A strong fourth quarter was not enough to pull Navigator in the black for 2020
Gas carrier Navigator Holdings, which holds the world's biggest fleet of handysizes, booked its third consecutive quarterly profit in the fourth quarter, and yet the company's full year result ended in a deficit of USD 0.4 million. BW Group bought a 39 percent stake in the carrier in December.
DFDS outdoes analyst predictions in the first quarter. The Danish ferry and logistics company made it through Brexit in better form than expected, according to CEO Torben Carlsen, while the integration of a logistics acquisition has been pushed back.
While an increasing number of carriers opt to include LNG vessels in their fleets, one of the world's largest shippers, Ikea, makes it clear that the liquefied natural gas is not the way to go for shipping companies to deacrbonize.
Maersk expects to be able to achieve a 12 percent return on invested capital ahead to 2025, says CEO Søren Skou during the shipping group's capital markets days Tuesday. This target is significantly higher than previously stated targets.
Tanker company Diamond S Shipping saw a weak tanker market affect its result in the first quarter, which ended in a large loss. The carrier expects to finally merge with International Seaways later this year.