Net loss in 2Q17 amounted to USD1.6 million compared with a profit of USD15.0 million in the same period last year, when freight rates were much firmer.
News & Analysis
10 Jul 2017
BW Group is entering the LR2 segment with 6 newbuild orders from Daehan Shipbuilding.
22 Jun 2017
UK domiciled product tanker company Torm plc could be close to ordering MR tankers at a shipyard in China.
01 Jun 2017
The NYSE-listed stocks of Gener8 Maritime and Frontline have risen on speculation that that the two fleets might be merged to form a tanker giant.
24 May 2017
NYSE-listed Scorpio Tankers is proposing a cash-and-stock deal to buy Oslo OTC-listed Navig8 Product Tankers, creating a publicly listed giant in the sector.