DP World's Earnings Exceed USD 1 Bn

Despite “significant challenges” in the industry, Dubai-based port and terminal operator DP World has ...

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Cruise Segment Drives Genting Hong Kong's Revenue up

Genting Hong Kong, a part of Genting Group, has seen a surge in its revenue from cruise and cruise-related ...

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TEN Optimistic for 2017 amid Lower Profit

Greek tanker owner and operator Tsakos Energy Navigation Limited (TEN) reported that its net income plunged to USD ...

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Euronav's Profit Drops in Year of Two Contrasting Halves

Following a year of robust fundamentals and aggravated seasonal trading patterns, the Antwerp-based shipping ...

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Containerships Shrinks 2016 Net Loss

Finland’s container shipping firm Containerships has managed to cut its net loss during 2016 as it ended the ...

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Clarksons Reports Profit Dip

Amid challenging shipping markets, London-based provider of integrated shipping services Clarkson PLC (Clarksons) ...

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OOIL Sees Red Ink amid Difficult Markets

Due to challenging market conditions, Hong Kong’s Orient Overseas International Limited (OOIL), owner of ...

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Gener8 Maritime Adds New ECO VLCC, Earns Less in 2016

The US-based crude oil shipping company Gener8 Maritime has taken delivery of its ECO very large crude carrier ...

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ICTSI's Net Income Triples in 2016

Manila-based container terminal operator International Container Terminal Services, Inc. (ICTSI) has seen its net ...

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Marseille Fos Reaps the Fruit of Its Strategic Plan

Midway through its 2014-2018 strategic plan, the French port Marseille Fos has reported a 9.7 increase in 2016 ...

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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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TORM Inks Sale and Leaseback for Tanker Duo

Danish shipping company TORM has reached an agreement to sell and leaseback two of its vessels, the LR2 tanker TORM ...

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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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Shipping, Offshore Widen DVB's Allowance for Credit Losses

Germany’s DVB Bank said that its 2016 allowance for credit losses surged to EUR 381.4 million from EUR 141.5 ...

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2016 a Strong Year for Aegean Marine

Greek marine fuel supplier Aegean Marine Petroleum Network has seen its net income surge to USD 16 million in the ...

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Earthquake Affects CentrePort's Earnings

The earthquake which struck New Zealand on November 14 affected financial results of CentrePort, Wellington port ...

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Genco Widens Full Year Loss

US-based dry bulk specialist Genco Shipping and Trading widened its 2016 net loss to USD 217.2 million from a net ...

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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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Norden Aims to Return to Profit in 2017

As 2016 was a particularly difficult year for the shipping industry, Danish shipping company Dampskibsselskabet ...

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Ship Finance Continues to Diversify Its Assets Portfolio

Bermuda-based ship owner Ship Finance International Limited reported a net income of USD 28.5 million for the ...

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