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Baltic Index surges

Aug 10 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, notched its biggest one-day percentage gain in five months on Thursday, buoyed by soaring demand for larger vess...

11/08/2017 Read

SBM Offshore: Industry witnessing recovery

Dutch FPSO specialist SBM Offshore has raised the expected revenue forecast for the full year 2017 on the back of the gradual recovery seen in the oil and gas industry. “As expected, the industry is witnessing a gradual recovery. Although si...

10/08/2017 Read

OSG earns less amid weakening spot markets

NYSE-listed Overseas Shipholding Group (OSG) has delivered lower earnings in the second quarter of 2017 mainly due to weakening spot markets. The company’s net income was at USD 3.2 million for the quarter ended June 30, 2017, compared...

10/08/2017 Read

2017 Hurricane Season could be most active since 2010

The National Oceanic and Atmospheric Administration has issued a scheduled update to its 2017 hurricane season outlook, with forecasters now predicting a higher likelihood of an above-average season with up to 19 named storms and 5 major hurricanes.&...

10/08/2017 Read

Report: Zeaborn buys heavy lift quintet from Rickmers Holding

Bremen-based shipping company Zeaborn Group has decided to buy five heavy lift vessels from Rickmers Holding, according to reports by several German media. The ships in question are Rickmers Singapore, Rickmers Jakarta, Rickmers New Orleans,...

09/08/2017 Read

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