Sustainability in the heavy lifting industry

Cost efficiency and sustainability, two topics that are frequently discussed in the offshore and maritime industry. There are many developments and innovations going on in this area.

GOGL Still in The Red

Dry bulk shipping company Golden Ocean Group Limited (GOGL) managed to narrow its net loss in the first quarter of ...

read more →

Low Rates Lead Diana Containerships to 1Q Loss

Greek-based containership owner Diana Containerships widened its net loss in the first quarter of this year, ...

read more →

Navios Partners Closes 1Q in Red

Greek owner and operator of drybulk and container vessels Navios Maritime Partners suffered a net loss of USD 5.7 ...

read more →

GulfNav Reports 1Q Profit Surge

Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) ended the first three months of 2017 with a 39 ...

read more →

Pyxis Tankers Pushes One-Third of Debt Repayment to 2022

Greece-based Pyxis Tankers has reached a preliminary agreement with one its lenders to extend the maturity of the ...

read more →

Tanker Investments Inks Charters for Two Suezmaxes

Norway-based investment company focused on the tanker market Tanker Investments Ltd. (TIL) has secured one-year ...

read more →

J. Lauritzen Posts 1Q Loss amid Challenging Markets

Danish shipping company J. Lauritzen widened its net loss in the first quarter of 2017 to USD 12.4 million from a ...

read more →

TORM Reports Profit Dip

As a result of the challenging tanker market, Danish shipping company TORM ended the first quarter of this year ...

read more →

DFDS' Freight Volumes Up in North Sea

Despite reduced passenger volumes due to late Easter, Danish-based shipping and logistics company DFDS reported ...

read more →

INSW Eyes Fleet Growth as It Reports Q1 Profit

US-based tanker shipping firm International Seaways (INSW) is eager to avail of the attractive market so as to ...

read more →

Impairment Charges Hurt DHT's 1Q Profit

Bermuda-based tanker shipping company DHT Holdings posted a net income of USD 14.3 million in the first quarter of ...

read more →

Genco Cuts Quarterly Loss

US-dry bulk shipping company Genco Shipping and Trading managed to narrow its quarterly net loss to USD 15.6 ...

read more →

NAT Ends 1Q in Red

Still impacted by weak tanker market conditions, Bermuda-based tanker owner Nordic American Tankers (NAT) suffered ...

read more →

Philly Shipyard Reports Profit Surge in 1Q

US-based shipbuilder Philly Shipyard closed the first quarter of this year with a net income of USD 17.2 million, ...

read more →

Ardmore Closes Q1 in Red

Bermuda-headquartered owner and operator of product and chemical tankers Ardmore Shipping Corporation suffered a ...

read more →

Maersk Scraps 7 Boxships at Asian Yards in 1Q

Danish container shipping giant Maersk Line sent a total of seven Panamax vessels to ship recycling yards during ...

read more →

GSL Sees Improvement in Spot Market Charter Rates

UK-based containership charter owner Global Ship Lease (GSL) posted a net income of USD 6.8 million in the first ...

read more →

Exmar to Take Delivery of Caribbean FLNG in May

Belgium’s LNG and LPG carrier owner and operator Exmar revealed it expects to take delivery of Caribbean ...

read more →

Navios Midstream's 1Q Profit Cut

Monaco-based owner and operator of tankers Navios Maritime Midstream Partners recorded a net income of USD 4.5 ...

read more →

Seaspan Bullish on Containership Market Recovery

Hong Kong-headquartered containership manager and owner Seaspan Corporation delivered a net income of USD 40 ...

read more →

Poor TCE Rates Push Scorpio Tankers to Loss

Due to low time charter equivalent (TCE) rates, Monaco-based tanker shipping company Scorpio Tankers suffered a net ...

read more →