ShippingWatch

Deficit grows for MOL Nordic Tankers in first year with new owner

MOL Nordic Tankers incurs a loss for the third consecutive year. 2019 was off to a weaker start than expected, and the market recovery was disappointing, management writes. The company has changed its name again.

Photo: PR / MOL Chemical Tankers

MOL Nordic Tankers exits 2019 with a deficit in its first year under its new, Japanese owner.

The company, at the time known as Nordic Tankers, was acquired by MOL Chemical Tankers at the end of January 2019. The shipping company has since then reshuffled its management and sold several vessels to its new owner.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Containers piling up at Port of Felixstowe

Efficiency is dropping at UK container port Felixstowe while containers are piling up, according to Vesselsvalue. Some carriers are now opting to divert their vessels away from the port.

Multipurpose market red-hot but short on capacity

With acute shortages of capacity, bottlenecks and ensuing delays have continued to affect the multi-purpose sector, where containers are lucrative goods. The rates are currently record high, according to an analysis from Toepfer Transport.

Further reading

Related articles

Trial banner

Latest news

See all jobs