Vera Eckert
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Articles by Vera Eckert
Germany’s PCK Refinery Operating Normally After Pipeline Oil Spill
Germany's PCK said on Thursday it was operating normally and drawing on internal stocks, a day after a crude oil spill from a pipeline which feeds the refinery from the port of Rostock. The incident happened at a valve station near Gramzow, with no injuries and no danger for nearby residents, PCK said. "There are currently no effects on refinery operations. PCK has sufficient stocks to bridge short-term supply interruptions," a PCK spokesperson said in a statement.
海運業界のスエズ回帰、段階的に進む見通し＝コンテナ輸送大手ＣＥＯ
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Shipping industry's return to Suez will be gradual, Hapag-Lloyd CEO says
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Shipping industry's return to Suez will be gradual, Hapag-Lloyd CEO says Original
Hapag-Lloyd sign on a container ship at the Valparaiso port, Chile, January 11, 2024.
Hapag-Lloyd pledges to address costs as nine-month profit drops 50%
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Hapag-Lloyd pledges to address costs as nine-month profit drops 50%
Hapag-Lloyd pledges to address costs as nine-month profit drops 50% HLAG MAERSK_A Nine-month profit slipped despite higher volumes Tariff wars, Suez, Gemini joint venture spending hiked expenses Transport costs rose 10.8% year-on-year in January-September But Gemini begins to bring savings, more seen in 2026 German container shipper Hapag-Lloyd HLAG posted a 50% drop in nine-month net profit to 846 million euros ($989 million) on Thursday and lowered the top end of its full-year earnings...
E.ON Highlights Uncertainty over German Grid Funding Reforms
FRANKFURT, Nov 12 (Reuters) - E.ON, Europe's largest energy network operator, on Wednesday said it was concerned that new regulations on how much German power grid operators can earn on investments will not adequately reward their financing. E.ON finance chief Nadia Jakobi, speaking to investors after presenting nine-month results, said uncertainty around the regulation, which sets power grid returns for the five years from 2029, was "greater than we had expected by now".
Uniper Sells Hydropower for 2026, 2027, Part of Hedging Strategy
FRANKFURT, Nov 6 (Reuters) - German utility Uniper has sold sizeable quantities of its future hydropower and nuclear output as part of its hedging strategy, the company said in a presentation for analysts on Thursday. Uniper has sold 40% of its German hydropower output for 2026 at an average price of 92 euros ($107.29) per megawatt hour and 60% of the output in 2027 at an average of 86 euros/MWh, it said, discussing nine-month 2025 earnings and strategy.
German probe clears firms of abuse in 2024 power price surges
High-voltage power lines and electricity pylons are pictured close to the motorway A24 near Luettow-Valluhn, Germany, January 31, 2025.
German probe clears firms of abuse in 2024 power price surges
German probe clears firms of abuse in 2024 power price surges No evidence of market abuse in winter Dunkelflaute periods Hundreds of euros prices/MWh reflected supply challenges Authorities stress need for new, reliable power capacity Comes as Germany is pushing to finalise gas plant scheme German authorities said on Tuesday that an investigation into sharp power price spikes during periods of low renewable output in late 2024 found no evidence of market manipulation by major electricity...
Germany should look for new trade partners, Chancellor Merz says
Germany should look beyond a trade deal between the US and the EU that slaps 15% tariffs on EU goods by finding new trade partners in coming years, Chancellor Friedrich Merz said on Sunday. “How do we handle world trade if, for example, the Americans are no longer prepared to play by the rules of the World Trade Organisation?” Merz said at a government Open Day, an event where people can visit Berlin institutions and participate in discussions.
Germany's Kazakh oil imports only briefly disrupted by Druzhba pipeline attacks, Berlin says Original
Germany says Kazakh oil flows briefly disrupted Schwedt oil refinery continues operations Ukraine claimed attacks on Russia's Druzhba pipeline FRANKFURT/MOSCOW, Aug 19 (Reuters) - Kazakhstan's oil exports to Germany via Russia's Druzhba pipeline were briefly disrupted after Ukrainian attacks on the infrastructure, but supplies had been restored and were not at further risk, the German economy ministry said on Tuesday.
Hapag-Lloyd CEO says company needs to address cost basis
German container liner Hapag-Lloyd must seek to curb costs in response to profit declines in the first half of 2025 that partly resulted from start-up spending on the new Gemini cooperation with rival Maersk, it said on Thursday. "We need to put more and more emphasis on the competitive cost structure a little earlier, certainly (that is) a priority over the next 12 to 18 months," said Chief Executive Rolf Habben Jansen in a call with analysts.
Hapag-Lloyd lowers 2025 earnings forecast, seeks savings
A view shows Hapag-Lloyd containers at a loading terminal in the harbour in Hamburg, Germany, July 13, 2025.
Hapag-Lloyd lowers 2025 earnings forecast, seeks savings
By Vera Eckert FRANKFURT (Reuters) -Container shipping firm Hapag-Lloyd on Thursday reported a 3.1% decline in first-half net income and lowered the top end of its full-year earnings forecast, which has prompted it to focus on cost savings over the next 12-18 months. CEO Rolf Habben Jansen told analysts that start-up spending on its Gemini cooperation with competitor Maersk, fidgety customers amid changing U.S. trade policies, and virtual closure of the Suez Canal weighed on profits.
E.ON calls for higher grid returns in Germany as core profit jumps Original
A shareholder carries a bag with the logo of E.ON during the company's annual shareholders meeting in Essen, Germany May 10, 2017.
