German container shipping company Hapag-Lloyd has raised its earnings forecast amid better than expected business performance.
For the 2020 financial year, earnings before interest, taxes, depreciation and amortisation...
Bermuda-based dry bulk shipping company Golden Ocean has signed a loan agreement to fully refinance the $425 million credit facility which is secured by fourteen Capesize vessels.
Signed this month, the new $304 million...
Danish container shipping major A.P. Moller – Maersk managed to grow earnings and cash flow in the third quarter of this year, despite the negative effect of the COVID-19 pandemic on global economies.
Profit for the...
German container shipping major Hapag-Lloyd reported strong earnings in the first nine months of this year, benefitting from volume recovery in the third quarter combined with stable freight rates and low bunker prices....
Belgium’s tanker shipping company Euronav has decided to bring forward dry dockings in order to counter the challenging freight rate market in the short term.
As informed, a total of nine vessels are planned to enter a...
US-based drybulk shipowner Genco Shipping & Trading Limited is moving forward with its fleet renewal programme as it agreed the sale of three Supramax vessels.
As disclosed, the company will sell the 2007-built Genco...
Saudi Arabia’s Bahri, the world’s largest owner and operator of very large crude carriers (VLCCs), closed the third quarter of this year with a 114% rise in its net profit that was attributed to the improvement in...
Danish shipowner Maersk expects to take a restructuring charge of around $ 100 million in the third quarter of 2020 related to the redundancies of around 2,000 employees.
The redundancies are part of the internal...
During the second quarter of this year, French container shipping major CMA CGM improved profitability in all its business activities despite challenges related to COVID-19.
The company posted a net income of $136...
Due to challenges caused by the COVID-19 pandemic, Hong Kong-based port operator COSCO Shipping Ports suffered decreases in both throughput and earnings in the six-month period ended 30 June 2020.
Total throughput...