Hanjin’s Crisis Affects Danaos’ Earnings
Athens-based containership owner Danaos Corporation recorded a net loss of USD 8.39 million in the third quarter of 2016 mainly due to the bankruptcy of South Korean carrier Hanjin Shipping.
Struggling Korean Duo Drags Navios Partners to Loss
Greek owner and operator of container and dry bulk vessels Navios Maritime Partners L.P. saw a net loss of USD 33.86 million due to struggles of two top South Korean container shipping companies.
Lower Chartering Revenue Impacts Tallink’s Q3 Performance
Estonian ferry operator AS Tallink Grupp saw a 5.3 percent decrease in its net profit for the third quarter of 2016, which went down to EUR 42.8 million (USD 46.7 million) from EUR 45.2 million (USD 49.3 million) recorded in the same period last year.
Matson Sees Lower Net Income in 3Q 2016
US-based container carrier Matson reported a 40 percent drop in its net income for the quarter ended September 30, 2016, due to lower freight volumes.