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D’Amico cites lingering concerns about oil demand recovery

The company’s chief executive tells Lloyd’s List that it can manage through what may be a delayed recovery in the product tanker market

Tankers and Gas International

Falling passenger traffic hits Finnlines’ revenues

Demand still remains constrained by the effects of the pandemic. But Grimaldi’s Baltic specialist is pushing ahead with fleet renewal plans

Europe Finland

Norden raises profit guidance on booming dry bulk market

Company chief tells Lloyd’s List that it is well placed to benefit from the dry bulk demand surge and as a result has raised its full-year profits guidance

Dry Bulk International

Safe Bulkers posts strong profit as fleet renewal continues

Bulker owner’s strong first quarter of the year result receives a boost from $7.6m in compensation from charterer for early termination of capesize

Star Bulkers Dry Bulk

Euronav suffers $71m loss as pandemic weighs on freight rates

The owner and operator of 47 very large crude carriers and 28 suezmax tankers also raises the crewing crisis and says the deployment of elderly tankers to illicit trades is curbing scrapping

Euronav Tankers and Gas

Cheniere Energy boosted by ‘strong’ global LNG demand

The company says it exported a record of 133 cargoes of liquefied natural gas in first three months, ‘with production incentivised by strong global LNG margins during the quarter’

United States US States

Maersk’s integration strategy begins to pay off

Maersk bet the farm on selling off non-core assets and focusing on container logistics. The gamble appears to have worked, with the company’s ocean customers voting with their wallets by taking up its logistics services

Europe Denmark

Tanker rates recovery elusive as owners struggle in first-quarter

‘Demand [for crude] is partly being satisfied by drawing down on inventories, resulting in reduced demand for transportation,’ DHT said.

International DHT

Maersk posts record first-quarter earnings

An exceptional market situation continues to drive demand and freight rates during a period of bottlenecks and shortages. The disruptions are set to continue into the fourth quarter

Europe Denmark

Dry bulk freight futures soar as trading volumes hit 13-year high

Volatility on the back of rising commodities prices sees nearly 816m tonnes of freight traded in first four months of the year

International Asia Pacific

Biden’s recovery plan in first 100 days will benefit shipping

There is no doubt that the US economy is rebounding due to Mr Biden’s efforts, which have largely resulted in more money being spent on services and consumer goods that benefit shipping

United States US States

Castor Maritime extends fleet to continue diversification push

The purchase en bloc of five tankers came days after Castor agreed to acquire a 2011 China-built panamax dry bulk carrier from an unaffiliated third party

Cyprus United States