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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Skuld today announces a positive result for the first six months of the 2018/19 policy year. Skuld reports a bottom-line result of USD 14 million compared with USD 8 million at the half year in 2017. The result is mainly derived from Skuld’s P&I book of business and a low number of reported claims from
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Port Taranaki’s ability to adapt quickly to changing market demands and service a range of industries has been reflected in a strong year-end result. For the financial year ended 30 June 2018, Port Taranaki has reported a net profit after tax of $8.26m – up 14.4% on the previous year’s profit of $7.22m. Port Taranaki
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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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NEW DELHI: The Steel Ministry has suggested two options to the Commerce Ministry for the latter’s meeting with the United States Trade Representative (USTR) for resolving the issue of 25 per cent import tariff on steel imposed by the US. Stating that the US move could lead to cross dumping into the Country, the Ministry
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Just as we thought the world was calming back down to reason, worries and frictions regarding global trade resurfaced this past week after a series of impulsive and sudden announcements coming out of Washington DC. The volatile and unpredictable temperament prevailing in US politics right now has put global trade talks on a highly unstable
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Hapag-Lloyd has completed the first quarter 2018 with earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 219.4 million, which is an increase compared to the first quarter of the previous year (EUR 135.3 million). The operating result before interest and taxes (EBIT) stood at EUR 53.7 million after three months (first quarter 2017:
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