International Seaways, which completed its large-scale merger with tanker company Diamond S Shipping in July, is optimistic about the prospects for the hard-pressed market after a significant decline in the second quarter.
The company, now the largest tanker carrier listed on the New York Stock Exchange, went into the red with a net deficit of USD 18.7 million in the second quarter against a profit of USD 64.3 million in the same quarter last year.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
APM Terminals and Chinese ZPMC enters strategic alliance on maritime automation
APM Terminals has entered a collaboration with ZPMC, which will develop and supply a strategically important automation of APM Terminals' equipment worldwide. The alliance will ensure a long-term collaboration on the development of cranes and other port equipment.
Aker Offshore Wind takes "key strides" in third quarter
Money keeps leaking from the company, which on the other hand reports that its portfolio of opportunities and projects has grown and matured.
How will product tanker shippers make their way if all cities do as New York?
The product tanker market is currently walking on a tight rope and hopes for a cold winter during which shortages of gas and coal could generate intense demand for refined oil products. But the sector is also looking towards 2030, which could prove a significant game changer.
Golden Ocean CEO sees the strong bulk market extend into 2024
Golden Ocean's CEO sees the extraordinady upturn in the dry bulk segment continue into 2024. This would be the longest recovery the market has experienced in decades. ShippingWatch has interviewed Ulrik Andersen.
Seaspan's customers have ordered 70 ships – all fossil-fueled
Despite a comprehensive newbuild program, shipowner Seaspan has no orders for ships that can be powered by fuels other than fossil fuels or LNG. However, the company's COO expects to implement two alternative fuels.
Senior Sales Director Naval - Terma 
Operations Executive 
Senior Accountant to Finance & Accounting 
Legal Counsel for an international shipping company 
Shipping & Logistics Coordinator – Seafood 
Coordinator / Marine Operator / Operations 
Commercial Operations - Stena Bulk .jpg)
Operational Sales Coordinator 
Re-posting: Do you want to help set the agenda for the maritime competencies of the future? 
Chief Business Officer for Cruise