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Business

Maritime equipment giant under pressure

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April 23rd, 2014


This article is more than 10 years old.

Revenue decreased from 2.4 billion kroner in 2012 to about one billion kroner in 2013

Due to a significant drop in earnings, ship engine producer MAN Diesel & Turbo (MD&T) has come under pressure on its bottom line, according to Børsen newspaper.

The leading maritime equipment supplier in Denmark, with over 2,000 employees in Copenhagen, is hurting because shipping lines like Maersk Line are buying smaller and cheaper engines for their new ships.

“New container ships are being developed with a relatively reduced engine capacity because they are expected to sail slower in order to save fuel,” Thomas S. Knudsen, the head of MD&T’s Danish operations, told Børsen.

“Naturally, that impacts our business. At the same time, the ships don’t need as many spare parts when sailing with reduced speed.”

READ MORE: Maersk Line struggling to fill mega container ships

Huge revenue drop
According to recently published financial results for the German-owned MD&T, revenue decreased from 2.4 billion kroner in 2012 to about one billion kroner a year later.

MD&T did not wish to disclose any specific figures from their Danish activities.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”