Danish DFDS To Buy Turkish U.N. Ro-Ro in $1.2 billion deal

by Teis Jensen (Reuters) - Danish shipping and logistics company DFDS has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt-free basis. It marks a change of course for the Turkish company, which had planned an initial public offering for up to 57.7 … [Read more...]

Danish Fishermen Could Be Hit Hard by Brexit -Report

By Teis Jensen COPENHAGEN, Nov 8 (Reuters) - Danish fishermen could be hit hard by Britain's decision to leave the European Union if it leads to restrictions in their access to British waters, a research report made on request of the Danish government concluded on Wednesday. The Danish fishing lobby has strong clout in Copenhagen and could press the government to adopt … [Read more...]

Denmark EPA Reports Maersk Oil to Police For Dumping Chemicals into North Sea

COPENHAGEN, Aug 10 (Reuters) - The Danish environmental protection agency (DEPA) said on Thursday it had reported Maersk Oil, the oil unit of A.P. Moller-Maersk, to the police for discharging chemicals into the North Sea in connection with oil production. "Maersk Oil has in several cases, in violation of the regulations of the marine environment law, released so-called 'red' … [Read more...]

Denmark To Build Offshore Wind Turbine Higher Than Eiffel Tower

by Jess Shankleman (Bloomberg) Offshore wind turbines are about to become higher than the Eiffel Tower, allowing the industry to supply subsidy-free clean power to the grid on a massive scale for the first time. Manufacturers led by Siemens AG are working to almost double the capacity of the current range of turbines, which already have wing spans that surpass those of … [Read more...]

Maersk Reaches Key North Sea Tax Deal with Denmark

By Teis Jensen COPENHAGEN, March 22 (Reuters) - Shipping and oil company A. P. Moller-Maersk on Wednesday reached an agreement with the Danish state that means it will pay less tax on its North Sea oil and gas activities through 2025. The deal, which has been under negotiation for months, makes it viable to redevelop the Tyra field through which 90 percent of Denmark's … [Read more...]