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Yang Ming Suffers Net Loss After Returning High-Cost Ships

Yang Ming

Yang Ming plunged deeper into the red in Q3 2019 after returning several high-cost chartered vessels.

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Okeanis Eco Tanker Earnings Hit by Scrubber Refits

VLCC

The company is looking forward to a strong fourth quarter, however.

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Maersk's Operating Results Up despite Lower Container Demand

The company delivered strong free cash flow and a return on invested capital of 6.4%, according to Maersk CEO.

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Team Tankers Offloads Two More Older Ships

Team Tankers

Team Tankers is selling another two older vessels, pursuing its strategy aimed at younger ocean-going units.

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d'Amico Shrinks Loss, Bullish on Tanker Market Recovery

d'Amico

Better market conditions and cost efficiencies helped DIS narrow its net loss in the third quarter of 2019.

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Yangzijiang Secures 11 Orders in 2nd Half of 2019

So far this year the company secured 16 vessels, compared to 36 shipbuilding orders signed a year earlier.

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South Korea's HMM Continues Loss-Narrowing Trend

New Hyundai Merchant Marine brand

The company reduced its operating loss in the third quarter 2019 by 62.1 percent.

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Higher Volumes, Better Rates Push Hapag-Lloyd's Earnings Up

For the first nine months of 2019, Hapag-Lloyd’s net result jumped to EUR 297 million from EUR 13 million a year earlier.

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HHLA Reports Stronger Earnings in Changing Conditions

HHLA

Despite a volatile market, HHLA closed the first 9 months of 2019 with a significant revenue increase.

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LNG Business Softens MISC Berhad's Drop in Revenue

Group revenue for the third quarter was 3.7% lower compared to the same period a year earlier.

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TORM to Equip Ten More Ships with Scrubbers

This brings the total number of planned scrubber installations to 44.

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Navios Acquisition Confirms VLCC Sale, Inks Charter Deals

The company sold the 2002-built VLCC Nave Electron for a price of USD 25.3 million.

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Pangaea Sells Bulker Duo for USD 11 Mn

In October 2019, the company agreed to dispose of the 2001-built Bulk Juliana and the 1996-built Bulk Patriot.

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NCL Delivers Solid Quarter Despite Hurricane Dorian Impacts

The company said that the top line exceeded expectations and it recorded the highest quarterly revenue in its history.

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Scorpio Tankers Shrinks Loss as Vessel Revenues Rise

Net loss was at USD 45.3 million, compared to USD 71.7 million seen in the third quarter of 2018.

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Tankerska Next Generation Boosts Earnings

TNG's fleet currently consists of six MR tankers.

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Capital Product Partners Eyes Scrubbers for Six More Ships

Capital Product Partners is looking to equip at least six more ships with scrubbers in the coming period.

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Navios Partners Earnings Solid in Healthy Charter Market

The company earned a TCE rate of USD 18,778 per day for the third quarter.

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Japanese Trio Sees Profit as Liner Business Improves

ONE

NYK, MOL and K Line wrapped up the first half of the fiscal year 2019 with a profit.

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Royal Caribbean Continues with Record Earnings

Royal Caribbean

Miami-based cruise major Royal Caribbean Cruises has reported record third-quarter earnings despite negative headwinds.

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Ocean Yield Ends Third Quarter in Red

FPSO Dhirubhai-1

Net loss amounted to USD 63.2 million, compared to a net profit of USD 39.9 million reported a year earlier.

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