Stolt-Nielsen continues to battle with low tanker rates

The low rates on chemical tankers continue to plague Stolt-Nielsen. The bottom line in the first quarter of 2017 was halved relative to the same period in 2016. The decline comes at a point where the carrier is considering spinning off from Stolt Tankers.

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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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