Marine Transportation

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J Lauritzen A/S contemplates intra-group merger

Tuesday, 1 Jul 2014 05:32am EDT

J Lauritzen A/S:Initiates preparations to merge J. Lauritzen A/S with ship owning Danish subsidiaries (including Lauritzen Kosan A/S and Lauritzen Bulkers A/S) with a view to create a simpler group structure and to reduce the administrative burdens.The contemplated intra-group merger is expected to be completed during the second half of 2014 however with effective date from Jan. 1.

DFDS closes Esbjerg-Harwich route

Tuesday, 29 Apr 2014 08:31am EDT

DFDS A/S:Closes Esbjerg-Harwich route, transporting passengers and freight, end of September.Expects the majority of the route's current freight volumes to be transferred to the Esbjerg-Immingham freight route.Says passenger services between Denmark and England will thus cease.Says consolidation of the two routes is part of DFDS strategy to adapt the route network to the introduction of new sulphur emission rules on Jan. 1, 2015.

Finnlines says Containersteve discontinue business activities in Kotka and terminates 36 employments

Tuesday, 25 Mar 2014 05:15am EDT

Finnlines Oyj:Says Containersteve Oy Ab has decided to discontinue its business activities in Kotka.Co-operation negotiations have resulted in the termination of all 36 employments in Kotka.Containersteve Oy Ab is a group company of the Finnsteve group where Finnlines is a parent company.

Daiichi Chuo Kisen Kaisha to transfer business to subsidiary

Friday, 21 Feb 2014 12:00am EST

Daiichi Chuo Kisen Kaisha:Says to transfer its inshore tramp ship business to a wholly owned subsidiary effective April 1.

Manhattan Resources Ltd announces striking off of subsidiaries

Tuesday, 4 Feb 2014 04:20am EST

Manhattan Resources Ltd:Says JLM Marine Pte Ltd (JLM), a wholly-owned subsidiary of the company and Kaltim Bravo Shipping Pte. Ltd. (KBS), an indirect wholly-owned subsidiary, have on Feb. 4 each submitted an application to the Accounting and Corporate Regulatory Authority to strike-off their names in the register.Says JLM and KBS had been dormant and have ceased operations in 2008 and 2010 respectively.

Kanda Holdings Co Ltd to merge with subsidiary

Monday, 20 Jan 2014 01:30am EST

Kanda Holdings Co Ltd:Says to merge with its Tokyo-based subsidiary, PEGASUS CARGO SERVICE CO., LTD., effective Apr. 1.Says PEGASUS CARGO SERVICE will be dissolved after the merger.Says PEGASUS CARGO SERVICE is engaged in the general port transport business.

Neptune Orient Lines Ltd's APL makes organizational realignment to further drive strategy

Wednesday, 8 Jan 2014 05:50pm EST

Neptune Orient Lines Ltd's APL:Says an organizational realignment to a functional structure to drive its business forward.Says it move from the current geographically-organized structure to a functional one.Says the functions will be in the areas of trade, commercial, operations, procurement and planning and strategy.Says as part of the realignment, the role of current Regional and Country leads will be organized into Commercial and Operations functional leads.Says APL is a unit of the company.

Lietuvos Juru Laivininkyste AB (Lithuanian Shipping Co) approves strategic plan for 2014-2016

Wednesday, 8 Jan 2014 01:50am EST

Lietuvos Juru Laivininkyste AB (Lithuanian Shipping Co):Announces that in Dec. 2013 the Board of Directors has approved the company’s strategic business plan for the years 2014-2016, which provides a consistent renewal of the company’s fleet, concentrating on the “ Handysize” segment (17-25 thousand tons tonnage ships).Says during the implementation of the strategic business plan smallest motor vessels of the company will be sold and 1-2 bigger tonnage vessels will be bought.

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Analyst Research

Report Title Price
Provider: Renaissance Capital
$81.00
Provider: Renaissance Capital
$81.00
Provider: Renaissance Capital
$92.00
Provider: Bohai Securities Co.,Ltd.
$115.00
Provider: Bohai Securities Co.,Ltd.
$23.00

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