Hutchison Ports narrows earnings
Singaporean company sees lower second-quarter profit amid lower revenue, higher expenses.
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Maritime News
Exxon Expects More Oil from Guyana’s Offshore Block
Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated, they said on Monday.Exxon and U.S.-based partner Hess Corp said more than 4 billion…
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Wärtsilä Inks 10-year Maintenance Deal with Virgin Voyages
Cruise line Virgin Voyages has assigned Wärtsilä the responsibility of the maintenance of its three brand new cruise ships due to enter service in 2020, 2021 and 2022.The comprehensive 10-year Optimized Maintenance Agreement, signed on April 30…
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Cosco Shipping Energy sounds profit warning
But annual meeting hears of counter-cyclical response, including seizing golden LNG growth opportunities
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Capesizes to Deliver the Goods in H2
Capesizes, the most volatile sector of the dry market that reaps the most gains and again faces biggest risks when rates spiral down, are headed for another strong period. Namely, Capesize spot rates…
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