Overseas Shipholding Group Expects Improving Tanker Market Fundamentals

Overseas Shipholding Group, Inc. a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, reported results for the second quarter 2018. Highlights Net income for the second quarter was $3.1 million, or $0.03 per diluted share, compared with net income of $3.2 million, or $0.04 per diluted share,
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Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers (“VLGCs”), reported its financial results for the three months ended June 30, 2018. Highlights for the First Quarter Fiscal Year 2019 -Revenues of $27.6 million and Daily Time Charter Equivalent (“TCE”)(1) rate for our fleet of $16,553 for the three months
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Nippon Yusen Kabushiki Kaisha (hereafter, “NYK Line”) announces that it has revised its forecast for the interim and full year consolidated financial results for the fiscal year ending March 31, 2019. The previous forecast was released on April 27, 2018. Revision of Forecasts for Interim and Full-Year Consolidated Financial Results Disparities between the revised forecast
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The Commerce Minister Suresh Prabhu recently said he is expecting around 20 per cent growth in exports in June. In May, exports recorded over 20 per cent growth and it looks like June will also be the same, he said. The Minister was addressing exporters on preparing strategy to add 100 billion dollar to India’s
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Cochin Shipyard expects its ongoing and upcoming expansion projects will help it free up more space for repairing large international vessels and double its revenue from ship repairing operations to Rs 12 billion in the next three years. The company, which is expanding its ship repairing capabilities to Mumbai and Kolkata, is also looking at
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Greece expects euro zone finance ministers to deliver on promised debt relief this week so that it can at last plan its financial future “like any ordinary country”, the government spokesman said on Wednesday. Ministers in the Eurogroup will meet in Luxembourg on Thursday to consider plans for easing the debt burden, which at 179.8
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 There are now strong indications that the economy is set on a recovery path. “The impact of sustained structural reforms is now being felt on the ground as a mammoth economy is turning around,” said Mr. Rakesh Bharti Mittal, President, Confederation of Indian Industry (CII). “Businesses across several key sectors are experiencing firm growth in
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FLEX LNG LTD., an emerging leader in the Liquefied Natural Gas (“LNG”) shipping and floating regasification market, reported unaudited results for the three and twelve months ended December 31, 2017. Highlights for Q4 2017: Reported Revenues of $7.9m compared to $9.8m in previous quarter. Reported net operating income before depreciation of $1.3m compared to a
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