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Finance
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Hafnia Tankers swings into loss
Product tanker owner envisages an improved market going forward
Intra-Asia carrier SITC posts 20% rise in net profit to $85m
Volume has substantially improved but freight rate has declined slightly during the first half
Team Tankers remains in the red on market weakness
Tanker operator saw general weakness across all market segments
Seadrill amends loan facilities in preparation for likely Chapter 11 filing
Change strikes off subsidiary Seadrill Partners and its consolidated units as being listed as a borrower or guarantor of the respective loan facilities
China Merchants Port issues $150m loan to develop Djibouti facilities
Loan with one-year maturity will be made to Djibouti Asset Company
Ernst Russ moves in for kill on Marenave
Aggressive move will complicate restructuring plans at liquidated KG house
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