Stolt Tankers Reports $2.5m Loss

Tuesday, April 07, 2009

According to an April 6 report from Emirates Business 24/7, chemical tanker specialist Stolt Tankers reported an operating loss of $2.5m for the first quarter this year versus operating profit of $27.5m for the previous quarter. Its Oslo-listed parent Stolt Nielsen attributed the loss to lower volumes and a decline in spot market rates.

(Source: Emirates Business 24/7)


Finance

China COSCO Falls to H1 Net Loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

Cosco Eyes Spanish port of Algeciras

Algeciras Bay Port Authority in southern Spain has put up a tender for its third container terminal, and China's Cosco Shipping Ports is already being mentioned as a fore runner candidate,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Salvage Ship Repair 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: 0.0560 sec (18 req/sec)