Nordic markets were down in line with the rest of the world. The cooperation issues with Nordic countries and Barents region are at the forefront of discussion in many meetings and research groups in the region. German investor confidence is leaving orbit. Japanese government raised growth forecasts. Continuing turmoil in North Africa pushed oil price higher.
Maersk Line of the A.P. Moller - Maersk Group has signed a contract to acquire 10 of the world's largest and most efficient container vessels and has an option for 20 more. The purpose is to lower costs (particularly via energy efficiency improvement) and to create economies of scale as the company foresees 5-8% growth in trade between Asia and Europe. The new vessels will be 400 metres long, 59 metres wide and 73 metres tall and will be known as Triple-E. Each ship will cost 190 million USD.
Seadrill scored a big contract from Chevron. Deep Sea Supply has sold two of its smallest AHTS vessels for a little over 20 million US dollars per vessel. PSI Group signed an agreement for the sale of the wholly owner subsidiary SQS Security Qube System AB based on an enterprise value of SEK 190 million. The transaction if completed would erase nearly all of PSI Group's debt, which in combination with a lot of insider purchased pushed stockprice up 28%.
Carlsberg's Q4 wasn't spectacular and the stock started down several percentages. As the day went on Carlsberg kept gaining and finally ended higher nearly one percent as investors were concentrating on the bigger picture. Aarhus Lokalbank was placed on watchlist. Financial stocks were pinched overall. Ålandsbanken's quarterly report did not help either as Kaupthing operations were a drag on the numbers.
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