profit

Crude Oil Tanker Company Swings Back To Profit

Credit: precious-madubuike-JC9S-unsplash

DHT Holdings Inc, the Bermudian-based crude oil tanker company, has reported net income of $62 million for fiscal 2022 largely owing to a strong fourth quarter, reports The Royal Gazette.

Net profit

That compares to a net loss of $11.5 million in 2021.

The difference between the two periods mainly reflects higher tanker rates, the company said.

Net profit in the fourth quarter was $61.8 million, compared to a net loss in the fourth quarter of 2021 of $2.9...

https://mfame.guru/crude-oil-tanker-company-swings-back-to-profit/

Skuld Reports Positive Nine-Month Result

Credits: Fredrick Filix/Unsplash

Skuld today announces a positive result of USD 13.4 million for the first nine months of the 2022/23 financial year (ending 20 February 2023), an improvement of USD 33.9 million compared with the same period last year, reports an article published on their website.

About the outcome

The technical result also continued the positive development from the half-year, ending this reporting period at USD 21.6 million, with an overall combined ratio of 94% driven by the...

https://mfame.guru/skuld-reports-positive-nine-month-result/

Wan Hai and Cosco follow Evergreen and agree more generous bonuses

After a second year of record profits for the liner shipping industry, Wan Hai  and Cosco have fallen in line to join Evergreen in paying bountiful bonuses to staff.
Wan Hai, whose $2.49bn net profit for the first three quarters of 2021 was a near 20-fold year-on-year increase, is reported to be paying staff bonuses equal to a full year’s salary, plus TW$1m ($36,093).
A source is quoted saying tat Wan Hai …

The post Wan Hai and Cosco follow Evergreen and agree more generous bonuses appeared...

https://theloadstar.com/wan-hai-and-cosco-follow-evergreen-and-agree-more-generous-bonuses/

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