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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.
Singapore: Demand for very large crude oil tankers has virtually “ground to a halt” as the oversupply situation worsens and imports from the US drop, even as the Asian region…
The booming East African products import market is little remarked on but is playing a role in sustaining demand for MR and LR product carriers. Rising population and increased mining…
Jakarta: The IM Skaugen vessel Norgas Cathinka has been released after more than six months detention in Indonesia, although two crew members remain detained awaiting trial.
Seoul: Korea Development Bank (KDB) has launched due diligence for a takeover of STX Pan Ocean (STX PO), pushing up shares in the Korean shipowner.
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