Topaz' West Africa venture hit bottom line

Dubai-based offshore carrier Topaz Energy and Marine left the second quarter and first half of the year with a deficit. Result weighed down by West Africa.

BY OLE ANDERSEN

Offshore carrier Topaz Energy and Marine is - like the supply vessel industry overall - hit by the low activity in the oil industry. The Dubai-based carrier suffered a second quarter net deficit of USD 4.1 million and combined deficit of USD 3.1 million for the first six months of the year.

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Topaz' West Africa venture hit bottom line

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Related articles:

Topaz ready for expansion drive in toxic offshore market

Topaz: The oil market is a bloodbath

New vessels boosted Topaz' result in 2014

Sign up for our newsletter

Front page now

Navigare Capital cashes in from sale of several ships

Professionals: Shipping has a bad image and struggles to attract women

Lidl's shipping company makes changes to get more customers in store

Shanghai to set up first pan-Pacific green corridor with Los Angeles

Russia exempts gasoils, bunker fuel from export ban

Danish shipping company tops list of offshore wind turbine installations

Ukraine's grain exports halves in one year

Less freight risks mass layoffs at major UK port

Star Bulk buys back own shares from Oaktree Capital

Russia's new ban could send more countries on a frantic hunt for diesel

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Further reading

Lidl's shipping company makes changes to get more customers in store

Dubai challenges Singapore as shipping's favorite city

Shanghai to set up first pan-Pacific green corridor with Los Angeles

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Hapag-Lloyd rolls out Starlink internet to entire fleet

Jobs