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Finance

Keep informed with daily analysis and insight into shipping’s relationship with financial markets including company results, credit reports and investment decisions

Post-pandemic tanker rates recovery puts International Seaways back in black

New York-listed owner of 78 tankers reports first profit in five quarters

International Tankers and Gas

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

International Tankers and Gas

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

Specialty Tankers and Gas

EuroDry fleet expansion programme boosts earnings

Chief executive Aristides Pittas says rates remain profitable despite a near 40% plunge since late May

Dry Bulk International

Clarksons has record year on global shipping shortages

Broker sees big boost to both top and bottom lines in first half of the year

International Containers

Improved MR market helps lift Pyxis Tankers

Nasdaq-listed owner acknowledges rising tanker values may make expansion ‘challenging’

Europe Greece

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

China Containers

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

Asia Pacific Containers

Star Bulk recoups $250m scrubber outlay

Company optimistic about earning prospects despite uncertain macroeconomic outlook, says chief

Star Bulk Dry Bulk

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

Asia Pacific Singapore

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

Dry Bulk Finance
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