Sembcorp Marine Swings to Q2 Loss; Outlook Gloomy
Singaporean rig builder Sembcorp Marine Ltd swung into the red in the second quarter, and cautioned a trend of negative operating profit would continue in the near term as overall business volume remains low.
Genco Receives Commitment for a 5-Year Senior Secured Credit Facility
Genco announced that it has entered into an agreement to acquire two 2016 South Korean built 180,000 dwt Capesize vessels for an en bloc purchase price of approximately $98 million.
TMS Cardiff Gas linked to newbuilding orders
According to broker reports, TMS Cardiff Gas – led by Christos Economou – has placed orders for three LNG carriers with S. Korean yards.
Top Stories
October 8, 2014
Crowley Takes Delivery of First LNG-Powered ConRo Ship
Crowley Maritime Corp. announced today that it has taken delivery of El Coquí, one of…
October 8, 2014
CMA CGM Buys 10% Stake in CSP Zeebrugge
CMA CGM has reached an agreement to purchase a 10% equity interest in CSP Zeebrugge…
October 8, 2014
Watson Farley & Williams advised Okeanis Eco Tankers
Maritime law firm Watson Farley & Williams has reported it advised Okeanis Eco Tankers, the…
October 8, 2014
Saudis Reap Benefit From U.S.-China Trade War As
Saudi Aramco is winning thanks to U.S. President Donald Trump’s trade war with China. Sales…
October 8, 2014
Thermal Coal Imports Surge 19% In Major Indian
India’s top 12 major ports reported a 19.32 percent surge in imports of thermal coal…
October 8, 2014
A Rare Hedge Fund Bet Targets the World’s
A.P. Moller-Maersk A/S is in an unusual place this year as the world’s biggest shipping…
Editor’s Picks
July 23, 2018
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Watson Farley & Williams advised Okeanis Eco Tankers on US$100M Oslo IPO
Maritime law firm Watson Farley & Williams has reported it…
July 21, 2018
Genco Receives Commitment for a 5-Year Senior Secured Credit Facility
Genco announced that it has entered into an agreement to…
July 20, 2018
TMS Cardiff Gas linked to newbuilding orders
According to broker reports, TMS Cardiff Gas – led by…
July 19, 2018
Aeolos buys Nissen VLCC
According to brokers, Aeolos Management has acquired its second VLCC…
Finance & Economy
October 8, 2014
Sembcorp Marine Swings to Q2 Loss; Outlook Gloomy
Singaporean rig builder Sembcorp Marine Ltd swung into the red in the second quarter, and…
October 8, 2014
Watson Farley & Williams advised Okeanis Eco Tankers
Maritime law firm Watson Farley & Williams has reported it advised Okeanis Eco Tankers, the…
October 8, 2014
Genco Receives Commitment for a 5-Year Senior Secured
Genco announced that it has entered into an agreement to acquire two 2016 South Korean…
October 8, 2014
Keppel Offshore and Marine Division Reports Second Quarter
Singapore’s Keppel Corp posted a 44 percent rise in its second-quarter profit, citing stronger earnings…
October 8, 2014
Nordea beats second quarter forecasts but trims 2018
Nordea beat quarterly forecasts helped by cost cuts on Thursday, sending shares in the biggest…
Shipping News
October 8, 2014
Crowley Takes Delivery of First LNG-Powered ConRo Ship
Crowley Maritime Corp. announced today that it has taken delivery of El Coquí, one of…
October 8, 2014
Saudis Reap Benefit From U.S.-China Trade War As
Saudi Aramco is winning thanks to U.S. President Donald Trump’s trade war with China. Sales…
October 8, 2014
A Rare Hedge Fund Bet Targets the World’s
A.P. Moller-Maersk A/S is in an unusual place this year as the world’s biggest shipping…
October 8, 2014
The Greek Maritime Golf event: The ultimate maritime
The best golf tournament for the shipping community has grown a year older and this…
October 8, 2014
Carnival Meets Goal to Reduce Carbon Footprint Ahead
Carnival Corporation, the world’s largest leisure travel company, released its eighth annual sustainability report, announcing…
Ports
October 8, 2014
CMA CGM Buys 10% Stake in CSP Zeebrugge
CMA CGM has reached an agreement to purchase a 10% equity interest in CSP Zeebrugge…
October 8, 2014
Southern Chinese ports prioritize thermal coal imports
Coking coal end-users in southern China are taking a step back from making seaborne purchases,…
October 8, 2014
Piraeus posts new container handling record
Container handling by Cosco’s subsidiary at the port of Piraeus recorded a new historic high…
October 8, 2014
HK port June throughput falls further
Container throughput at the Port of Hong Kong dropped further in June, falling 4.5% overall…
October 8, 2014
Port of Antwerp sets new records with best
The strong freight figures for the first quarter continued unabated in the second quarter. The…
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