Double Hull Tankers Gains 8 Percent

Wednesday, November 23, 2005
Boosted by bullish analyst comments, shares of Double Hull Tankers climbed 8 percent to regain the ground lost in the weeks following the company's spinoff from Overseas Shipholding Group Inc., according to a Forbes report. The oil tanker company owns seven vessels, including three very large crude oil carriers and four Aframaxes - all of which are chartered from five to six and a half years to former parent Overseas Shipholding. The contracts will insulate Double Hull from the increase in tanker capacity expected to hit the market prior to the mandatory phase-out of single-hull tankers in 2010, according to the report. The company, between dividends and stock value, is expected to provide a 39 percent total annual return in its first year. Source: Forbes
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Singapore MPA Wants LNG Bunkering Options

Singapore's Maritime Port Authority is seeking proposals on liquefied natural gas bunker supplies as it shifts away from fossil fuels towards gas while trying to

China's Navy Drills in South China Sea

China said it conducted air and sea drills in the South China Sea on Tuesday as it stakes an increasingly assertive claim to virtually the whole sea despite rival claims by neighbours.

NewLead Holdings Announces Commercial Competency of MT Sofia

NewLead Holdings Ltd.announced today a review of the commercial competency of one of its bitumen tanker vessels, the MT Sofia since the vessel was delivered to NewLead's fleet.

News

Mersey Maritime, Liverpool Football Club at LISW15

Mersey Maritime, in association with some of its key members, is hosting what will be one of the most exciting events at London International Shipping Week (LISW15)

ABB hands over Germany’s DolWin1

DolWin1 integrates 800 megawatts (MW) of clean energy into the German transmission grid ABB, the leading power and automation technology group, has successfully

CMMI’s Maritime Potpourri Focuses on Raising the Bar

The growing popularity of “Maritime Potpourri” Conference organized by the Company of Master Mariners of India (CMMI) was evident yet again on 25th July, 2015

 
 
Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1442 sec (7 req/sec)