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Danish Maersk drilling announces deal with Conocophillip to extends jackup

COPENHAGEN: Maersk Drilling has announced that ConocoPhillips Norway has signed a contract extension for the jackup rig Maersk Innovator (built 2002) for work on the Eldfisk field, offshore Norway. The new contract, valued at around $142m, is for a period of 16 months and begins when the current contract expires in February 2017. “We are very pleased to see the ... Read More »

Danish top restaurant Noma moves to Australia

COPENHAGEN: Noma, one of the world’s best restaurants, will be serving a locally sourced menu to Australian diners in Sydney next year. The Danish restaurant Noma, regarded as one of the world’s best, is going Down Under. Head chef René Redzepi has announced that he and his team will be temporarily relocating from Copenhagen to Sydney in January 2016 for ... Read More »

Danish Maersk gets 5 years extension for drilling semi-sub in Caspian

COPENHAGEN: BP Exploration (Shah Deniz) has awarded a $523m, five-year extension to Maersk Drilling’s Heydar Aliyev semi-submersible rig. The rig’s current contract off the coast of Azerbaijan in the Caspian Sea was due to expire in May 2016, and the extension will directly continue that deployment. “We are very pleased with the extension for the Heydar Aliyev rig and look ... Read More »

Danish Maersk gets 5 years extension for drilling semi-sub in Caspian

COPENHAGEN: BP Exploration (Shah Deniz) has awarded a $523m, five-year extension to Maersk Drilling’s Heydar Aliyev semi-submersible rig. The rig’s current contract off the coast of Azerbaijan in the Caspian Sea was due to expire in May 2016, and the extension will directly continue that deployment. “We are very pleased with the extension for the Heydar Aliyev rig and look ... Read More »

Danish Maersk to lay off 180 employees in Norway

COPENHAGEN: Maersk Drilling Norway will lay off between 180 and 190 employees from three drilling rigs, the company’s employee union, MAF, has announced. According to MAF, the employees will be laid off because the company’s contracts for two of the drilling rigs, Mærsk Giant and Mærsk Guardian, will end in September and October. Additionally, a new client for the drilling ... Read More »

Danish Maersk to lay off 180 employees in Norway

COPENHAGEN: Maersk Drilling Norway will lay off between 180 and 190 employees from three drilling rigs, the company’s employee union, MAF, has announced. According to MAF, the employees will be laid off because the company’s contracts for two of the drilling rigs, Mærsk Giant and Mærsk Guardian, will end in September and October. Additionally, a new client for the drilling ... Read More »

Danish Maersk to lay off 180 employees in Norway

COPENHAGEN: Mærsk Drilling Norway will lay off between 180 and 190 employees from three drilling rigs, the company’s employee union, MAF, has announced. According to MAF, the employees will be laid off because the company’s contracts for two of the drilling rigs, Mærsk Giant and Mærsk Guardian, will end in September and October. Additionally, a new client for the drilling ... Read More »

Danish line Torm’s restructuring nearly complete

COPENHAGEN: In another important milestone along the way of the restructuring of Danish line, Torm, its lenders have approved a scheme of arrangement for each of its four loan facilities. Provided the scheme is sanctioned at the end of this month at the High Court in London, Torm says it will then be able to implement the final steps to ... Read More »

Danish Maersk to lay off 180 employees in Norway

COPENHAGEN: Mærsk Drilling Norway will lay off between 180 and 190 employees from three drilling rigs, the company’s employee union, MAF, has announced. According to MAF, the employees will be laid off because the company’s contracts for two of the drilling rigs, Mærsk Giant and Mærsk Guardian, will end in September and October. Additionally, a new client for the drilling ... Read More »

Danish Maersk to miss out Chennai Port again

COPENHAGEN: The persistent congestion and frequent strikes have dented the image of Chennai Port Trust (ChPT). Besides, it has also resulted in diversion of cargo. As a contingency measure, Maersk Line, one of the biggest shipping companies, has once again decided to skip ChPT. Instead it will call L&T Kattupalli Port, which is 30 km away from Chennai, on Saturday. ... Read More »

