16 Aug 2001
Bergesen Forecasts Higher Operating Profits
Norwegian shipping group Bergesen d.y. posted a return to pre-tax profits for the second quarter on Thursday and forecast higher operating profits for the full year…
16 Aug 2001
Hyundai Heavy Foresees Strong Earnings Recovery
Hyundai Heavy Industries, the world's largest shipbuilder, sees a strong earnings recovery after cleaning up the last of its soured investments in sister firms, a company executive said on Thursday.
16 Aug 2001
Kvaerner Shares Hit Rock-Bottom
Shares in engineering and construction group Kvaerner plunged to their lowest level since 1986 on Thursday after market sources said Nordic investment bank Carnegie downgraded the firm.
16 Aug 2001
Tanker Owners Fight Back
Tanker owners, who have been retreating on freight rates for crude cargoes for several weeks, have started to fight back in recent days, especially for prompt loading dates, brokers said on Thursday.
