As product tankers' half-year reports trickle in, the industry's accumulated deficit over the last six months is in steep incline. Now, Italy's d'Amico International Shipping reports a deficit at USD 20.2 million for the first half of 2018 against a deficit at USD 6.2 million in the same period last year.
Like its competitors, the tanker shipping company was hit by declining rates during the first six months of the year. Whereas TCE spot rates in the first half of 2017 averaged USD 12,492, the rates have decreased by almost USD 1,000 to USD 11,526 in the first half of 2018.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.