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Qatar Navigation (Milaha) has reported a 15% dip in net profit for the first half of 2016 on the back of pressures on its investment arm, general cargo and ro-ro businesses and the “extremely challenging” offshore market. However, president and ceo Abdulrahman Essa Al-Mannai has hailed Milaha’s “healthy results supported by a strong balance sheet” …

Milaha H1 profit down 15% but still a 'healthy' $151m Read More »

Despite the widely reported financial woes of many KG Funds the German Shipowners’ Association (VDR) says cooperative ventures have avoided the bankruptcies of whole shipping companies. VDR noted a trend towards co-operative ventures in ship management and the financing of ships over the last year especially among smaller-to-mid-sized owners. In particular in the sub-5,000 teu …

German owners say cooperation has stopped insolvencies Read More »