The demolition market has remained on a downward path this week, with recyclers offers declining and ship owners refraining from more deals. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the mood in the market slipped furthe…
Ship Recycling Market on Further Downward Slump Read More »
Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers (“VLGCs”), yesterday reported its financial results for the three months ended June 30, 2019. Highlights for the First Quarter Fiscal Year 2020 • Revenues of $6…
Dorian LPG: “Older VLGC Tonnage to Exit the Market, On High Cost of Retrofitting” Read More »
Known as the “humble heroes” of globalization, containers are handled in hundreds of millions at container ports worldwide annually. Efficient and well-connected container ports enabled by frequent and regular shipping services are key to minimizing tr…
Container ports: the fastest, the busiest, and the best connected Read More »
Lower container volumes to Hawaii and China pushed the company to rethink its second-half forecast
Matson cuts second-half outlook amid earnings miss Read More »
Matson reported net income of $18.4 million, or $0.43 per diluted share, for the quarter ended June 30, 2019. Net income for the quarter ended June 30, 2018 was $32.6 million, or $0.76 per diluted share. Consolidated revenue for the second quarter…
Matson Announces Q2 2019 Results; Lowers FY2019 Outlook Read More »