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Shanghai: Nanjing Tanker Corporation (NJTC) is facing a delisting from the Shanghai bourse after it confirmed a third consecutive year of net losses in 2012.
London: Asia-based small tanker owner Yujin International is seeking to delist from the London exchange due to its share price under-valuation and lack of liquidity in its shares trading.
Private equity has made a visible mark on the shipping scene; in the latest iteration, a big fund group is getting behind an acquisition company that was unable to pull…
Singapore: Tankers Inc, a 2010-founded product tanker company headed by former Torm ceo Mikael Skov, expects a major build up of its fleet this year as it works on a…
St. Petersburg: Net profit at Russian state owned OAO Sovcomflot (SCF) fell 38.2% to $33.2m in 2012 from $53.7m in 2011.
Riyadh: First quarter net profit at Bahri (formerly National Shipping Company of Saudi Arabia) fell 9.7% year on year from SAR160.1m in 2012 to SAR144.5m 2013.
Bergen: Chemical tanker heavyweights in northern Europe believe the sector could be back in balance as soon as next year.
Dubai: The Shipping Corporation of India (SCI) will take over six of the seven vessels belonging to recently dissolved Iranian joint venture Irano Hind Shipping.
Copenhagen: Tanker rates in the first quarter have outperformed those of the comparable quarter last year reports troubled Danish tanker operator Torm.
Dubai: Odfjell Tankers (Odfjell) and National Chemical Carriers (NCC) will split their 18 vessel 40,000 - 45,000 dwt chemical tanker pool on 1 June 2013.
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