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Boost for Scorpio Bulkers in the first quarter

Bulk:

Bulk carrier Scorpio Bulkers' earnings more than tripled in the first quarter, but the carrier is still sailing with losses on the bottom line. The carrier has made a USD 17 million impairment on ship values.


BY LOUISE VOGDRUP-SCHMIDT
Published 20.04.17 at 15:38

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Most read Bulk

It has been a bit more fun to be a dry bulk carrier in 2017

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Rates have generally been higher in 2017, a year projected by many to be a year of beginning recovery – but a decline since the boom in the spring has curbed the budding optimism. And this could be a good thing, says J.P. Morgan.

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Bulk:

The charges against Greek bulk carrier Dryships and its management are unfounded, stresses Dryships in a statement. The carrier is preparing for a showdown while at the same time announcing a new reverse stock split.

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Bulk:

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Dryships is being sued in New York

Bulk:

A group of investors is suing Greek dry bulk carrier Dryships at a court in New York. Investors feel cheated in relation to a transaction last year. Two weeks ago, a similar lawsuit was filed in the Marshall Islands.

Police raid Stellar Daisy carrier in wreck investigation

Bulk:

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Noble Group is fighting hard to survive

Bulk:

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Current front page

Port of Gothenburg labor conflict required constant communication

magnuskårestedt.jpg Ports:

CEO of the Port of Gothenburg, Magnus Kårestedt, has spent much of his time in the last 18 months handling the port's labor conflict between APM Terminals and the dockworkers. "Many don't understand the core of the conflict," he says in the latest article in ShippingWatch's series on communication.

It has been a bit more fun to be a dry bulk carrier in 2017

Bulk:

Rates have generally been higher in 2017, a year projected by many to be a year of beginning recovery – but a decline since the boom in the spring has curbed the budding optimism. And this could be a good thing, says J.P. Morgan.

Svitzer awarded 15-year contract in Bangladesh

Carriers:

Maersk's towage unit has won a contract to service the first floating LNG terminal in Bangladesh. The contract supports the company's ambitions to grow in the oil and gas sector.

BP weighs divestment of oil fields in the North Sea

Offshore:

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Keppel Marine & Offshore suffers half-year deficit

Suppliers:

Keppel's marine business, which covers several yards specializing in offshore, suffered a deficit in the first six months of the year, compared to a profit of USD 177 million in the same period last year. The offshore sector drags the business down.

Port of Rotterdam wants more state support

Ports:

Rotterdam's port booked a positive first half of the year with rising freight volumes. But if this development is to continue, the Dutch state must show more support, like in neighboring countries such as Germany, the port urges.

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