DHT reports expected quarterly loss on VLCC pain
New York-listed owner highlights improving market with majority of third quarter bookings at more robust rates.
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“Your nation needs you … now more than ever in our history”
The words of General Darren McDew rang true to Massachusetts Maritime Academy’s nearly 400 graduates on a beautiful, albeit rain soaked, Saturday this past June.General McDew, who received an honorary doctorate at the 2018 Commencement, leads the Unite…
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Commerzbank runoff finds new shipping low
March out of maritime sector has made for much improved results at German lender.
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Gulfmark Must Choose: Size or Specialty
Coming hot off the heels of July’s announcement of a merger deal between offshore services firms Tidewater and Gulfmark, rival Harvey Gulf offered its $836 million fleet in a competing deal to merge with Gulfmark.Now Gulfmark is left to weigh its optio…
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Venezuela Dodges Oil Asset Seizures with Export Transfers at Sea
Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to avoid asset seizures.But the OPEC member nation…
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