developer Orsted A/S has completed the divestment of 50% of the Hornsea 1 Offshore Wind Farm to Global Infrastructure Partners (GIP).Three months ago, Ørsted signed an agreement to sell 50% of the 1,218MW offshore wind farm Hornsea 1 to Global Infrastructure Partners (GIP). Hornsea 1 is under construction and will be the world’s largest offshore wind farm when commissioned in 2020.As part of the agreement, Ørsted will construct the wind farm under a full-scope EPC contract.

India to Probe Alleged Antitrust Behavior by Maersk, DP World at Mumbai Port

India's antitrust regulator has ordered a probe into alleged anti-competitive practices by Denmark's A.P. Moller-Maersk and Dubai's DP World at the terminals they operate at the country's largest container port in Mumbai, five sources familiar with the matter told Reuters.The decision by the Competition Commission of India (CCI) to investigate follows a complaint by Singapore's PSA International Pte Ltd, which alleged that Maersk and DP World created entry barriers to hinder the…

Maersk Ousts Danske Bank Chairman after Scandal

Danske Bank's largest shareholder, the Maersk family, has ousted the lender's chairman after a money laundering scandal that has also forced out its chief executive.A.P. Moller Holding, which controls about 21 percent of the share capital in the bank, has nominated Karsten Dybvad, who currently heads the Confederation of Danish Industry, to replace Ole Andersen as chairman of Denmark's largest bank.The move is a rare example of Denmark's Maersk family, which controls shipping giant A.P. Moller-Maersk through A.P.

Pic: Wärtsilä

Wärtsilä Sells Pumps Business to Solix Group

Finnish technology group Wärtsilä has divested its pumps business to Solix Group, a Scandinavian investment company with offices in Copenhagen, Denmark and Malmö, Sweden.According to a press release from the marine technology giant, Wärtsilä Pumps has belonged to the Wärtsilä Marine Solutions organisation and became part of the company along with the acquisition of Hamworthy in 2012. The Wärtsilä Pumps business recorded sales of approximately 50 MEUR in 2017.The divestment will enable Wärtsilä to devote greater focus to its Smart Marine vision.

(Photo: Eric Haun)

CMA CGM Ups Its Stake in Ceva Logistics

French shipping group CMA CGM has obtained a further 4.56 percent stake in CEVA Logistics AG , the Swiss transport group which rejected a bid from Denmark's DSV, Ceva said on Wednesday."The company has further been informed that CMA CGM entered into a derivative transaction related to the shares of the company with cash settlement (Total Return Swap) giving CMA CGM an additional economic exposure of 4.56 percent in CEVA Logistics' share capital," Ceva said in a statement.(Reporting by Sudip Kar-Gupta)

Interferry chairman John Steen-Mikkelsen (Photo: Interferry)

Interferry Names New Chairman and Board Members

Interferry, the trade association representing the worldwide ferry industry, has announced that the new chairman of its board of directors is John Steen-Mikkelsen, CEO of Danish ferry operator Danske Faerger.Steen-Mikkelsen was elected together with three new board members at the annual general meeting held last week in Cancun, Mexico, during the association’s 43rd annual conference.The Interferry board is drawn from all types of large and small ferry operations - including ro-pax, ro-ro, cruise ferries, fast ferries and passenger-only ferries - as well as industry suppliers.

Yevheniia Karyndzha  (Photo: Dan-Bunkering)

Dan-Bunkering Hires Five in Denamrk

A/S Dan-Bunkering Ltd. has announced the employment of below five Bunker Traders in the office in Middelfart, Denmark, as of September 2018.Matea Jelicic was born and raised in Croatia and holds a double degree in Petroleum Engineering and Supply Chain Management. Additionally, she brings along a vast amount of experience from different parts of the industry.Yevheniia Karyndzha is of Ukranian origin and has been living and working in Turkey for a period, providing her with great…

© Pavel Losevsky / Adobe Stock

EU Okays Expansion of Denmark's Shipping Tax

The European Commission approved on Friday the expansion of a Danish scheme to tax shipping companies on their tonnage, the EU executive said in a statement.Under the so-called tonnage tax schemes, shipping companies pay taxes on the basis of the size of the shipping fleet rather than on their actual taxable profits.The Commission authorized Denmark to expand its existing scheme for shipping firms to several new categories including guard vessels and ships servicing off-shore installations, it said in a statement.(Reporting by Francesco Guarascio)

