The Shipowners’ Club Reports Underwriting Result In line With Expectations

The Shipowners’ Club, the leading P&I insurer in the smaller and specialist vessel sector, has reported financial results for the six months ended 30 June 2018. The Club recorded a 106.4% combined ratio, which was in line with expectations and underlines the Club’s support for its Members. The Club’s investment portfolio saw a loss of
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Middle East crude oil official selling prices largely fell within expectations this month, crude traders and end-users in Asia told S&P Global Platts Friday. OSPs from UAE’s Abu Dhabi National Oil Company and Qatar Petroleum were keenly awaited, as market participants had viewed the previous month’s OSPs as out of line with bearish trading sentiment
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Due to a very weak tanker spot market, NORDEN lowers its expectations for the Adjusted Result for the year to USD 0 to 30 million, down from USD 10 to 50 million. Dry Operator With an Adjusted Result of USD 8 million in the second quarter, the performance of Dry Operator has exceeded expectations, and
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European stock markets inched higher on Monday as expectations for a flurry of bumper corporate earnings and merger speculation outweighed fears about the escalating trade conflict between Beijing and Washington. Data showing China’s economy and factory production growth had slowed hurt Asian markets at the start of the week, as investors fret an escalating trade
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Trade barriers and retaliatory measures mark a shift away from unambiguous support for the norms of the international trading system GENEVA: Global economic growth is exceeding expectations this year but heightened geopolitical tension and uncertainty over international trade could thwart progress, according to a new United Nations report. The global Gross Domestic Product (GDP) is
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Asian sour crude traders hold vastly differing opinions on how the next round of official selling prices will fare at the end of a tricky month in the Middle East sour crude market, they told S&P Global Platts on Thursday. “It could go both ways,” a north Asian refiner said of the situation. “[The OSPs]
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