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.

Scorpio Bulkers Adds Final Newbuilds, Cuts Loss

Monaco-based dry bulk shipping company Scorpio Bulkers has taken delivery of all of its newly constructed vessels ...

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Surge in Shipping Risk Coverage Widens NordLB's Loss

As a result of a huge increase in the risk provisioning for ship financing, German shipping bank Norddeutsche ...

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COSCO Shipping Holdings Books USD 1.4 Bn Loss

Shanghai-listed COSCO Shipping Holdings Co, a unit of China Cosco Shipping Corporation Limited (Cosco Shipping), ...

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NordLB to Lend a Helping Hand to Bremer Landesbank

German shipping bank Norddeutsche Landesbank Girozentrale (NORD/LB) plans to provide financial relief to its ...

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Seaspan Corp Bleeds Red

Challenging market conditions have pushed China’s Seaspan Corporation to a full-year loss of USD 139 million ...

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Euroseas Triples Its Full Year Loss

Athens-based shipping firm Euroseas has seen its net loss for the year ended December 31, 2016 widen to USD 45.9 ...

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Team Tankers Remains in Loss amid Weaker Rates

Due to the weaker rates seen in the third quarter of 2016, Bermuda-based chemical tanker owner and operator Team ...

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Shipping Woes to Push NYK Line's Loss to USD 1.9 Bn

Japan’s shipping major Nippon Yusen Kabushiki Kaisha (NYK Line) expects to see a record loss of JPY 195 ...

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BW LPG Plunges into Loss amid Depressed LPG Spot Rates

Oslo-listed BW LPG Limited has reported a loss of USD 55.6 million in the second quarter of 2016, representing a ...

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Hanjin Shipping Sees Red Ink amid Falling Freight Rates

South Korean shipping company Hanjin Shipping has been further hit by falling freight rates in the container ...

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DSME Plunges into Red with USD 1 Bn Loss

South Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering (DSME) has returned to the red as it ...

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Sinotrans' First Half Loss Widens

As the global economy dragged forward in uncertainty and instability during the first half of 2016, the Hong ...

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Diana Shipping Delivers Wider Loss

As the activities in the dry bulk shipping industry remained slow, the Greek dry bulk ship owner Diana Shipping ...

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Safe Bulkers Books Bigger Loss in Q1

Dry bulk owner and operator Safe Bulkers sank further into the red during the first quarter of the year having ...

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Höegh LNG Partners Sinks to Loss in Q1

 Höegh LNG Partners LP reported a net loss of USD 1 million for the first quarter of this year, a decrease of ...

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Zim Swings Back to Red

Israeli container shipping company ZIM Integrated Shipping Services Ltd. has sunk to the red in the first quarter ...

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CMA CGM Books USD 100 Mn Loss in Q1

French container shipping company CMA CGM reported a net loss of USD 100 million in the first quarter of 2016 in an ...

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Cancelled Newbuildings Widen Pioneer Marine's Loss

Oslo-listed shipowner and dry bulk transporter Pioneer Marine reported a net loss of USD 13.9 million for the first ...

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Hapag-Lloyd Sinks to USD 48 Mn Loss

German shipping major Hapag-Lloyd has reported a net loss of EUR 42.8 million (USD 48.5 million) for the first ...

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NOL Books USD 105Mn Net Loss amid Market Overcapacity

Singapore-based Neptune Orient Lines (NOL) Group today reported a net loss after tax of USD 105 million for the ...

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Norden Swings to Q1 Loss amid Dry Cargo Woes

Miserable conditions in the dry bulk market have pushed Danish shipping company Dampskibsselskabet NORDEN A/S ...

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