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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The Ministry of Shipping has undertaken a diverse set of initiatives as part of its drive to boost profitability across Major Indian Ports. One key initiative is to improve the returns earned on treasury investments by the ports for pension, provident and surplus funds. Across all Major Ports, these funds add up to around Rs
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The outlook for the global shipping sector for the next 12 months remains stable on the back of expected supply-demand improvements in the dry bulk and container shipping segments and overall sector earnings growth of 4-5 per cent, according to a Moody’s report. In the container shipping segment, broad macroeconomic growth coupled with trade growth
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The Steel Authority of India Ltd., which reported weak earnings over the last few years, expects earnings improvement from the current quarter, its Chairman PK Singh said. The profit during January-March, 2018 period is expected to improve as compared with the three months ended December, Singh told BloombergQuint in an interview, adding that all its
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