DH Tankers Earnings Rise

Thursday, August 30, 2007
Double Hull Tankers Inc., which owns and operates a fleet of crude oil tankers, said Wednesday its second-quarter earnings rose 11 percent on strong charter rates and continued demand for its vessels. The company earned $7.4m, or 25 cents per share, compared with $6.7m, or 22 cents per share in the second quarter of 2006. Shipping revenues - or revenue less voyage expenses, a performance indicator for shipping companies - increased 7 percent to $20.7 million, from $19.4 million in the year-ago period. Analysts were expecting a profit of 26 cents per share on revenue of $20.5 million. The company attributed its gains to the continued strength of tanker charter rates and tanker demand in China. Source: AP

Ports

Delaware River Ship Arrivals Continue Gains in 2016

Maritime Exchange for the Delaware River and Bay President Dennis Rochford has announced the tristate port vessel arrival statistics for the first six months of 2016.

Extreme Boat Lifts Installed in the Panama Canal

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Fednav Welcomes Innovative Ballast System at Indiana Port

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Finance

Canada May Ask Far-offshore Drillers to Pay Extra

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European Owners Lead in Buying Up Secondhand Tonnage

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Monjasa Bags Credit Facility from Société Générale

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