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Italian tanker carrier is optimistic about the future

Things are now headed in the right direction in the product tanker market after a rough end to 2016. CEO of Italian tanker carrier d'Amico International Shipping has a positive outlook for the future in the wake of a first quarter profit, he tells ShippingWatch.

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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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