VLCC market showing signs of strengthening again after a quiet week with most of the market-players away in Dubai.
Fearnleys Weekly Report [w47]
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Finance & Economy
November 22, 2018
Golden Ocean posts $33m loss in second quarter
Golden Ocean, a leading dry bulk shipping company, announced its results for the quarter ended…
November 22, 2018
TORM posts profitable second quarter
TORM’s results in the first half of 2019 reflect the Company’s strong operating performance relative…
November 22, 2018
Maersk reports strong improvements in earnings in Q2
Maersk delivers a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to…
November 22, 2018
Pyxis Tankers: Financial Results for the Three and
Pyxis Tankers, an emerging growth pure play product tanker company, yesterday announced unaudited results for…
November 22, 2018
Euronav posts USD 38.5 million Q2 net loss
Euronav ended the second quarter of 2019 with a net loss of USD 38.5 million,…
Shipping News
November 22, 2018
Dirty Fuel Margins Plunge as IMO 2020 Looms
Margins for European high sulphur fuel oil (HSFO), used to power ships, sank this week…
November 22, 2018
Eagle Bulk Establishes New European Office in Copenhagen
Eagle Bulk Shipping has decided to establish a new commercial office in Copenhagen, relocating from…
November 22, 2018
NORDEN signs multiple long-term global contracts
NORDEN has contracted with Enviva to transport 1.3-1.5 million metric tons of wood pellets from…
November 22, 2018
Iran Claims Britain Might Release Seized Tanker Soon
The British territory of Gibraltar will not yet release an Iranian oil tanker seized by…
November 22, 2018
Golden Ocean & Frontline invest in bunkering Joint
Golden Ocean and Frontline announced that they have entered into a non-binding term sheet agreement…
Ports
November 22, 2018
Cosco to expand Piraeus port by building fourth
Cosco, the operator of Piraeus port, plans to build a fourth cargo pier, expanding its…
November 22, 2018
APM Terminals Yucatan to expand and modernise Progreso
APM Terminals Yucatán, operator of the Port of Progreso, Mexico, has announced a significant investment…
November 22, 2018
Port of Rotterdam: New Container Throughput Record
The port of Rotterdam achieved throughput of 240.7 million tonnes in the first six months…
November 22, 2018
Drewry Sees DP World's Traffic Jarred by Politics,
U.S. sanctions against Iran and competition from Abu Dhabi are reducing traffic at DP World…
November 22, 2018
DP World: Significant Gross Volume Growth In 2Q2019
DP World handled 35.8 million TEU across its global portfolio of container terminals in the…
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