Germany's SEFE agrees 3-year LNG supply deal with ADNOC
Germany's SEFE has agreed a three-year deal to receive about 700,000 metric tonnes of liquefied natural gas (LNG) from the United Arab Emirates' ADNOC, with deliveries due to begin in summer of 2025, both companies said on Thursday. State-owned SEFE, or Securing Energy For Europe, is seeking long-term supply deals after losing most of its Russian pipeline gas imports in 2022, following Russia's invasion of Ukraine.
Nextwind raises $1.6 billion for German wind energy expansion
(Reuters) -Nextwind, a European renewable energy provider, said on Tuesday that it had secured 1.4 billion euros ($1.6 billion) in debt financing for the expansion of a wind energy project in Germany. The deal includes the possibility of raising a further 1.3 billion euros in the next five years if the Berlin-based firm hits capacity targets. The company said that the financing was the largest by an independent wind energy firm in Germany.
Decisive action needed to prevent Germany ‘losing more ground’ as a battery maker
Frankfurt — Battery output and trade in Germany dropped sharply in 2024 amid a slowdown in the roll-out of electric cars and competition from Asian producers, electronics industry association ZVEI said on Tuesday, asking policymakers to help stem the decline. Market volumes, describing production plus imports minus exports, in the industry fell 16% in 2024 to a total value of €20.5bn, mostly due to weaker demand for lithium-ion batteries used in e-mobility.
Austrian gas hub records higher trading volumes despite end of Russian flows Original
Trading, storage and pipeline hub CEGH proves resilient Fears of decline unfounded as regional role grows Summer buying for winter picks up after price falls FRANKFURT, May 20 (Reuters) - Austria's central gas hub has registered increased trading volumes on its platform this year, overcoming fallout from the halt to Russian gas flows through Ukraine, Chief Executive Gottfried Steiner said.
Less hydro, wind could put more strain on Europe's gas stocks this summer
PARIS/OSLO (Reuters) -Lower hydropower stocks and wind speeds in northwest Europe could raise demand for gas and coal-fired power generation this summer at a time when Europe already needs additional gas volumes to refill storage depleted after the winter. Hydro levels and snow pack are now below average in continental Europe, much lower than levels recorded in 2024, LSEG data showed, while gas demand has risen year-on-year.
Explainer-What's behind the request for Germany to split its power market?
FRANKFURT (Reuters) -Germany has been landed with demands to split its 25 year-old single electricity market into up to five price bidding zones by European power grid lobby ENTSO-E, that wants to stop intra-German price differences leaking to neighbouring countries. Here are facts and considerations around the issue as a six-month consultation period started on Monday. WHY HAS THE TOPIC COME TO THE FORE?
EEX bourse saw 16% revenue growth in 2024 as power volumes grew
FRANKFURT (Reuters) - The European Energy Exchange's (EEX) revenue rose 16% last year, mainly driven by higher electricity trading volumes in its European, North American and Japanese markets and with new international trade participants joining, it said on Monday. With 80 new participants joining last year, there are now 950 members active in power, gas, environmental products, freight and agriculture, as well as related clearing services on the EEX.
Hapag-Lloyd sees earnings falling further this year as US tariffs, Suez weigh
Container shipping firm Hapag-Lloyd said on Thursday (March 20) net profit fell nearly 19% in 2024 and is expected to decline further this year, with U.S. tariffs and Houthi militant attacks on shipping in the Red Sea clouding the outlook. The world’s fifth biggest container liner said President Donald Trump’s tariff policies were weighing on demand, while the timing of operators’ return to the Red Sea would be decisive for operational performance in 2025.
Suez crisis not seen ending, return would be gradual, Hapag-Loyd CEO says
MARITIME "Two or three weeks ago, I would have been more optimistic on when it will open; now, I am more concerned," CEO Rolf Habben Jansen said after presenting earnings for 2024 March 20, 2025 Commercial shipping will not see a quick resolution of the Suez Canal crisis, with vessel owners forced to opt for a costly alternative route around Africa to avoid attacks by Houthi militants, the head of Hapag-Lloyd said on Thursday.
Hapag-Lloyd sees earnings falling further this year as US tariffs, Suez weigh
1. MU 2. NKE 3. FDX 4. DRI 5. BA 6. SPY 7. MPWR 8. ALNY 9. PL 10. ASO Tweet Share E-mail 0 shares FILE PHOTO: Containers are unloaded from the Hapag-Lloyd container ship Chacabuco at the HHLA Container Terminal Altenwerder, on the River Elbe in Hamburg, Germany March 31, 2023.
Euro zone investor morale brightens substantially in March
Investor morale in the euro zone brightened substantially in March, with economic expectations hitting their highest reading since July 2021, a survey showed on Monday, as Germany's plans for new debt contributed to the positive sentiment.
Germany’s Merz wants European nuclear weapons to boost US shield
10 March 2025 - 06:45 Just R20 for the first month. Support independent journalism by subscribing to our digital news package. Germany's chancellor-in-waiting Friedrich Merz says he wants to talk to France and Britain about sharing their nuclear weapons. German chancellor-in-waiting Friedrich Merz on Sunday said he would like talks with France and Britain about sharing their nuclear weapons, but not as a substitute for US nuclear protection of Europe.
Germany's Merz and SPD clear first hurdle to forming coalition
German election winner Friedrich Merz's conservatives and the Social Democrats (SPD) concluded preliminary talks on forming a coalition government on Saturday, promising to get tough on illegal migration, support industry and boost the economy. Chancellor-in-waiting Merz wants to form a coalition by Easter, which falls on April 20 this year.
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