Performance Shipping: aggressive fleet expansion targets likely to result in material dilution again

Apr 22 2021


Small Aframax tanker operator is facing substantial headwinds with the charter environment still weak and 60% of its fleet scheduled for five-year special surveys later this year.

 

 

>>Seeking Alpha<<


Related News

Hess Corp profit tops estimate as tanker storage bet pays off

(Apr 29 2021)

Oil and gas producer Hess Corp posted a quarterly profit, more than double the Wall Street estimates, as its strategy to store oil during last year's downturn paid off.



Svanehøj wins major pump order for new Chinese MR tankers

(Apr 29 2021)

A significant expansion of the setup in China is showing results. In just a few months, Svanehøj has landed two major P&C pump orders in China.



"Record-weak tanker market" - Concordia's Interim Report Jan-March 2021

(Apr 29 2021)

Continuing large production cuts, stock reductions and consequences of the pandemic resulted in a record-weak market in the first quarter of 2021.



Castor Maritime Inc. announces vessel acquisition

(Apr 22 2021)

Castor Maritime Inc. (“Castor”, or the “Company”), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2015 Chinese-built Kamsarmax dry bulk carrier from an una...



TEN Ltd announces 24-month charter for four Panamax tankers

(Apr 22 2021)

TEN, Ltd (“TEN” or the “Company”) announced 24-month charters with profit sharing provisions for four LR1 product tankers to an oil concern.



April-May 2021

Safety risks from digitalisation and decarbonisation - seafarer mental health - ABS advice on ballast water systems