All News

 

NORDEN confident of improved year

(Nov 10 2017)

Drybulk and tanker owner NORDEN has reported an adjusted third quarter 2017 result of $4 mill, compared with a loss of $12 mill in 3Q16.



Gener8 takes steps to address balance sheet

(Nov 10 2017)

US-based Gener8 Maritime has recorded a net loss of $67.5 mill for the three months ended 30th September, 2017, compared to a loss of $37.4 mill for the same period in the previous year.



Concordia takes impairment hit

(Nov 10 2017)

Concordia Maritime‘s income fell to SEK197.7 mill in the third quarter of this year and to SEK633.8 mill for the first nine months of 2017.



KNOP reports higher revenues

(Nov 10 2017)

KNOT Offshore Partners has reported total revenues of $58.2 mill for the three months ended 30th September, 2017, compared to $54.4 mill for the second quarter of this year.



International Seaways narrows losses

(Nov 10 2017)

International Seaways reported a third quarter net loss of $21.8 mill, compared with net loss of $50.9 mill, for 3Q16.



OSG hit by revenue decline

(Nov 10 2017)

Jones Act tanker owner Overseas Shipholding Group’s (OSG) shipping revenues were $93.3 mill for the third quarter of this year, down 18.3% compared with 3Q16.



Odfjell - Challenging chemical tanker market continued into third quarter

(Nov 10 2017)

Odfjell’s third quarter results were hit by a weaker spot market for chemical tankers, while the terminals market came under pressure from falling forward prices of oil/products.



FSL Trust takes further impairment charges

(Nov 10 2017)

FSL Trust Management (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), announced a net loss of $21.7 mill in the third quarter of this year.



Reedy joins DHT Holdings board

(Nov 10 2017)

DHT Holdings has appointed Susan Reedy to its board of directors as a Class I Director until the company's 2020 annual meeting of shareholders.



Challenging product tanker market in first nine months - DIS

(Nov 10 2017)

In the first nine months of 2017, d’Amico International Shipping (DIS) recorded a net loss of $13.6 mill, compared to a net profit of $6.1 mill posted in the same period of last year.



NAT’s loss widens

(Nov 10 2017)

Nordic American Tankers (NAT) suffered a further fall in its net result to minus $34.3 mill in the third quarter of this year.



Pyxis switches to timecharters to halt revenue slide

(Nov 10 2017)

Pyxis Tankers reported that for the three months ended 30th September, 2017, the company suffered a net loss of $1.3 mill, compared to a net loss of $1.5 mill for the same period in 2016.



Markets - Chemical tanker rates set to improve

(Nov 10 2017)

Subdued ordering and a narrowing in the tonnage supply-demand gap from late 2018, is expected to support a recovery in the chemical shipping market, according to the latest edition of the ‘Chemical Forecaster’, published by shipping consultancy Drewr...



Markets - Older VLCCs in favour

(Nov 10 2017)

The VLCC market remained flat during the past week for modern tonnage, as charterers focused more on older units.



Shell Marine launches 2-stroke engine cylinder oil

(Nov 10 2017)

The new cylinder oil’s high base number is aimed at delivering the ultimate protection for the most modern efficient engines against cold corrosion issues and the means of optimising oil feed rates when fuel grades change, Shell said.




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Oct 2017

2020 bunker rules - Wallem interview - massflowmeters for bunkers - Ardmore Shipping - Thun Tankers



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