Denmark

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Maersk Slumps to Only its Second Annual Loss in Seven Decades

AP Moller-Maersk on Wednesday unveiled one of the biggest losses in Danish corporate history as the conglomerate suffered from a weak container shipping industry and massive writedowns on its oil businesses last year, the Financial Times reported. Sh ...

Daily Headline - global.abi.org - 02/08/2017 - 22:07 - 0 comments

Article from INSOL Europe (21 - 27 November 2016) GlobalINSOLvency Editorial Board

On 1 January 2014, Denmark introduced a new law on bankruptcy quarantine. The legislation has now been in force for more than two years and the number of cases is surprisingly high. The article sums up the legislation and some of the case law based on i ...

Resource Article - twallace@abiwor... - 12/28/2016 - 13:53 - 0 comments - 1 attachment

Maersk Unlikely to Buy Troubled Korean Container Ship Operators

Danish conglomerate A.P. Møller-Mærsk A/S isn’t likely to move to buy either Hyundai Merchant Marine Co. or Hanjin Shipping Co. contrary to industry speculation that it would take over either one or both of the troubled Korean cargo ship operators, accor ...

Daily Headline - global.abi.org - 10/03/2016 - 18:09 - 0 comments

Danes Need To Prepare For Irish Style Property Slowdown

Denmark’s biggest mortgage bank is reminding homeowners that a seemingly unstoppable series of price gains can end, and even go into reverse, the Irish Times reported. Chief analyst at Nykredit, Mira Lie Nielsen, says Danish people need to put the po ...

Daily Headline - global.abi.org - 08/09/2016 - 21:41 - 0 comments

Altor: OW Bunker Management Not Responsible for Bankruptcy

Tor Krussell of Altor says that there is no evidence that the OW Bunker Board made any decisions that led to the bankruptcy, ShipandBunker.com reported today. Swedish private equity fund Altor, former owner of now defunct OW Bunker, says that while the c ...

Daily Headline - abi_admin - 12/31/2015 - 14:04 - 0 comments

Denmark's Lundbeck To Cut 1,000 Jobs In Restructuring

Drug maker Lundbeck will slash costs by 3 billion Danish crowns ($444.6 million) and cut 1,000 jobs in a bid to regain profitability, the company announced on Wednesday. The Danish firm, which appointed a new chief executive last May, sells drugs to trea ...

Daily Headline - global.abi.org - 08/19/2015 - 21:35 - 0 comments

Concern in Denmark as Its Currency’s Peg to the Euro Is Strained

In recent weeks Denmark’s fixed exchange-rate regime has come under extreme strain, as moves by the European Central Bank have caused the value of the euro to plummet, the International New York Times reported. That has led to grave concern here, as ...

Daily Headline - global.abi.org - 02/12/2015 - 22:21 - 0 comments

Danish Shipping Company Copenship Files For Bankruptcy

Privately-owned shipping company Copenship has filed for bankruptcy in Copenhagen after losses in the dry bulk market, its Chief Executive Michael Fenger told Reuters. Copenship had been operating over 50 chartered small-sized dry-bulk vessels carrying g ...

Daily Headline - global.abi.org - 02/04/2015 - 21:48 - 0 comments

Fleet-Owning Unit Of Bankrupt OW Bunker Taken Over

OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday. OW Bunker, the largest ship fuel supplier in the world, collapsed earlier this ...

Daily Headline - global.abi.org - 11/27/2014 - 19:38 - 0 comments

Concern Rises As Cracks Appear In Nordic Model

Cracks are beginning to appear in the vaunted Nordic model. The four main Nordic countries – Denmark, Finland, Norway and Sweden – still grace the top of most global rankings for happiness, competitiveness, the best place to be a woman and even the best ...

Daily Headline - global.abi.org - 11/20/2014 - 21:17 - 0 comments

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