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Team Tankers CEO projects recovery for the chemical market in 2018

The chemical and product tanker market will see improvement this year as well as next, and revenue from vegetable oil will rise again. This is the assessment from the CEO of chemical tanker carrier Team Tankers. He also anticipates growth for 10-mile vessels.

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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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