Finance
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High LNG marine fuel prices block transition pathway
When it comes to choosing between saving money or the environment, shipowners are opting for the fuel that provides the lowest operating cost
Interest wanes in SCI as privatisation drags on and restrictions mount
The privatisation process is back on following ‘modifications’ to the original sell-off process, but bureaucratic hurdles and an increasingly prohibitive list of restrictions on the sale have resulted in waning interest from bidders
Avance Gas says outlook is positive after strong first quarter
Port congestion, Panama Canal delays, increased export volumes and high demand will keep freight rates elevated
Star Bulk has strongest first quarter in over a decade
Dry bulk market ‘still favourable’, says chief executive
Diana rewards shareholders as profits leap
US-listed company beats analysts’ expectations for first quarter of the year earnings
Frontline pitches ‘asset manager’ advantage for Euronav tanker takeover
‘We work more like asset managers optimising the portfolio of multimillion dollar investments, than traditional shipowners,’ says chief executive Lars Barstad
Euroseas launches share buyback as profits soar
Share price does not include amount of contracted revenue, says chief executive
Frontline tanker rates show quarterly gains of 44%-143% on oil volatility
Owner and operator of 72 tankers reports significant quarter-on-quarter gain in chartering earnings as oil market volatility aids demand recovery
BW Epic Kosan positive on LPG trade outlook
Company flags market uncertainty because of Ukraine invasion and Chinese lockdowns impacting demand and logistics
Shipowners will be ‘forced’ to build greener ships
‘The big container lines understand they have got no choice. The major problem will be for the smaller private owners’
MR tanker period charters gain 35% in three months
Russia-led trade disruption that has seen spot rates gain 345% this year is now spilling over to longer-term time charters
CDB Leasing offers $270m for LNG carrier pair
The terms of the vessel purchase agreements will be determined after arm’s-length negotiations with reference to the market price of vessels with similar specifications, CDB says
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