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Maersk Tankers books huge impairment on vessels

The Maersk Group's product tanker carrier, Maersk Tankers, lost more than USD 483 million in the second quarter, a deficit that pulls the group into the red. Port unit APM Terminals also booked impairments related to several ports.

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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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