American Shipping Company ASA: Positive Fundamentals In the Jones Act Tanker Market

American Shipping Company ASA announces results for first quarter ending 31 March 2019. HIGHLIGHTS • Stable Q1 bareboat revenue of USD 21.6 million • Backlog of secured bareboat revenue of USD 281.1 million with average weighted tenor of 3.2 years • Normalized EBITDA for Q1 of USD 21.7 million and...

https://www.hellenicshippingnews.com/american-shipping-company-asa-positive-fundamentals-in-the-jones-act-tanker-market/

Ship Finance International Reports First Quarter Net Income of $33.6 Million

Ship Finance International Limited announced its preliminary financial results for the quarter ended March 31, 2019. Highlights 61st consecutive quarterly dividend declared, $0.35 per share Reported net income of $33.6 million, or $0.31 per share for the first quarter Received charter hire of $160...

https://www.hellenicshippingnews.com/ship-finance-international-reports-first-quarter-net-income-of-33-6-million/

Middle East tensions pose ‘challenge’ to oil market stability – Iraqi minister

Growing tensions in the Middle East pose a challenge to the stability of global crude oil markets, Iraq’s oil minister said on Tuesday. He said that OPEC’s ministerial monitoring committee, known as the JMMC, must monitor markets to pave the way for a “new agreement” to be discussed at an upcoming...

https://www.hellenicshippingnews.com/middle-east-tensions-pose-challenge-to-oil-market-stability-iraqi-minister/

Bahri highlights unequaled benefits of inclusive workforce at Annual Maritime HR Conference in London

Highlighting its commitment to continue playing a role in promoting a diverse and inclusive maritime sector, Bahri, a global leader in logistics and transportation, has participated in the 13th Annual Maritime HR Conference in London. The company’s Chief Support Officer Hisham Alkhaldi was invited...

https://www.hellenicshippingnews.com/bahri-highlights-unequaled-benefits-of-inclusive-workforce-at-annual-maritime-hr-conference-in-london/