Ocean Yield, owned by Norwegian oil tycoon Kjell Inge Røkke, finished 2020 with a deficit of USD 51.7 million after taxes in fourth quarter 2020, shows the shipowning company's interim report.
This deficit is especially attributed to the sale of a construction and cable laying vessel in November. Here Ocean Yield booked a loss of USD 70.7 million.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Odfjell exits second quarter with best result in 15 years
Chemical tanker carrier Odfjell books its best quarterly result since 2007 following years of seeing a squeezed market, and the company expects the positive trend to continue in the third quarter.
Maersk tempers rumors of big Suez terminal investment
A number of media report a new investment by Maersk in a container terminal at the Suez Canal worth USD 500m, but the liner group denies that a deal has been made final.
Maersk: Low Rhine water and Felixstowe strike prompt delays
Major northern European ports stand to be affected by delays due to the Rhine drying up and a planned strike at the UK Port of Felixstowe, Maersk warns.
Offshore suppliers eye fresh orders upon super profits from energy companies
Rising oil prices and major profits at energy companies come at an opportune time for suppliers. Analysts expect the otherwise strained offshore carriers to begin ordering more ships in 2023, with Prosafe’s CEO reporting ”optimism in our field.”
Norwegian Shipowners' Association fears hesitant politicians may curb green transformation
Harald Solberg, CEO of the Norwegian Shipowners’ Association, fears that the green energy transition will move too slowly if policymakers don’t take further action soon, he tells ShippingWatch. Two initiatives in particular are necessary, he says.
Senior Associate – Group Strategy Office 
Senior Bunker Trader - Copenhagen 
Head of Airfreight 
Assistant Fleet Superintendent 
Logistics coordinator with responsibility for our shipping activities 
Operations Controller – Weco Tankers 
Legal secretary for Shipping / Offshore / Transportation 
Operations Manager for B-Gas A/S in Copenhagen 
A lawyer (chief consultant) is wanted for People & Culture 
Experienced Bunker Trader - Tønsberg/Oslo