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…

Dan-Bunkering DMCC Welcomes Three New Bunker Traders

Dan-Bunkering said it has hired three new Bunker Traders in its Dubai office.Benedek Nagy was born and raised in Hungary, however, at the age of 18 he moved to Denmark to study International Shipping and Trade as well as gain experience within the shipping industry.Fabio Rossetti grew up in Denmark and holds a graduate diploma in Managerial Economics and Innovation Management from Copenhagen Business School.Nemish Jose is of Indian descent. He is an MBA Port & Shipping Management graduate from Indian Maritime University and speaks English, Hindi, Malayalam, and Tamil.

(Photo: DFDS)

DFDS: New Intermodal Link Between Sweden and Turkey

Denmark-headquartered shipping company DFDS is offering a new connection between Sweden and Turkey following its recent acquisition of Turkish company UN Ro-Ro.Through the Sweden – Turkey intermodal connection now in effect, the carrier offers connections from Gothenburg in Sweden to Trieste in Italy, Patras in Greece and Pendik, Ambarli and Mersin in Turkey.By connecting the existing DFDS network in northern Europe with the new routes in southern Europe and the Mediterranean Sea, DFDS is capable of offering transportation of cargo from North to South and back.

Photo: Logimatic

Logimatic Brings in People with Autism to Test Software

Logimatic has just entered into an agreement with Special Minds regarding software testing. The IT-consultants at Special Minds all have an autism profile which is perfect for testing software, as they have zero tolerance for mistakes.The shortage of IT competences is widely known. According to statistics from IT-Branchen’s IT-Barometer 2018, 2 out of 3 companies are considering the shortage of IT competences as the largest barrier to growth. However, for Logimatic the help has turned out to be very near, as the IT consultancy Special Minds has offices right next to Logimatic.Lars F.

AURORA in Kiel / Foto Port of Kiel

Kiel Marks 150th Cruise Ship Call This Season

The cruise ship Aurora, part of the fleet of the English shipping company P&O Cruises, arrived early Tuesday morning for her first visit to the Kiel Fiord.The ship’s maiden call also marked the 150th visit to Kiel this year by a cruise ship. Nicole Claus, Cruise Shipping Director of the PORT OF KIEL said: “Actually it’s the very first time ever that we have registered 150 visits in a single season. The arrival of the Aurora is a milestone which underscores the development of Kiel…

Photo:GAC

Essberger Tankers Sign Deal with GAC

Chemical tanker operator Essberger Tankers has signed a ship agency deal with GAC throughout Scandinavia. Under the agreement, GAC will handle an estimated 600-800 port calls a year for Essberger’s fleet of vessels carrying a wide range of high-grade chemicals.The deal comes after more than 20 years of GAC managing Essberger’s port calls in Finland. The shipping and logistics service provider’s ability to deliver the same level of support from its expanding network of offices in Sweden…

Morten Mosegaard Christensen. Photo: Maersk Tankers

Morten Mosegaard Christensen New CFO for Maersk Tankers

Maersk Tankers has appointed Morten Mosegaard Christensen as its new Chief Financial Officer (CFO).Christensen joins Maersk Tankers from Danske Bank where he serves as interim CFO and Chief of Staff. Previously, he has held leadership positions at Danske Bank, including Head of Group Finance and Head of Group Financial Management.He has long experience in finance in areas such as performance management, tax, cost control, accounting, business intelligence and capital management. He has also worked in strategy and business development at a senior management level.

