Poor Chartering Market Pushes Pyxis Tankers to Loss

Having faced dire conditions in the chartering market, Greek product tanker company Pyxis Tankers suffered a ...

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GSL Upbeat on Small, Mid-Sized Boxships

Despite the depressed overall market, UK’s containership lessor Global Ship Lease (GSL) remains encouraged by ...

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OSG Nosedives into Red

NYSE-listed tanker owner and operator Overseas Shipholding Group (OSG) suffered a full-year net loss of USD 293.6 ...

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Team Tankers Plunges into Red

Due to a decline in charter rates and difficult market environment, Bermuda-based chemical tanker owner and ...

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Lena River Boosts Dynagas' Profit

2016 proved to be smooth sailing for the Monaco-headquartered owner and operator of LNG carriers Dynagas LNG ...

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Western Bulk Chartering Eyes USD 18 Mn in Equity

Oslo-headquartered dry bulk shipping operator Western Bulk Chartering will launch an offering on February 27 to ...

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Vessel Losses - Sailing into Safer Times?

With the improved safety at sea, total vessel losses seem to be on a downward trajectory. 2016 marked the fewest ...

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BW LPG Posts Major Drop in 2016 Profit

Due to the difficult situation in the liquefied petroleum gas (LPG) market, Singapore’s gas carrier owner BW ...

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Milaha’s Yearly Profit Down by 35 Pct

Marine transporter Qatar Navigation (Milaha) has reported a drop of 35 percent in its net profit for the full year ...

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Lauritzen Secures New Financing

Danish shipping company J. Lauritzen Group has agreed upon main terms for a new financing package from banks and ...

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COSCO Corporation’s Full-Year Loss Widens

COSCO Corporation (Singapore) Limited, a shipbuilding, marine engineering and dry bulk shipping group, saw a net ...

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Finnlines Posts Best Ever Annual Figures

Finnish ferry operator Finnlines, part of the Italian Grimaldi Group, delivered a record financial performance in ...

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Teekay LNG Sees 4Q Profit Rise. On Track to Secure Financing

Bermuda-headquartered owner and operator of liquefied natural gas carriers Teekay LNG Partners experienced a growth ...

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Tanker Investments Locks Away Aframax on 1-Year Charter

Norway-based investment company Tanker Investments has secured a one-year time charter for one of its ...

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Star Bulk Slashes Full-Year Loss

Greek dry bulk shipping company Star Bulk Carriers has managed to narrow its full-year net loss to USD 153.8 ...

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Newbuildings Drive NCLH’s Profit Surge

US cruise operator Norwegian Cruise Line Holdings (NCLH) delivered a profit of USD 633.1 million in 2016, ...

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Clarksons: 2016 Busy Year for Scrapping

2016 was a busy year for global ship recycling, especially when it comes to boxships and bulkers. What is more, ...

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Philly Shipyard Sees Higher Income

2016 has brought better financial fortunes for US-based shipbuilder Philly Shipyard, whose profit rose to USD 38.7 ...

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Ocean Yield: Good Time to Invest in New Ships

Norwegian shipowner Ocean Yield ASA said it is financially well-positioned for new investments in vessels with ...

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Odfjell Returns to Profit, Bullish on 2017

In spite of challenging markets, Norwegian shipping and tank terminal company Odfjell swung out of a loss to a ...

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Avance Gas in the Red

Norway-based transporter of liquefied petroleum gas (LPG) Avance Gas Holding has swung to a full-year net loss of ...

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