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Dryships delisted by founder

Greek Dryships Founder and CEO George Economou has bought the remaining shares of the company, taking the company off the New York Stock Exchange.

Flex LNG executive following new loss: "A cold shower"

The first half of 2019 was a cold shower for most of the LNG market, says Flex LNG's chief executive in connection with the gas carrier's presentation of yet another deficit. However, he believes improvement might be just around the corner.

Nordic American Tankers reduces loss in second quarter

Nordic American Tankers' red figures on the bottom line diminished in the second quarter of 2019 compared to the year prior, shows the company's most recent interim report. Nordic American Tankers experienced significantly higher rates in 2019.

Torm embarks on tough third quarter

Product tanker rates remain low in the second half of the year, and if this trend continues, Torm will end up booking a deficit for the third quarter. CEO Jacob Meldgaard is positive, however, about the remainder of the year, in which several factors are expected to boost the sector.

Torm books profit in second quarter

While several competitors finished the second quarter with deficits, Torm is able to report a positive bottom line. The tanker company has just entered leaseback agreements for six vessels.

Norden downgrades expectations for dry bulk

Dry bulk and product tanker ship operator Norden now downgrades the guidance for its dry bulk operator business. But stronger developments in tanker mean that the shipping company maintains its full-year expectations.

Dorian expects soaring growth in LPG exports from the US

LPG rates have increased significantly in the past year, and the same applies to exports out of the US. This makes gas ship operator Dorian project a surge in US exports, which surpass the volumes coming out of the Middle East.

Euronav books large second quarter deficit

Belgium's Euronav reports a double-digit million-dollar deficit for the second quarter. According to the shipping company, the upcoming sulfur regulations in particular factor in. But the tanker shipping company remains confident that a recovery will emerge toward the end of the year.

DHT Holdings back in the red in second quarter

Bermuda-based DHT Holdings was not able to maintain its positive bottom line for long. After two profitable quarters, the company is back in the red. The deficit is smaller than at the same time last year, however.

Torm VP leaves the company for competitor

Tanker company Torm's vice president of sales and purchases has left the company, Torm confirms to ShippingWatch. The VP allegedly left for a competing tanker company.

Swedish Club doubles premium for vessels in the Persian Gulf

The ongoing conflict in the Strait of Hormuz has made The Swedish Club double its premium for sailing and docking in the area near the Persian Gulf. However, it is not the general trend that insurance premiums are raised due to tensions in the region.

Ardmore continues to lose money

The deficit grew at Ardmore Shipping in the second quarter, when rates were allegedly kept down by refineries undergoing preparations for the IMO sulfur cap. The product tanker shipping company expects significant improvements going forward.

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