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.

Seanergy Benefits from Charter Rates Revival

Driven by significantly improved charter rates, the Marshall Islands-incorporated shipping company Seanergy ...

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Shipping, Offshore Crisis Still Affects DVB's Bottom Line

Due to a significant increase in allowance for credit losses, Germany’s DVB Bank suffered a net loss of EUR ...

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Golar LNG Widens Loss amid Flat Shipping Market

Owner and operator of LNG carriers Golar LNG reported a widened net loss for the second quarter of 2017 on the back ...

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Jinhui Shipping Shrinks Loss, Disposes of Five Ships

Supported by an improvement in the dry bulk shipping market, Hong Kong-based Jinhui Shipping and Transportation ...

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Offshore, Gas Businesses Help SCF Stay Afloat

Russian shipping company PAO Sovcomflot (SCF Group) recorded a net income of USD 15.2 million in the first half of ...

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ZIM Returns to Black in 2nd Quarter

Driven by a positive trend in the container shipping industry, Israel’s shipping company Zim Integrated ...

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Volumes Continue Rising at Cosco Shipping Ports

Although total throughput recorded by China-based Cosco Shipping Ports Limited increased during the first six ...

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Frontline Agrees Loans to Partially Finance Four Ship Deals

Tanker owner and operator Frontline signed two senior secured term loan facilities of USD 110.5 million each to ...

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Saga Tankers' Income Down in 1H

Norway-based shipping company Saga Tankers recorded a net income of NOK 41.4 million (USD 5.3 million) in the first ...

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COSCO Shipping Int's Earnings Surge as Market Recovers

COSCO Shipping International (Hong Kong) Limited witnessed a rise in its earnings during the first half of 2017, ...

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Höegh LNG Reports Profit Jump

Floating energy solutions provider Höegh LNG ended the second quarter of this year with a profit after tax of USD ...

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Navios Holdings Remains in Red

Greek shipping company Navios Maritime Holdings suffered a net loss of USD 37.3 million in the second quarter of ...

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Hafnia's Profit Slashed amid Weak Product Tanker Market

Denmark-based shipping company Hafnia Tankers ended the first half of this year with a profit of USD 2.3 million, ...

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J. Lauritzen Takes Six Bulkers on Time-Charter

Danish shipping company J. Lauritzen has continued adding vessels to its chartered fleet on the back of a slight ...

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Team Tankers Sells Two Ships, Stays in Red

Bermuda-based tanker operator Team Tankers International has finalized the sale of two of its vessels and chartered ...

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GOGL Cuts Loss amid Improved Dry Bulk Market

Nasdaq-listed dry bulk shipping company Golden Ocean Group Limited managed to cut its net loss for the second ...

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Tallink Grupp Extends Superfast Vessel Charter

Estonian shipping company Tallink Grupp informed that its subsidiary Baltic SF IX Limited has extended a charter ...

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Product Tanker Woes Hit TORM's Earnings

Pressured by a difficult product tanker market, Danish shipping company TORM ended the second quarter of 2017 with ...

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Clarksons Delivers Strong 1H Results

London-based provider of integrated shipping services Clarkson PLC (Clarksons) saw a strong financial performance ...

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Western Bulk Cuts Loss amid Improved Dry Bulk Market

Norwegian dry bulk operator Western Bulk managed to shrink its net loss in the first half of the year to USD ...

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Navig8 Chems Still in the Red

Driven by lower time charter equivalent (TCE) rates, chemicals transportation company Navig8 Chemical Tankers ...

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