Challenged carriers

First quarter interim reports from several carriers this week revealed various financial challenges for the companies and their owners.

Swedish fund pumps millions into Nordic Tankers

Stena in big profit after Helsingor-Helsingborg sale

Nordana struggling with a negative bottom line

Thorco chairman Thor Stadil. Photo: Thorco

Owner lent Thorco USD 38 million

Thorco CEO: We will be more aggressive in the market

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.

Alphaliner: Destructive container price war hits new low

Evergreen: Capacity expansion outpaces cargo growth

 

And the crisis in the oil industry continues to bring bad news

Norway has lost 22,122 oil jobs in less than a year

Statoil warns of new cost reductions

Major divestments for Wintershall in Norway

Law firm sees potential in oil bankruptcies

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.

Euronav CEO: Shipping enjoys the climb

Euronav finalizes acquisition of four VLCCs