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Early last week, I ran into Nick Tsakos and Michael Jolliffe on Madison Avenue and we chatted for a minute; they were scurrying quickly to a meeting. Later in the…
Teekay Corporation reported a net loss of $11.7m in the first quarter, down from a $20.8m loss in the first three months of 2012.
Scorpio Tankers has gone to the markets for a $300m cash injection to boost its newbuilding programme. The New York-listed tanker company priced an offering of 36,144,578 shares of common…
Nanjing Tanker Corporation (NJTC) has confirmed it will delist from the Shanghai Stock Exchange on 14 May following three years of consecutive net losses.
Recently restructured tanker and bulk owner Torm announced a rise in spot market earnings in the first quarter of 2013, and improved year on year results.
Shuttle tanker owner-operator KNOT offshore partners (KOP) raised $156m in its initial public offering on the NASDAQ exchange. The offering comprised 7.45m shares at $21 each.
The medium term outlook for the product tanker industry is projected to be position in light of substantial growth in tonne-mile demand and vessel utilisation, according to Italian shipowner d'Amico…
A six month public consultation aimed at cutting red tape at the IMO starts today.
Odfjell group revealed mixed first quarter results today, with rising time charter and terminal earnings failing to prevent a $13m loss, more than triple the $4m loss in the same…
Great Eastern Shipping improved its annual earnings as the product tanker market displayed strength, but the weak crude tanker market has limited the company's profit upside.
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