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Cosco booked huge loss in 2016

Chinese container carrier China Cosco Shipping Holdings booked a billion dollar loss on the bottom line in 2016. The carrier expects better conditions for container carriers this year than last year, writes Reuters.

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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.

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