Maritime companies have generally failed to gain respect from investors. With a few exceptions, share prices are below the net asset values - a proxy for the liquidation value if…
Navig8 Chemical Tankers Inc. has entered into a sale and leaseback agreement with China’s ICBC Financial Leasing for four 37,000-dwt product tankers.
The chemical tanker market is anticipated to “finally” see business conditions improve this year with continued strengthening in 2020, according to a forecast by Stolt-Nielsen.
China’s Ningbo Xinle Shipbuilding Group announced that the company has signed a contract with M.E.Marittima Emiliana SPA to build two 4,500 dwt chemical tankers.
Though Greek owners continue to rule the global roost when fleet size and asset value, due to the unstable market conditions and new regulatory requirements, for the first time in…
Zhejiang Satellite Petrochemical ordered six VLECs at Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI).