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Seaspan hit with massive deficit in 2016

Seaspan, which leases vessels to the container sector, was hit hard by the dire market conditions in 2016, as the bottom line tumbled into the red and revenue increased slightly due to a bigger fleet.

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Norwegian shipping investor debuts in dry bulk

Founder of rig company Borr Drilling, Tor Olav Trøim, is now targeting dry bulk with the company 2020 Bulkers. The plan is to list the company on the minor OTC stock exchange, reports local media Finansavisen.

Wärtsilä's Chinese venture pays off

Finland's Wärtsilä is betting on the Chinese market and has now won a contract to supply 16 engines to four new LNG vessels, states the company, adding that this order confirms growth in the country.

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