ATHENS, GREECE, November 23, 2018 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today reported a net loss of $6.3 million for the third quarter of 2018, compared to a net loss of $8.7 million for the same period of 2017. The loss for the third quarter of 2018 mainly includes $4.8 million of impairment charges for one vessel.
Time charter revenues were $5.2 million for the third quarter of 2018, compared...
Harry Vafias
ATHENS, GREECE, November 23, 2018. STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the third quarter and nine months results ended September 30, 2018.
OPERATIONAL AND FINANCIAL HIGHLIGHTS
Sergey Frank President & CEO of Sovcomflot
Sovcomflot: Q3/9 months 2018 Results
(Third quarter/nine months to 30 September 2018 – unaudited, prepared under IFRS)
Sovcomflot (SCF Group), a world leader in energy shipping and offshore services to the oil and gas industries specializing in harsh environment work, today reported its results for the third quarter (Q3) and nine months (9M) ending 30 September 2018.
Tanker market background
During the reporting period, the tanker freight markets remained...
http://www.allaboutshipping.co.uk/2018/11/16/scf-back-in-the-black-in-q3/
Sue Bill
International accountant and shipping consultant Moore Stephens has outlined a number of unexpected changes introduced by the UK Budget 2018 which could have implications for the shipping and offshore maritime industries. But it stresses that these are relatively minor alterations which will have a limited impact on what continues to be a stable tax regime for the maritime sector.
The Annual Investment Allowance (AIA) will increase from £200,000 to £1m per annum for all qualifying...
Michael Simms
When the new standard on leasing, IFRS 16 Leases, comes into effect for periods beginning on or after 1 January 2019, shipping companies preparing financial statements will need to consider the presentation requirements and plan for the additional disclosures.
You can read the second in...
Please be advised that “K” Line Tokyo Head Office published the following press releases today.
Notice of Revisions in First Half and Full Year Consolidated Business Forecasts of Integrated Container Shipping Operating Company Ocean Network Express Pte. Ltd.
https://www.kline.co.jp/en/news/ir/auto_20181015418026/pdfFile.pdf
Revised Forecast of Consolidated Financial Results for the 1st Half and Full Fiscal Year 2018.
https://www.kline.co.jp/en/news/ir/auto_20181015418027/pdfFile.pdf
Viewers who ...
http://www.allaboutshipping.co.uk/2018/10/16/k-line-financial-press-release/
Michael Simms
The new lease accounting standard IFRS 16 leases comes into effect for periods beginning on or after 1 January 2019. Shipping companies need to make sure they have assessed and understood its implications.
We’ll be publishing a short series of blogs and factsheets looking at the impact...
Stuart Ostrow, President of ShipMoney
Maritime Payment Solutions’ ShipMoney has strengthened its foothold in the key Antwerp-Rotterdam-Amsterdam shipping range by joining forces with one of Rotterdam’s major port services companies.
It has entered into a strategic partnership with Nautilus Port Services (NPS) to introduce the most up-to-date payment systems for ship owners and managers to finally remove cash onboard ship and deliver real cost-savings for its crew and families.
The ShipMoney...
Richard Greiner
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by 1.3% in 2017. This compares with the 1.1% average fall in costs recorded for 2016. For the third successive year, all categories of expenditure in 2017 were down on those for the previous 12-month period, most notably for insurance costs and stores.
The findings are set out in OpCost 2018 (www.opcostonline.com), Moore Stephens’ unique ship operating...