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HMM books major operating loss in 2016

South Korean container carrier HMM ends 2016 with an operating loss of USD 595 million, writes Alphaliner. Besides bankrupt Hanjin, the carrier's operating margin was the worst among listed carriers last year, writes the analyst agency.

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Torm to issue new shares with support from equity fund

Danish tanker carrier Torm will issue 12.5 million new Class A common shares in a product placement guaranteed by major shareholder Oaktree Capital. The company has also revealed its expectations for last year's annual report.

EU approves state aid for Croatian shipyard

EU Competitions Commissioner Margrethe Vestager has approved the state guarantee which the Croatian government will provide for a EUR 96 million loan to a yard on the verge of bankruptcy. She says the state aid complies with EU regulations.

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