Brittany Ferries will sell two ships and implement service changes to achieve a financial reset as the French company continues to feel the impact of Covid loan repayments and is now coping with a ‘rising tax burden’ in relation to shipping’s inclusion in the EU Emissions Trading System (ETS). Announcing the changes today, the ferry operator said that it is still experiencing the financial effect of ‘the long tail’ of the pandemic with 50% of its Covid loan still remaining to be repaid. Although the company has invested significantly in LNG-fuelled and hybrid tonnage in recent years, including the Saint-Malo […]

Selfinvest and United Shipping & Trading Co. (USTC), the parent of companies including Bunker Holding and Global Risk Management, have emerged after two difficult financial years to achieve the fourth-best result in the Group’s 150-year history, but, while acknowledging the turnaround, Nina Østergaard, Co-owner and CEO of USTC, has cautioned that: ‘We are not where we need to be.’ In FY 25/26, the Group as a whole posted a profit before tax and special items of more than DKK 1 billion on revenue of DKK 100 billion. The figures present a very different picture to the previous two years, which […]

Bureau Veritas has confirmed that it is in talks with the European private equity investment firm Triton Partners on the sale of its oil & petrochemicals and coal testing and inspection operations which, in 2025, generated around €450 million in revenue. The proposed sale is said to be in line with BV’s LEAP | 28 strategy. Launched in March 2024, this direction of travel is based on three main pillars – portfolio, performance and people. The company’s testing inspection business has an extensive global network and what BV describes as ‘a significant footprint’ of operational sites and employees. However, in […]