NAT's Earnings Decrease Despite Larger Fleet

Image Courtesy: NAT

Bermuda-based tanker owner Nordic American Tankers (NAT) has seen its operating cash flow drop to USD 40.7 million ...

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OOIL Plunges to Loss amid Challenging Market

Image Courtesy: OOCL

Hong Kong-based Orient Overseas (International) Limited, a parent company of Orient Overseas Container Line (OOCL), ...

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RBS' Shipping Impairment Provisions at USD 585 Mn

Image Courtesy: RBS

As challenging market conditions persisted in the shipping sector during the first half of 2016, the Royal Bank of ...

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Wilh. Wilhelmsen’s Returns Not at Satisfactory Level

Image Courtesy: Wilh. Wilhelmsen

Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen Holding (WWH) has seen an increase in total income and ...

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OPDR Adds More Calls to Its CISS Service

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Hamburg-based Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) optimized its Canary Islands and Iberian ...

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Container Port Operators Eye Mergers and Acquisitions

Image Courtesy: FEPORT

Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports ...

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Japan's Big Three Slash Full Year Outlook

Image Courtesy: NYK Line

Due to the persistent weakness in freight rates, Japan’s big three shipping companies Nippon Yusen Kabushiki ...

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Moore Stephens: Shipping to Disclose or Risk Being Exposed

Image Courtesy: WSC

The shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to ...

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Drewry: Brexit to Prompt Change in UK's Imports-Exports Mix

Image Courtesy: TTS Club

The UK’s decision to leave the European Union would probably lead to a change in the mix, as the UK could switch ...

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Ocean Alliance to Increase US East and Gulf Coast Service

Image Courtesy: CMA CGM

Shipping companies from the Ocean Alliance are looking to deploy increased ocean carrier services from Asia to the ...

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Nakilat Sees Steady Increase in Net Profit

Image Courtesy: Nakilat

Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has reported a net profit of QAR 501 ...

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Ocean Yield Sees Steady Profit, Rise in Revenue

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The Oslo-listed Ocean Yield ASA has seen its total revenues for the second quarter of 2016 rise to USD 70.1 ...

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Moody’s: Teekay Corporation's Outlook Raised to Stable

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Moody’s rating agency has upgraded the ratings outlook for Bermuda-based shipping company Teekay Corporation from ...

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Clarksons: Shipping Sees Toughest 1H Since Financial Crisis

Image Courtesy: MOL

Shipping is experiencing some of its toughest conditions since the financial crisis and, despite its many efforts, ...

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Hanjin Shipping Negotiating Debt Repayment Delay

Image Courtesy: Hanjin Shipping

Due to a prolonged period of slowdown in the shipping industry, South Korea’s cash-strapped company Hanjin Shipping ...

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HMM to Increase Middle East-Asia Coverage

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As Hyundai Merchant Marine aims to take advantage of a surge in shipping demand following the lifting of sanction ...

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Report: EU Ready to Settle with Liner Giants on Price Hikes

Image Courtesy: MSC

The European Commission is considering to accept the offer submitted by fifteen container shipping ...

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Carnival Corporation Sees Record 2nd Quarter Earnings

Image Courtesy: Carnival Cruise Line

Miami-headquartered cruise company Carnival Corporation & plc has reported a net income of USD 605 million for ...

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UK Urged to Form New Free Trade Commission Due to Brexit

Image Courtesy: UK Chamber of Shipping

As the British people made a decision to leave the European Union, the UK should consider establishing a new Free ...

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BIMCO Covers Shipping Contract Novation Loopholes

Image Courtesy: FEPORT

BIMCO has published three standard novation agreements that provide a legal framework to change one of the original ...

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Report: ECB Begins Review into Banks' Shipping Exposure

Image Courtesy: NordLB/Daniel Bames

As the shipping industry continues facing a weak demand, the European Central Bank (ECB) kicked off a review into ...

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