According to an Independent article, Ardmore Shipping, a Cork-based shipping company listed on the New York Stock Exchange, has posted net income of $20.1m (€17m) for the six months ending June this year, following its strong chartering performance.The company,...
CEO of CSBC Corporation has voluntarily taken a major salary cut.
He will receive a minimum salary of TWD23,800 ($810) until the company returns to profit.
CSBC posted a net loss of TWD1.78bn ($59m) for the year of...
The Baltic Briefing has issued the tanker report for the 31st week of this year. The report dated 31st July 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter activities.
VLCC
Middle East Gulf Rates from...
Wall Street expected Exxon Mobil Corp. and Chevron Corp. earnings to be bad, but not this bad.
America’s biggest energy companies delivered their worst set of quarterly results of the modern era.
The losses are weighed down by...
CMA Shipping has developed a unique strategy to offer customized solutions to shippers and customers with a virtual exhibition meeting system, says their website.
Our virtual event is fully interactive, sophisticated and will enable you to connect with industry thought...
Ship owners are active both in the newbuilding and the second hand market for ships over the past week.
According to its latest weekly report, shipbroker Banchero Costa said several sales took place in the dry segment during...
U.S. economy suffered its sharpest downturn since at least the 1940s in the second quarter.
COVID-19 has ravaged businesses across the country and left millions of Americans jobless.
Gross domestic product shrank to 9.5% in the second quarter...
Japan is to increase the amount of state financing to owners.
It will choose to order newbuilds at the nation’s hard-pressed yards.
State financial institutions have been told to up lendings and guarantees to overseas owners.
It hopes...
As the pandemic pushes more and more people to work from home, companies are gradually understanding the cost-benefit of it.The pandemic has taught the corporate the importance of workforce and real state. Companies are valuing people over real estate...
ECB extends dividend ban, capital relief for euro zone banks.
The European Central Bank extended on Tuesday a recommendation to euro zone banks not to pay dividends until the end of the year.
It also allowed them to...
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