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Shanghai: China Merchants Energy Shipping (CMES) plunged to a first quarter net loss amid a sluggish oil tanker shipping market.
The word pipeline can strike fear into the hearts of tanker owners as they envisage the loss of long haul crude demand - four years ago it was Russian announcements…
Piraeus: Navios Group has agreed to acquire 10 ships with $130m in cash and $170m in loan from the debtors of HSH Nordbank through a new joint venture named Navios…
Singapore: First Ship Lease (FSL) Trust reported a larger net loss in the first quarter over the previous year due largely to its exposure to Torm.
London: LNG shipments have fallen 45% at the Port of Milford Haven as worldwide LNG flows continue to shift.
Kuala Lumpur: Malaysian state oil and gas firm Petronas has failed in its bid to take shipping firm MISC private.
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…
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