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Athens: Tanker pool manager Heidmar is to diversify into new areas of the market in a bid to boost revenue stream and win new clients.
Rome: Product tanker company d'Amico International Shipping S.A. reported a net loss of $106m for 2012 after $85m of asset write downs hit its books.
New York: Ever-expanding Scorpio Tankers Inc. has exercised options for six product carriers at Hyundai Mipo Dockyard Co. (HMD) in a deal worth around $195m.
Shanghai: Nanjing Tanker Corporation, through its subsidiary Nanjing Yangyang Chemical Transport, has entered into a sale and leaseback deal with CMB Financial Leasing regarding four chemical tankers.
Hong Kong: Brightoil Petroleum plunged to a HKD871.15m ($112.29m) interim loss from a HKD965.23m profit in the previous corresponding period as both the International Trading and Bunkering (ITB) and Marine…
Copenhagen: Recently restructured Danish shipping firm Torm has announced that the sale of five of its vessels will see its 2012 losses reach $579m.
Stavanger: Norwegian gas carrier Solvang ASA today announced improved earnings in the fourth quarter and full year 2012.
VLCCs losing $20,000 a day going west and MR product carriers earning upwards of $20,000 a day on some routes - welcome to the topsy-turvey tanker market!
Kuala Lumpur: Malaysia's MISC Bhd returned to profit in 2012 turning in a net gain of $249.86m recovering from a loss of $574.93m the year before. Revenues however fell to…
Oslo: Frontline today reported a $16.6m loss in the fourth quarter, bringing the year loss to $82.8m.
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