NEWS category – Page 640

Better Tanker Rates Push Sovcomflot to Profit in 4Q

Sovcomflot returned to black in the fourth quarter of 2018, driven by improving tanker rates.

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Navig8 Chemical Tankers’ sale and leaseback deals with ICBC are related to four 37,000 dwt tankers.

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The company expects total gross revenues of USD 60 million from the new charters.

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Panama revoked the registration of a number of Iranian vessels after the restoration of the US sanctions.

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The journey towards Denmark’s first autonomous and green ship starts this March.

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