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SCF back in black

Sovcomflot (SCF Group) has its gas carriers to thank for a return to profit in the first half, as tanker markets struggled.

News - 44 minutes old

Radiance raises funds

Singapore-listed Pacific Radiance has issued $100m-worth of 4.3% fixed-rate notes for future investments.

News - 1 hours old

Minoan cuts loss

Greece-based Minoan Lines has seen less red ink in its first half-bottom line.

News - 1 hours old

VLCC clear-out continues

Shipowner John Fredriksen continues to clear out 1990s built VLCCs and has concluded a preliminary deal to sell a 1998 unit for a firm price to a conversion buyer.

News - 1 hours old

Flex loss falls

Oslo-listed Flex LNG has cut its first-half loss as it continues to seek charterers for its new LNG ships.

News - 2 hours old

Global turns profit

Malaysia’s Global Carriers has posted a profitable second quarter result thanks to an investment disposal during its debt restructuring.

News - 2 hours old

Billion-dollar buyback begins

Danish shipping and oil giant AP Moller-Maersk is preparing to launch the first phase of a share buy-back that will eventually see up to $1bn of its capital cancelled.

News - 3 hours old

Asian tanker hijacked

Armed pirates hijacked a Thai tanker off Malaysia's east coast and pumped out its cargo of oil yesterday, a maritime watchdog said.

News - 3 hours old

Brazilian breakthrough

Norway’s Havyard has won its first ever contract in Brazil for the design of four anchor-handlers to be built and operated by Grupo CBO.

News - 3 hours old

Torm wins more time

Danish tanker owner Torm has bought more time to come up with a new capital structure in a deal with its banks.

News - 4 hours old