First quarter interim reports from several carriers this week revealed various financial challenges for the companies and their owners.
Thorco chairman Thor Stadil. Photo: Thorco
Raging price war
The price war on the main trades between Asia and Europe is raging at full strength with a seemingly endless decline in rates.
And the crisis in the oil industry continues to bring bad news
Euronav CEO Paddy Rodgers. Photo: Richard Drew/AP
The current tanker big-shot goes by the name of Paddy Rodgers, CEO of crude oil carrier Euronav.