Nordic American Offshore bleeds another $10.1m
Herbjorn Hansson’s offshoot company does not pay a quarterly dividend and cites higher-than-expected costs in bringing vessels out of layup.
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Maritime News
Great Eastern Shipping buys secondhand VLGC
Indian shipowner to take delivery of MHI-built vessel in second quarter of fiscal year.
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Tanker Market Faces Further Headwinds As Trade War is in Full Swing
A shift of tectonic proportions could be underway in crude and LNG trading, bringing equally big shifts in ton-mile demand for tankers. In its latest weekly report, Allied Shipbroking said that “with the “Trade war” tensions between the US and China st…
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Iran Sanctions to Affect Dry Bulk Ton Miles
US allies in the EU who had previously voiced concerns about US withdrawal from the Iran nuclear deal have reiterated that the deal is crucial for security and have stepped forward with plans to insulate EU firms from US sanctions. EU’s foreign policy …
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The Rise And Fall Of West African Crude
West African crude supply has faced recent pressure due to aging oil fields in both Nigeria and Angola as well as pipeline constraints in the former; however, pressure is likely to be relieved in the second half of 2018 and moving into 2019. According …
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