Italy's d'Amico bolsters capital ahead of expected recovery

Tanker company d'Amico International Shipping has raised more than EUR 42 million in a new equity issue. The fresh capital will be used to bolster the shipping company's balance ahead of an expected rate recovery with the 2020 sulfur regulations, says CEO Paolo d'Amico.

Avance Gas appoints new CEO

Avance Gas has now found a replacement for Christian Andersen as CEO of the gas shipping company. The new chief executive will join the company in August 2019.

Daewoo bags another order for LNG ship

Shipbuilder Daewoo has won its fourth order for an LNG ship this year. The yard has so far bagged orders for a total of USD 1.3 billion in 2019, reports Yonhap.

Hansson loses court case against former CFO

A court has ruled that Nordic American Tankers must provide a bank guarantee for its former CFO's pension. And the ruling also rejects a claim from the shipping company's CEO Herbjørn Hansson that the former CFO was disloyal, reports Dagens Næringsliv.

Maersk Tankers books deficit in its first full year

Maersk Product Tankers has recorded a large deficit for its first full year as an independent company. Weak rates dragged the operator into the red. The CEO is not satisfied with the result but remains optimistic about the future.

Teekay secures big loan for newbuilds

Teekay Offshore has borrowed over USD 400 million to fund four tanker newbuilds sailing on LNG. Two vessels will be chartered to Equinor in the North Sea.

Stolt-Nielsen is monitoring two decisive situations

A large fire at a petrochemical terminal in the US and the upcoming global sulfur regulations could impact Stolt-Nielsen's businesses. According to the Norwegian shipping company's CEO, customers will have to foot the bill for the new fuel regulations.

Navigator books deficit for 2018

While revenue grew in the fourth quarter and for the year as a whole, 2017's profit turned into a deficit in 2018 for gas carrier Navigator Holdings.

Euronav appoints new CEO

Crude oil carrier Euronav has appointed a new CEO who will take over from Paddy Rodgers in an internal promotion.

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