Danish Maersk Drilling to cut down its 200 employees

COPENHAGEN: A.P. Moller–Maersk Group offshore drilling arm, Maersk Drilling, is in the process of making 180-190 employees redundant. In a statement on the employees association website, Maersk Ansarres Forning, the association said that discussions regarding the cuts have taken place and that affected employees would be contacted shortly. The redundancies come as a contract for jackup Maersk Giant comes to an ... Read More »

Danish Maersk Drilling to cut down its 200 employees

Copenhagen: A.P. Moller–Maersk Group offshore drilling arm, Maersk Drilling, is in the process of making 180-190 employees redundant. In a statement on the employees association website, Maersk Ansarres Forning, the association said that discussions regarding the cuts have taken place and that affected employees would be contacted shortly. The redundancies come as a contract for jackup Maersk Giant comes to ... Read More »

Danish Maersk Line gets Global Carrier of the Year

COPENHAGEN: Maersk Line was named Global Carrier of the Year after one of its most successful periods to date, with a US $2.3 billion profit for 2014, 55% up on 2013’s result. This was backed up by a number of innovations, including the 2M vessel sharing agreement (VSA), the ground-breaking Kotahi partnership and the continued rollout of the Customer Charter. ... Read More »

Danish Maersk Line orders 11 huge container ships worth of 12.3b Kroner

COPENHAGEN: Danish shipping and oil group A.P. Moller-Maersk says it has ordered 11 huge container ships with an option to buy six more in a deal worth 12.3 billion kroner ($1.8 billion) Soeren Toft, spokesman for the shipping unit Maersk line, says the 400-meter (1,200 feet) ships “will help us stay competitive in the Asia-Europe trade and will be key ... Read More »

Danish tourism industry needs more cohesion: Niels Feerup

COPENHAGEN: The Danish tourist industry needs to do a better job at helping visitors not to develop ‘tunnel vision’ during a trip to Denmark. That was the conclusion reached by three major players in the tourism business during a debate at Folkemødet yesterday. Niels Feerup, the chief executive at BonBon Land, Jan Olsen, the head of VisitDenmark, and Jørgen Jensen, ... Read More »

Over 80% Danish business men says govt, not ready to hear us

COPENHAGEN: As politicians amass on the shores of Bornholm for the people’s meeting, or Folkemødet as it is locally called, ostensibly to listen to the people, a new opinion poll carried out by the accountancy firm PwC has found that as many as 8 out of 10 business people think that Danish politicians don’t listen to the business community’s needs. ... Read More »

Danish ship finance bank skibskredit looks at IPO

COPENHAGEN: A Danish ship finance bank has said it is looking at an IPO to help boost its financial position. The chairman of Danmarks Skibskredit, Peter Lybecker, said in a statement today that the company has “initiated a strategic review of multiple possibilities which can facilitate the continued development of Danmarks Skibskredit’s ship finance operations, which could improve the share ... Read More »

Danish Aarsleff expects to make 390 m kroner before tax in its financial year 2014-2015

COPENHAGEN: Largely due to winning a number of lucrative public contracts, the construction giant Per Aarsleff is witnessing a sharp rise in its share price, Børsen reports. The company’s publicly traded share price has rocketed in price by 430 percent since 2013 and 118 percent in the past half-year. But Ebbe Malte Iversen, the head of Aarsleff, is understated in ... Read More »

Danish Telia buys a piece of Spotify in 760m Kroner

COPENHAGEN: The Swedish-Finnish telecommunication company TeliaSonera has purchased a 1.4 percent stake in Spotify. The deal will cost 760 million kroner. It is not clear whether new shares were issued, or whether the shares were purchased from existing Spotify shareholders. The acquisition follows more than five years of successful partnerships between the companies. Read More »

Danish Wage competitiveness at its highest level for 20 years

COPENHAGEN: A new study by the labour market organisation Arbejderbevægelsens Erhvervsråd (AE) claims that industry in Denmark has not been this competitive since 1995, concluding that the country can compete with the likes of China, Poland and Germany despite the high level of wages, Ugebrevet A4 reports. Wage competitiveness – the relationship between companies’ salary expenses  and the value created ... Read More »