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Marine Freight & Logistics

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Marenave Schiffahrts terminates Ole Daus-Petersen's appointment as sole member of management board ​

Thursday, 16 Nov 2017

Nov 16 (Reuters) - Marenave Schiffahrts AG :DGAP-News: Marenave Schiffahrts AG: change in the management board.Newly formed supervisory board terminated Ole Daus-Petersen's appointment as sole member of management board with immediate effect​.Company's former authorised signatory - was appointed as new sole member of management board​.

Danish Energy Agency approves plans to rebuild Tyra field

Tuesday, 24 Oct 2017

Oct 24 (Reuters) - DANISH ENERGY AGENCY :SAYS APPROVES PLAN TO REBUILD TYRA FIELD IN THE NORTH SEA.SAYS THE TOTAL COST OF REBUILDING THE FIELD IS ESTIMATED TO AMOUNT TO AROUND 20 BILLION DANISH CROWNS ($3.16 BILLION).FRANCE'S TOTAL <<>> AGREED IN AUGUST TO BUY MAERSK'S <<>> OIL AND GAS BUSINESS IN A $7.45 BILLION DEAL nL8N1L70XF.

DFDS Logistics activities in Belfast restructured

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - DFDS A/S ::REG-LOGISTICS ACTIVITIES IN BELFAST RESTRUCTURED.‍REEFER LINE-HAUL BUSINESS WILL BE TAKEN OVER BY MANFREIGHT LTD. EFFECTIVE FROM NOV 1 2017.‍TOTAL ANNUAL REVENUE OF ACTIVITIES INCLUDED IN RESTRUCTURING IS AROUND DKK 250M​.‍RESTRUCTURING WILL RESULT IN AN ACCOUNTING LOSS IN 2017 OF AROUND DKK 10M​.‍RESTRUCTURING IS EXPECTED TO LEAD TO AN IMPROVEMENT OF EARNINGS FOR ACTIVITIES BASED IN BELFAST IN 2018​.

Cosco Shipping held third meeting of fifth session of board of directors; Approved resolutions in relation to restructuring​

Monday, 10 Jul 2017

July 10 (Reuters) - Cosco Shipping Holdings Co Ltd <601919.SS>-:Held third meeting of fifth session of board of directors, considered and approved resolutions in relation to restructuring​.Trading in shares of company will not be resumed temporarily​.

Swissco updates on meeting with holders of S$100 mln notes due 2018

Wednesday, 12 Oct 2016

Swissco Holdings Limited : Update On Informal Meeting With Holders Of S$100 mln 5.7% Notes Due 2018 . noteholders informed that company will not be able to pay interest due under terms and conditions of notes on next interest payment date . Announce a suspension in trading of shares of company with effect from today, 12 october 2016 . expects to be able to fund its current operations from its cash, revenue from existing businesses and possible asset disposals .At same time, company and Ernst & Young are actively working on a debt restructuring plan.

A.P. Moller-Maersk says to split into two companies

Thursday, 22 Sep 2016

A.P. Moller-Maersk : Reorganising A.P. Moller-Maersk into two separate divisions; Transport & Logistics and Energy . Says Oil and oil related businesses, either individually or in combination, to be separated from A.P. Moller-Maersk . Progress update on strategic review and change of management . Says Transport & Logistics will consist of Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry based on a one company structure with multiple brands . Says Energy will consist of Maersk Oil, Maersk Drilling, Mersk Supply Service and Maersk Tankers . Soren Skou will continue as group CEO of A.P. Moller-Maersk . Says main growth focus of A.P. Moller-Maersk going forward will be delivering best in class transportation and logistics services as an integrated Transport & Logistics company . Says Maersk Line will grow market share organically and through acquisitions . Maersk Oil will mature existing key development projects, while keeping exploration activities and expenses at a low level . Says Jakob Stausholm will be appointed group CFO of A.P. Moller-Maersk as of 1 December . Says Kim Fejfer will step down as member of registered management effective on 1 October and as CEO of APM Terminals effective on 1 November.

Vallianz Holdings updates on internal group restructuring

Monday, 11 Jul 2016

Vallianz Holdings Ltd : Has transferred its entire equity interest in the capital of the certain entities to Vallianz International Pte. Ltd. . Says transfers are not expected to have any material financial impact on EPS of group for current financial year ending 31 December 2016 .

Marenave Schiffahrts: extension of the reduced repayment rates

Friday, 1 Jul 2016

Marenave Schiffahrts AG : Extension of the reduced repayment rates . Quarterly minimum repayment amount per single ship company shall amount to at least USD 100,000 .Bank consortium has agreed to only seriously demand payment from single ship companies.

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