Cosco roars back with massive new shipping fund

Splash 247Cosco roars back with massive new shipping fundSplash 247After years in Beijing's bad books, the world's largest shipping conglomerate made its intent clear today to get back on the acquisition path. State-run China Cosco Shipping Group, the merged entity between Cosco and China Shipping, has been through a ...
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Frontline Again Asks DHT to Engage in Talks

In a written response to the board of DHT Holdings, John Fredriksen’s tanker operator Frontline has again requested that the company’s board engage in “good faith negotiations” on the earlier proposed business combination between the parties. Additionally, Frontline asked the board of Bermuda-based DHT Holdings to redeem the poison pill and permit the tanker operator to take its offer
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TORM Reports Profit Dip

As a result of the challenging tanker market, Danish shipping company TORM ended the first quarter of this year with a profit of USD 4.6 million, considerably lower from a profit of USD 30.9 million recorded in the same period a year earlier. In addition, EBITDA for the quarter dropped to USD 44 million from USD
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Navigate Product Tankers in Loss Despite Rates Rebound

Although product tanker rates started to recover in the first quarter of the year, Norway-based Navig8 Product Tankers ended the quarter with a net loss of USD 1.2 million, against a net income of USD 5.7 million seen a year earlier. Despite the result, the company’s revenue for the period increased to USD 38.3 million from USD 22.9 million,
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by @Mar_Ex on Twitter

Chinese Ports Implicated in Illegal Hornbill Trade - An trade hotspot map by the Environmental Investigation Ag... https://t.co/0vFzMzpIrH
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