Accordin to a report from AFP, South Korea's second biggest shipbuilder Daewoo Shipbuilding and Marine Engineering said net profit for the three months ended March 31 soared to $222m.
The Maritime Industry's original and most viewed E-News Service
International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed but that would depend on global economic growth.
Asked if oil prices had reached a bottom,
* Earnings of $1.8 billion decreased 63 percent from the first quarter of 2015.
* Earnings per share were $0.43 assuming dilution.
The African economy has become one of the most promising global growth markets. Shipping is taking care of the largest part of international trade and in Africa