D'Amico International Shipping reports smaller loss


Just like many of its competitors, Italian product tanker carrier d'Amico International Shipping reports a red bottom line for the third quarter. The deficit is smaller than lit was at the same time last year, however.

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Ship sales pull Diamond S Shipping into the red

Tanker shipping company Diamond S Shipping saw its deficit grow in the third quarter on losses related to ship sales. But the tanker rates have stabilized at a very high level, says optimistic CEO.

Big terminal owner accused of obscuring IMO 2020 effects

Terminal owner Macquarie Infrastructure Corp. faces litigation from shareholders claiming the group has masked the consequences of declining demand for high-sulfur fuel oil. The company denies the charges, calling the matter a classic case of "fraud by hindsight".

Hapag-Lloyd appoints new CFO

German container shipping line Hapag-Lloyd has appointed a new CFO, who will take over the position from March 1, 2020, replacing the company's current chief financial officer.

Maersk Drilling wins contract

A Shell subsidiary has hired rig Maersk Developer for two well development projects. The contract is valued at USD 39 million.

Søren Toft could be headed to European competitor

Maersk's now former COO Søren Toft confirms to ShippingWatch that he has landed a new position as CEO. It may well be with one of the major shipping company's European competitors. ShippingWatch reviews the most obvious possibilities.

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