Connecting gears of the energy transition
The energy transition is one of the greatest challenges of our time
→OOIL Ready for Potential Headwinds
COSCO-owned OOIL wrapped up 2019 with a significant earnings growth despite market uncertainties.
read more →HHLA’s Earnings to Take a Strong Hit from Coronavirus Impact
HHLA expects its revenue and operating result for 2020 to fall considerably below figures reported last year.
read more →Sovcomflot Reports Strong 2019 Earnings
Russian shipping major Sovcomflot (SCF Group) managed to return to profit in 2019 – the first year of …
read more →Strategic Acquisitions Spur DP World’s Revenue Growth
DP World posted 36.1 percent revenue growth and a 4.6 percent higher profit for the full year of 2019.
read more →TORM Bullish on Outlook despite COVID-19, Oil Price Crash
TORM is reaping fruits from one of the strongest starts of a year for the product tanker market.
read more →CEVA Takeover Affects CMA CGM’s Bottom Line
CMA CGM ended 2019 with significantly increased revenues due to the CEVA takeover but also a high net loss.
read more →Diamond S Kicks Off USD 50 Mln Share Repurchase Program
Diamond S Shipping Inc. to initiate a share repurchase program of up to USD 50 million.
read more →Norden Reports Its Best Quarterly Result in 5 Years
Danish shipping company Norden wrapped up 2019 with profit.
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Teekay Returns to Black
The fourth quarter of 2019 marked a return to profitability for Teekay.
read more →Höegh LNG Settles LNG Boil-Off Dispute with Total
Höegh LNG agrees with Total to settle the boil-off dispute regarding Neptune and Cape Ann.
read more →Pacific Basin Eyes Further Second-Hand Acquisitions
Pacific Basin is keen on enlarging its fleet, but is staying clear from ordering newbuilds.
read more →Finnlines Reports Stable Result Despite Lower Volumes
Last year was profitable for Grimaldi’s Finnlines despite a decline in cargo volumes.
read more →Flex LNG Enjoys ‘Best-Ever’ Financial Results
Flex LNG announced its best-ever financial results with a net income of around USD 24 million for Q4 2019.
read more →Maersk Posts Higher Earnings, Expects Weak Start of 2020
Maersk managed to improve earnings and free cash flow in 2019.
read more →Scorpio Tankers Reaps Fruit of Scrubber Project
Scorpio Tankers’ scrubber fitted ships have been earning more money than those without scrubbers.
read more →GoodBulk Offloads Capesize Duo
Dry bulk vessel owner and operator GoodBulk sold two older Capesize vessels in January 2020.
read more →More LNG Carriers in Operation Boost MISC’s Revenue
MISC Group wrapped up 2019 with both profit and revenue increases.
read more →Hapag-Lloyd Cheers 80 Pct Higher Operating Profit in 2019
Hapag-Lloyd recorded an over 80 pct increase in earnings before interest and taxes for 2019.
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Slowing World Trade Affects Port of Rotterdam Volumes
The Port of Rotterdam’s freight throughput remained flat in 2019, as growth in international trade lost momentum.
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