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Thursday, 16 August 2018
Compliant fuel, not scrubbers, chief choice for IMO 2020
 
Only 2% of global fleet to adopt scrubbers to meet sulphur cap requirements, UBS report reveals....
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Thursday, 16 August 2018
Road to recovery for VLGCs may have a few more twists
 
Rates have hit multi-year highs this summer but seasonal uplift has not dispersed all the clouds...
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Thursday, 16 August 2018
Genco Shipping secures new five-year credit facility
 
US-listed bulker owner says new funding will lower its weighted average cost of debt....
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Thursday, 16 August 2018
Genco sees cost of finance fall after closing five-year loan
 
US-listed bulker owner says new funding will be tapped to support ships purchased this summer....
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Thursday, 16 August 2018
Torm shows 2020 hand with scrubbers set for all newbuildings
 
Danish tanker owner says delivery of ships from GSI will not be impacted by the programme....
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Thursday, 16 August 2018
Tallink starts expanding hotels
 
TLG Hotell, subsidiary of the listed Estonian shipping group Tallink Grupp, on Wednesday began an expansion and overhaul of the Tallink Spa & Conference Hotel and Tallink Express Hotel situated in the area of the Tallinn passenger port, informed LETA/BNS....
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Thursday, 16 August 2018
SAF Tehnika Group posts EUR 215,000 unaudited loss for last FY
 
Latvian telecommunications equipment maker SAF Tehnika closed its last fiscal year, which lasted from July 1, 2017 to June 30, 2018, with a turnover of EUR 13.411 mln, which contracted 21.3% y-o-y, and an unaudited loss of EUR 214,900 in contrast to a profit made in in the previous fiscal year, according to the group’s interim report submitted to Nasdaq Riga....
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Thursday, 16 August 2018
EUR 40 mln contract signed to continue renovation of Mezaparks Grand Stage
 
The Riga City Council’s Property Department has signed a contract with LNK, RERE general partnership on carrying out phase one construction works of the second stage of the Mezaparks Grand Stage renovation and reconstruction for EUR 40.123 mln, Olegs Burovs (Honor to Serve Riga), chairman of the city council’s municipal property committee, told LETA....
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Thursday, 16 August 2018
IKEA store to open in Latvia at the end of August
 
Swedish flat-pack furniture giant IKEA is to open its first store in Latvia on August 30, the company’s representatives told BC....
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Thursday, 16 August 2018
Lithuanian-Swedish power cable NordBalt to be shut down for repairs
 
The Lithuanian-Swedish submarine power cable NordBalt will be shut down on Thursday for two and a half months for planned repairs involving the replacement of onshore cable joints which have caused frequent failures, reports LETA/BNS....
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