Built Chemical Tankers News

he Company reported a net loss of $664,000 for the three months ended June 30, 2014. For the comparable three months ended June 30, 2013, the Company reported net income of $1.9 million, which included a non-cash operating gain of $1.8 million. Mr. Niels M. Johnsen, Chairman and Chief Executive Officer, stated, “During the second quarter, our financial and strategic flexibility enabled us to make equity investments in joint ventures owning two new built chemical tankers and two asphalt tankers. Also during the quarter, we were able to secure a multi-year contract for our belt self-unloading coal carrier on the Atlantic coast through the 1st quarter of 2017…

Tuofo Shipping Management Limited will implement the Hull Inspection, Maintenance & Repair and Energy & Environmental modules on two of their newly built tankers. Without a current system in place, the Fujian-based company was looking for a proven solution for fleet management. Sloman Neptun, a tanker company based in Breman, Germany will utilize the Hull Inspection and Maintenance & Repair modules on three of their newly built chemical tankers and will also install the Drawings Management module in their central office location.