Athens-based containership owner Danaos Corporation swung to a net loss of USD 366.2 million in 2016 from a profit of USD 117 million in 2015, largely impacted by the bankruptcy of South Korea’s Hanjin Shipping. The company saw a decrease

South Korean shipbuilder Hyundai Heavy Industries (HHI) has received an order for construction of two 300,000-ton very large crude carriers (VLCC) from Greek shipowner Enesel, Korean news site Pulse reported.As disclosed, the newbuildings a

Danish shipping giant Maersk Line is scheduled to receive the EU antitrust regulator’s decision on the company’s plan to purchase the Germany-based Hamburg Süd by March 27, according to Reuters.The deal, reached at the beginning of Decem

Clean product tankers are likely to benefit from the implementation of the global 0.5% sulphur emissions cap as of 2020 driven by the demand for new fuel oil, McQuilling Services brokerage and consultancy writes in its industry note.