Dry Bulk: Wisdom Marine expects earnings boost from contract renewals in second half

Wisdom Marine Group ,one of the nation’s largest dry bulk shipping companies by fleet size, yesterday gave ...

Seanergy Acquires One More Capesize Bulker

Greek dry bulk ship owner and operator Seanergy Maritime capped a busy first quarter of 2017 by acquiring its third Capesize vessel in the past six months.

Exmar’s Profit Triples in 2016, Revenue Down

Following a series of one-off incomes, including payment for a canceled contract, the Belgian LNG and LPG carrier owner and operator Exmar saw its 2016 profit triple to USD 35.8 million, compared to USD 11.2 reported last year.

Yang Ming Posts Almost Doubled Loss in 2016

Taiwanese shipping company Yang Ming Transportation Corporation (Yang Ming) widened its net loss in 2016, reaching TWD 14.9 billion (USD 493 million) when compared to a net loss of TWD 7.7 billion (USD 258 million) seen in 2015.

Fincantieri Returns to Profit in 2016

Italian shipbuilder and ship designer Fincantieri has managed to return to black in 2016 as the company recorded a profit of EUR 14 million (USD 15 million) for the full year, against a net loss of EUR 289 million (USD 310.4 million) seen in the previous

Market Conditions Affect Wilh. Wilhelmsen Holding’s Earnings

slowdown in global trade, weak commodity prices and a strong USD continued to negatively affect Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen Holding group’s (WWH) total income.

Cosco Shipping Earns Less amid Shipping Market Imbalance

Cosco Shipping International (Hong Kong) has seen its profit for the year ended December 31, 2016 plunge by 29 percent to HKD 236.5 million (USD 30.4 million) from HKD 362 million (USD 46.6 million) reported a year earlier.