Market News Archive

  •  STAMFORD, Conn., Jan. 30, 2017 — Dorian LPG Ltd. (NYSE: LPG) (the “Company” or “Dorian LPG”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today reported its financial results for the three months ended December 31, 2016. Highlights for […]

    Dorian LPG Ltd. Announces Third Quarter Fiscal Year 2017 Financial Results

    Company News
     STAMFORD, Conn., Jan. 30, 2017 — Dorian LPG Ltd. (NYSE: LPG) (the “Company” or “Dorian LPG”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today reported its financial results for the three months ended December 31, 2016. Highlights for […]

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  •  Jan 5, 2017 – Euronav announced the sale and subsequent lease of four VLCC tankers in its fleet. The Very Large Crude Carrier were sold to corporate vehicles of the US Wafra Capital Partners Inc., a private equity company which […]

    Euronav secure a sale and leaseback agreement for four VLCC ships

    Company News
     Jan 5, 2017 – Euronav announced the sale and subsequent lease of four VLCC tankers in its fleet. The Very Large Crude Carrier were sold to corporate vehicles of the US Wafra Capital Partners Inc., a private equity company which […]

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  • LONDON, Jan. 6, 2017 — S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, offers an overview of the key trends and themes to watch for in 2017. Below is focused on […]

    S&P Global Platts: Oil and Gas Outlook 2017

    Market News
    LONDON, Jan. 6, 2017 — S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, offers an overview of the key trends and themes to watch for in 2017. Below is focused on […]

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  •   Jan, 3rd, 2017 – The South Korean shipping company Hyundai Merchant Marine (HMM), who recently signed a cooperation agreement with Maersk Line and MSC, the first two of the world’s leading companies in the container shipping sector, which could […]

    Hyundai Merchant Marine will form the HMM + K2 consortium with fellow HA-Line and Sinokor

    Company News
      Jan, 3rd, 2017 – The South Korean shipping company Hyundai Merchant Marine (HMM), who recently signed a cooperation agreement with Maersk Line and MSC, the first two of the world’s leading companies in the container shipping sector, which could […]

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  •  TRIESTE, Italy, Dec. 19, 2016 — IBM  today announced that Fincantieri, one of the world’s largest shipbuilding groups and number one by diversification and innovation is adopting a hybrid cloud solution from IBM to improve the efficiency of designing, building and deploying […]

    Fincantieri Selects IBM Cloud to Meet Demand for more Efficient Shipbuilding

    Market News
     TRIESTE, Italy, Dec. 19, 2016 — IBM  today announced that Fincantieri, one of the world’s largest shipbuilding groups and number one by diversification and innovation is adopting a hybrid cloud solution from IBM to improve the efficiency of designing, building and deploying […]

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  •  ATHENS, Greece, Dec. 15, 2016 — Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the period ended September 30, 2016. Highlights for the Third Quarter and Nine Months Ended September […]

    Danaos Corporation Reports Third Quarter and Nine Months Results

    Market News
     ATHENS, Greece, Dec. 15, 2016 — Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the period ended September 30, 2016. Highlights for the Third Quarter and Nine Months Ended September […]

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  •  Last month the Chinese ports handled a total of 1.0 billion tonnes of cargo, an increase of + 6.6% about October 2015. The only sea ports have totaled a traffic of 681.2 million tonnes (+7 , 0%) while domestic ports […]

    Last month traffic of goods handled by Chinese ports grew by + 7.0%

    Market News
     Last month the Chinese ports handled a total of 1.0 billion tonnes of cargo, an increase of + 6.6% about October 2015. The only sea ports have totaled a traffic of 681.2 million tonnes (+7 , 0%) while domestic ports […]

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  •  Nov. 16, 2016 –  South Korea’s Hyundai Heavy Industries (HHI), the world’s largest shipbuilding group, today announced the decision to split the company into six autonomous divisions in order to maintain its competitiveness and its financial strength. The plan, which […]

    Hyundai Heavy Industries will be split into six autonomous divisions

    Market News
     Nov. 16, 2016 –  South Korea’s Hyundai Heavy Industries (HHI), the world’s largest shipbuilding group, today announced the decision to split the company into six autonomous divisions in order to maintain its competitiveness and its financial strength. The plan, which […]

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  •  NEW YORK, Nov. 14, 2016 — Gener8 Maritime, Inc. (NYSE: GNRT) (“Gener8 Maritime” or the “Company”), a leading U.S.-based provider of international seaborne crude oil transportation services, today announced its financial results for the three and nine months ended September 30, 2016. […]

    Gener8 Maritime, Inc. Announces Third Quarter 2016 Financial Results

    Company News
     NEW YORK, Nov. 14, 2016 — Gener8 Maritime, Inc. (NYSE: GNRT) (“Gener8 Maritime” or the “Company”), a leading U.S.-based provider of international seaborne crude oil transportation services, today announced its financial results for the three and nine months ended September 30, 2016. […]

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  •  NEW YORK, Nov. 16, 2016 — Aegean Marine Petroleum Network Inc. (NYSE: ANW) (“Aegean” or the “Company”) today announced financial and operating results for the third quarter ended September 30, 2016. Third Quarter Financial Highlights Compared to prior year period: Increased sales […]

    Aegean Marine Petroleum Network Inc. Announces Third Quarter 2016 Financial Results

    Company News
     NEW YORK, Nov. 16, 2016 — Aegean Marine Petroleum Network Inc. (NYSE: ANW) (“Aegean” or the “Company”) today announced financial and operating results for the third quarter ended September 30, 2016. Third Quarter Financial Highlights Compared to prior year period: Increased sales […]

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