Building the Engine Room of the Future

Bachmann’s involvement in MARIN’s Zero Emissions Lab

Bachmann’s involvement in MARIN’s Zero Emissions Lab

MISC Posts Profit, Revenue Rise

MISC

Malaysian MISC Berhad ended Q1 2019 with a considerable profit increase.

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Belships' Earnings Up on Lighthouse Merger

Belships

Belships said it was open for further "ships for shares" deals after the recent three-ship buy.

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Teekay Group Sees 40 Pct Rise in EBITDA

teekaY

Teekay reports an increase of 40 percent in total adjusted EBITDA.

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Maersk Makes Good Start to 2019, Launches USD 1.5 Bn Buyback

Maersk vessel

Maersk launched USD 1.5 billion buyback as it made good progress on its transformation in the 1st quarter of 2019.

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Improved TCE Rates Boost Nordic Shipholding's Earnings

tanker

The improvement in TCE rates helped Nordic Shipholding return to profit in Q1 2019.

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Scrubber Installation Costs Push Star Bulk into Red

Petros Pappas, CEO of Star Bulk

Star Bulk Carriers delivered a net loss in the first quarter on the back of higher costs and off-hire days.

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ZIM Cuts Net Loss in Tough Business Environment

ZIM

ZIM managed to shrink its net loss in the first quarter of the year as revenues, volumes increased.

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Ship Finance International Eyes Further Growth Opportunities

containership

Ship Finance International closes Q1 2019 with a considerably higher net income.

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Golden Ocean Agrees Refinancing amid Weaker Markets

Finance

GOGL signed two new credit facilities to refinance obligations under previous loans which financed 14 vessels.

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GulfNav Posts Net Loss but Revenue Jumps

Gulf Fanatir

Gulf Navigation Holding (GulfNav) ended the first quarter of this year with a net loss.

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NAT Sees Best Result in Almost Three Years

nat

Nordic American Tankers managed to return to profitability during the first quarter.

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DryShips to Invest USD 100 Mn in Scrubbers, Ballast Systems

Finance

DryShips reveals future proofing plan to install scrubbers and ballast water systems on its fleet.

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HMM Narrows Loss, Counts on Improved Rates and Volumes

Hyundai Merchant Marine

Both freight rate and container volumes are highly likely to increase in the next two quarters, the company said.

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Yang Ming Forms Subsidiary in Indonesia

ym-warranty

The new company will operate from three branch offices.

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Avance Gas Fetches USD 515 Mn Refinancing

Finance

Avance Gas would enable refinance its outstanding debt with the USD 515 million credit facility.

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Epic Gas Names New Chairman, Cuts Loss

Epic St. Croix

Epic Gas has appointed a new Chairman as it narrowed its loss in the first quarter of the year.

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TORM Posts Its Strongest Quarterly Result in 3 Years

tankers

The rise in TORM's profit in Q1 2019 was driven by product tanker market recovery.

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Danaos Reports First-Quarter Profit Rise

danaos

Danaos Corporation wrapped up Q1 2019 with a considerably increased net income.

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Team Tankers Inks Sale and Leaseback, Narrows Loss

Tanker

Team Tankers agreed a sale and leaseback for its 2003-built tanker at a price of USD 12.5 million.

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International Seaways Benefits from TCE Rates Revival

vlcc

International Seaways reported a profitable first quarter of this year.

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Navios Acquisition Ends First Quarter in Black

Tanker

Navios Acquisition returned to black in the first quarter of 2019 as it continued shedding older tonnage.

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