Business News in Brief: Good news for DFDS

August 28th, 2014 10:16 am| by admin
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Good news for DFDS
Stringent sulfur regulations surrounding diesel fuel may cause some ferry operators to abandon some northern routes. DFDS boss Niels Smedegarrd said that his company is in a good position to take over those routes in 2015. DFDS increased its profit before tax by 133 percent in the second quarter of 2014.

Downsizing in the US
Maersk Oil is downsizing its workforce in Houston, Texas by over 25 percent. The company said that it will be focusing its efforts in other parts of the world. Eight employees will be transferred to Copenhagen, 54 will be laid off and the remaining 150 will be reassigned within the Houston office.

Vestas looking strong
Vestas posted a net profit of over 700 million kroner for the second quarter, compared to a loss for the same period last year. Vestas, which saw a 13 percent increase in operational revenues, has increased its forecast for the full year on the back of the results.

Nykredit solid
Nykredit has posted satisfactory results for the first half of the year. Core income from business operations improved by eight percent while costs have declined. The company has upwardly revised its full-year expectations. Home loans remain at the centre of Nykredit’s business.

Historic route could close
The Næssundfærgen ferry route between Thy and Mors in Jutland is losing money and could close. Affected locals suggested that the ferry could continue, but take a break in the summer when it operates at a loss. There has been a ferry service in the area for over 400 years.

(photo: Jacob Crawfurd)
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