Finance
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Post-pandemic tanker rates recovery puts International Seaways back in black
New York-listed owner of 78 tankers reports first profit in five quarters
LNG retrofit ‘improves carbon ratings’, study finds
SEA-LNG study claims $30.3m retrofit cost to use liquefied natural gas as marine fuel is ‘win-win’ for environment
Exmar sells Tango FLNG to Eni
The unit, which is expected to start operations in the second half of next year, will be deployed in a project in the Congo
EuroDry fleet expansion programme boosts earnings
Chief executive Aristides Pittas says rates remain profitable despite a near 40% plunge since late May
Clarksons has record year on global shipping shortages
Broker sees big boost to both top and bottom lines in first half of the year
Improved MR market helps lift Pyxis Tankers
Nasdaq-listed owner acknowledges rising tanker values may make expansion ‘challenging’
CULines plots Hong Kong IPO for fleet expansion
CULines warns that the volatile and cyclical nature of the global container shipping industry may impact its business
Yangzijiang boosted by record ship deliveries
Company faced ‘an extremely challenging environment’ caused by pandemic-induced supply chain disruptions but has delivered a record number of vessels in the first six months of the year, says chairman
Sustainable financing propels MISC’s ESG ambitions
The global focus on environmental, social and governance (ESG) principles has led to the worldwide expansion of sustainability-focused investments
Star Bulk recoups $250m scrubber outlay
Company optimistic about earning prospects despite uncertain macroeconomic outlook, says chief
Singapore sees shipping banks rebound
At its peak, there were about 30 shipping banks operating out of Singapore, industry sources said, while now there are 20 lenders providing banking facilities to support shipping clients
Eagle Bulk chief hails record second-quarter net profit
Increased demand for minor bulk products resulted in higher charter rates and stronger market, and drove record net income
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