Gulf Navigation Holding (GulfNav) is on course for a major expansion of its business as it reports a 33% jump in first half profits.
Tanker owner Euronav says the delay in implementation of the IMO’s Ballast Water Management (BWM) Convention for all large tankers by two years will have little impact on the market.
Nordic American Tankers (NAT) has inked two additional time charters with oil major Shell.
As tanker and bulker newbuilding vessel orders begin to rise, there has still been an overall drop in newbuilding orders in first-half 2017 across shipping segments compared to the same period last year. This as it maybe, Greek shipowners have doubled their contracting in the first half, according to data from VesselsValue.
One of the world’s largest shipowners Nippon Yusen Kaisha (NYK) returned to the black in the first quarter ended 30 June 2017 and has maintained its full year profit forecast.
We are continually reading how the “shipping crisis” seems to have had little impact on Greece shipping, as the community 'bounds along consolidating its standing at the top of most stats on world's fleet. Greek publication Naftiliaki has now added to the mountain of statistics, confirming the country's largest owners have mainly stood their ground, while others have crumbled.