Logo: Maersk

Twill Replaces Damco with Maersk

Twill, a digital freight forwarder designed to make shipping simple, has announced a change in its brand affiliation from Damco to Maersk.Launched in April 2017, Twill was created as a ‘Damco innovation’ and operated as a partner with the freight forwarder and supply chain management company, which is part of A.P. Moller - Maersk.The realigning of the brand will make it possible to offer Twill to all Maersk customers, in line with the A.P. Moller - Maersk strategy to become a…

Photo: BW Group

Hafnia Tankers, BW Tankers USD 2.3bln Merger Soon

Denmark-based shipping company Hafnia Tankers is exploring the possibility of consolidation with BW Tankers, part of BW Group, Hafnia’s CEO Mikael Skov said.In its half year results statement Hafnia said: “Hafnia is exploring the possibility of consolidation with BW Tankers, a company owned by BW Group, one of our shareholders.”BW Group increased its shareholdings in Hafnia in early July when it acquired BTS Tankers Partners LLC. With the acquisition, BW Group became the beneficial owner of 43.5% of the Hafnia Group.Last month…

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: Unifeeder)

DP World Acquires Unifeeder for $762.6 Mln

DP World, one of the world's largest port operators, said on Tuesday it had acquired 100 percent of Unifeeder Group, a Danish logistics company, for 660 million euros ($762.6 million).The acquisition from Nordic Capital Fund VIII and certain minority shareholders will boost DP World's presence in the global supply chain and broaden its product offering to its customers, shipping lines and cargo owners, DP World said.Based in Aarhus, Denmark, Unifeeder operates a container feeder and a shortsea network in Europe, serving both deep-sea container hubs and the intra-Europe container freight market

Photo: DP World

DP World Gross Volume Up 4.8% for 1H 2018

Dubai-based port and terminal operator DP World said that its gross volumes rose 4.8 percent to USD 35.6 billion s for the six months to 30 June 2018,  despite uncertainties in the container market. On a reported basis, revenue grew 14.4%.Revenue growth is supported by the volume growth across all three regions and the impact of new acquisitions including Drydocks World LLC (Drydocks), Dubai Maritime City (DMC) and Cosmos Agencia Marítima (CAM).Profit attributable to owners of…

CEO Henrik Lind (left), Danske Commodities, and Tor Martin Anfinnsen, senior vice president, Marketing & Supply in Equinor. (Photo: Thomas Priskorn / PRISKORN)

Equinor Acquires Energy Trader Danske Commodities

Norwegian oil and gas major Equinor, formerly Statoil, is acquiring the Danish energy trading company, Danske Commodities for EUR 400 million (USD 470 mln). "Equinor has reached agreement to buy 100% of the shares in Danish energy trading company Danske Commodities (DC) for EUR 400 million, with smaller contingent payments depending on DC’s performance over the next couple of years," said a press release from the company. This acquisition – of one of Europe’s largest short-term electricity traders – supports Equinor’s development towards becoming a broad energy company.

KNUD E. HANSEN Expands in Canada

Naval architecture and marine engineering firm KNUD E. HANSEN has set up a permanent presence in the east coast port of Halifax, Nova Scotia, allowing the Denmark based company to increase its focus on Canada’s growing maritime sector as well as the increased demand for Arctic ship tonnage.Halifax will serve as the home base for senior naval architect and project manager Sam Stark, who has been with the company since 2013. Stark is tasked with increasing awareness of KNUD E. HANSEN…

Alexey Khaydukov (Photo: SCF Group)

Khaydukov Named President of PAO Novoship

The Board of Directors of Russian tanker shipping company PAO Novoship has elected Alexey Khaydukov as the company’s new President.Khaydukov replaces the firm’s previous President, Yury Tsvetkov, who stepped down from his role on August 8, 2018, following his appointment as a Deputy Minister of Transport of Russia, Head of the Federal Agency for Maritime and River Transport.Prior to his appointment, Khaydukov was Managing Director of SCF Management Services (Novorossiysk) Ltd.

Image: Hafnia Tankers

Hafnia Tankers in Leaseback Deal with Sole Shipping Fund

Denmark's Hafnia Tankers has completed two sale and leaseback transactions with a Sole Shipping fund."Hafnia Tankers has successfully completed two sale and leaseback transactions with Skaatholmen Shipping Ltd, a company owned by Sole Shipping Special Opportunities Fund II of its 2010 built LR1 tankers, Hafnia Asia and Hafnia Arctic," said a press release from the company.The vessels have been sold to Skaatholmen Shipping with a seven-year bareboat charter back with annual purchase…