Impact of Paradise Papers on Shipping Industry

Clyde & Co provides main takeaways from the Paradise Papers on the shipping industry

LSC Sinks Deeper on Fleet Value Decline

Nasdaq Riga-listed tanker owner and operator Latvian Shipping Company (LSC) realised a net loss of USD 25.18 ...

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Teekay Tankers Sees Signs of Market Upturn in 2017

2017 will present some headwinds to crude tanker rates due to cuts to OPEC production, rising oil prices, and fleet ...

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Genco Takes USD 98 Million Loan to Tackle Continuous Losses

NYSE-listed dry bulk shipping company Genco Shipping & Trading Limited has entered into a USD 98 million loan ...

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Avance Gas Flying High on Record VLGC Freight Rates

Nasdaq-listed owner and operator of very large gas carriers (VLGCs) Avance Gas ended the third quarter of the ...

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Yangzijiang Bags First VLGC Orders, Marks 16% Profit Dip

Singapore-listed Yangzijiang Shipbuilding (Holdings) Limited reported a 16% dip in net profit compared to the same ...

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Wärtsilä Marine Solutions Sees 12% Drop in Order Intake

Order intake at Finnish engineering company Wärtsilä’s Marine Solutions sector reached EUR 407 million (USD 460.4m) ...

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Carnival Cleans Up

Miami-based cruise company Carnival Corporation has reported its strongest ever non-GAAP net income of USD 1.4 ...

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Maersk’s Quarterly Profit Dips

Danish shipping and energy conglomerate Maersk Group delivered USD 1.1 billion underlying net profit for the ...

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ICTSI Posts Lower Profit Despite Surge in Revenue

Manila-based port operator International Container Terminal Services, Inc. (ICTSI) improved its throughput and ...

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NAT Boosts Profit

Bermuda-headquartered Nordic American Tankers (NAT) ended the second quarter of 2015 with USD 30.9 million net ...

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Wilh. Wilhelmsen Stays in Black

Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen ASA ended the second quarter of 2015 with USD 70 ...

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Nakilat Unfazed by Oil Price Seesaw

Nakilat Unfazed by Oil Price Seesaw

Qatar Gas Transport Company (Nakilat), the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has ...

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Stolt-Nielsen Squeezes Higher Profit out of Falling Revenue

Stolt-Nielsen Squeezes Higher Profit Despite Falling Revenue

Oslo-listed Stolt-Nielsen Limited reported USD 42.5 million net profit for the second quarter ended May 31, 2015, a ...

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Cosco Corp Close to Red

Cosco Corp

Singapore-listed offshore marine engineering, shipbuilding, ship repair & conversion and dry bulk shipping ...

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Island Offshore Announces Q3 2013 Financial Report (Norway)

Fleet revenue totals NOK 521 mill in Q2 2013 and NOK 974 mill YTD 2013. Fleet utilization YTD is satisfactory at ...

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