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Tanker

BW LPG reduced its deficit

The LPG carrier finished the third quarter with a stronger result than in the same period last year, though the Oslo-listed gas carrier still suffered a deficit. Rising rates in the fourth quarter bode well for the market.

Torm and Ardmore: Oil peak will arrive late

The demand for oil will undoubtedly peak. The question is when and who will feel it first. ShippingWatch has interviewed the CEOs of Torm and Ardmore about the situation for product tanker carriers.

Frontline hit by weakest tanker market in four years

Over the third quarter, John Fredriksen's tanker carrier Frontline rejected unreasonable offers from customers, especially for the large VLCCs, which had a negative impact on the result, says CEO Robert Hvide Macleod.

Nordic Shipholding lowers guidance again

Nordic Shipholding has decided to downgrade its expectations for 2017 once again. The company now expects a slightly bigger deficit than before, says the carrier in its interim report.

Hafnia Tankers books another deficit in tough market

Denmark based product tanker carrier Hafnia Tankers booked red figures on the bottom line in the third quarter, much like many of its competitors. The carrier has now lost USD five million in the first nine months of 2017, but believes that better times lie ahead.

Höegh LNG weighed down by non-recurring items

Norway's Höegh LNG suffered a setback in the third quarter of the year, which resulted in a USD 1.1 million profit. Disregarding non-recurring items, the quarter was satisfactory, says CEO.

Team Tankers' deficit grew in Q3

Chemical tanker carrier Team Tankers saw its loss grow big-time in the third quarter this year. "Market conditions in the chemical tanker sector remain challenging," says CEO Hans Feringa.

Torm files for listing on Nasdaq in New York

Carrier Torm files for listing on the US Nasdaq exchange in New York and expects that the listing will be settled before the end of this year. Executive Director Jacob Meldgaard eyes a "real recovery", he tells ShippingWatch.

Torm books minor deficit in the third quarter

Tanker carrier Torm went red in the third quarter this year. However, factors such as Hurricane Harvey and limitations at refineries in Mexico lifted the result up, says Executive Director Jacob Meldgaard.

Tanker carrier DHT beat expectations

Oslo-based DHT Holdings, which operates a fleet of 30 supertankers, seems to have achieved a significantly better result in a weak period for the tanker market.

Canada's Teekay Tankers projects better rates in 2018

Teekay Tankers reports weak tanker rates in the spot market in the third quarter, a fact which was reflected on the bottom line. Since then, rate levels have shown "a significant uptick" in the fourth quarter, says CEO.

Odfjell books third quarter deficit

Odfjell SE noted a weaker spot market for chemical tanker in the third quarter, where the company's terminals also came under pressure due to lower income from oil products. But the company is well-positioned for when the market recovers, says CEO Kristian Mørch.

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