Oil tanker firm Frontline reported first quarter earnings below expectations on Tuesday and said that unless markets improve, it may need to restructure to repay debt.
Frontline, the tanker arm of shipping tycoon John Fredriksen, said it made a net loss of $12.1 million in the first quarter, trailing expectations for a $4 million loss in a Reuters poll of analysts.
(By Balazs Koranyi)
British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell
Hycamite TCD Technologies, MOLEA, a subsidiary of Mitsui O.S.K. Lines, and MOL PLUS have signed a Memorandum of Understanding…
Schmidt Sciences has named 25 scholars working at the forefront of AI as AI2050 fellows and will award them up to $12 million…
HII announced that Jennifer Childs has been named vice president of quality and engineering of the company’s Ingalls Shipbuilding division…
Hapag-Lloyd reduces emissions & costs through Shipshave’s ITCH solution, confirmed by DNV
Get lower carbon intensity solutions customized for your business needs
For the first time ever, Military Sealift Command is hosting a virtual job fair to reach US Citizens in the Philippines who are interested in a maritime career.
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