2018 a Loss-Making Year for Crude Oil Tankers

Peter Sand

BIMCO's Chief Analyst reveals what lies ahead for tanker, dry bulk markets.

Damen Marine Components, Van der Velden Marine Systems Merge

Damen Marine Components and Van der Velden Marine Systems have decided to merge into one company. 

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9 of 20 Shipping Majors Will Disappear by End of 2018

CEO of Hapag-Lloyd expects consolidation in the sector to continue this year.

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Maritime London to Merge with IMIF

The International Maritime Industries Forum (IMIF) is to be merged with Maritime London.

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Port of Ghent, Zeeland Seaports Merge into North Sea Port

Zeeland Seaports and Ghent Port Company sign deal to merge into a cross-border port to be named North Sea Port.

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CMA CGM Merges Subsidiaries

French CMA CGM Group will merge its two subsidiaries MacAndrews and OPDR, specializiang in short sea ...

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Teekay Tankers, TIL Close Merger Deal

Tanker owners and operators Teekay Tankers and Tanker Investments Ltd. (TIL) finalized their merger agreement on ...

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Teekay, TIL Shareholders Advised to Back the Merger

Proxy advisory firms of Tanker Investments Ltd (TIL) and Teekay Tankers have recommended that the shareholders of ...

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South Africa Gives Nod to Maersk Line's Hamburg Süd Deal

South Africa’s Competition Tribunal cleared Maersk Line’s proposed acquisition of German liner ...

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NYK Boss: Merger of Japanese Liner Businesses a Turning Point

The merger of liner businesses of Japan’s big three shipping companies, Kawasaki Kisen Kaisha (K Line), ...

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Euroseas, Poseidon Eye Merger of Container Fleets

Greek shipowner Euroseas has signed a non-binding letter of intent with Poseidon Container Holdings Group, an ...

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Bergen Group’s Merger with Bergen Offshore Cleared

The boards of Bergen Group ASA and Bergen Group Offshore AS have approved a merger plan between the two companies, ...

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Report: ADNOC Eyes IPO for New Shipping Unit

State-owned oil firm Abu Dhabi National Oil Company (ADNOC) is reportedly looking to sell shares in a new shipping ...

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Teekay Tankers in Share Buyback Move

Bermuda-based shipping company Teekay Tankers has announced a share repurchase program for the buyback of up to USD ...

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Port of Ghent, Zeeland Seaports to Present Merger Plans

Belgian Port of Ghent and Dutch Zeeland Seaports are to presented a balanced merger agreement to their shareholders ...

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Scorpio Wraps Up Merger with Navig8 Product Tankers

Monaco-based tanker owner and operator Scorpio Tankers has closed its merger with Navig8 Product Tankers Inc, the ...

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Scorpio's Merger with Navig8 Product Tankers About to Close

The previously announced merger between Marshall Islands-incorporated tanker owner and operator Navig8 Product ...

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Hapag-Lloyd Trims Loss, Books Volume Growth

German shipping company Hapag-Lloyd posted a net loss of EUR -46.1 million (USD 55.1 million) in the first half of ...

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DBS: Keppel, Sembcorp Marine Merger Would Make Sense

Prevailing challenges in the offshore and marine sector have sprung rumors on the potential consolidation of ...

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South Africa Rejects Japanese Trio's Merger Deal

The South African Competition Commission has decided to block the proposed merger between Japan’s big three ...

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New Wave of M&As to Include Medium-Sized Carriers?

The opportunities for further mergers and acquisitions among Top 20 carriers are receding with each new deal, but ...

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Teekay Tankers, TIL Create Tanker Giant

Tanker owners and operators Teekay Tankers and Tanker Investments Ltd. (TIL) have entered into an agreement to ...

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