Bunker Holding Increases Financing Facilities
Press release - Bunker Holding, a Danish company within bunker trading, has secured a new loan facility. In July, Bunker Holding announced its best result ever with a profit of $91 million before tax and an equity of $295 million, a result which, according to the group’s CEO Keld R. Demant, is achieved by controlled and profitable growth. The future growth is now further supported by a new loan facility which increases the group’s financing facilities by 50 percent, the company said.
Andersen will be CEO of Hempel
Hempel A/S announced that CEO Pierre-Yves Jullien will be succeeded by Henrik Andersen, Group COO of ISS A/S, by March 1st 2016. Henrik Andersen has been with ISS A/S since 2000, since 2011 as Member of the Executive Board, first as Group CFO and from 2013 Group COO, EMEA and following a recent change been appointed in his current position as global Group COO. Prior to returning to Copenhagen in 2011, Henrik spent 7 years in the UK starting as CFO and from 2008 to 2011 as CEO for ISS UK and its 43,000 employees.
Maersk Beats Forecasts, Loses Shipping Market Share
Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said A.P. Moller-Maersk's forecast-beating results on Wednesday had been helped by one-offs. While the world's largest container shipping business reported a jump in net profit to $714 million from $454 million, due largely to lower bunker fuel prices, analysts noted the Danish conglomerate failed to announce divestments or investor perks such as share buybacks and additional dividends, as it had in recent quarters.