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Freddie splashes out at Samsung

Two companies controlled by John Fredriksen are splashing out with newbuilding orders at Korean shipbuilder Samsung Heavy Industries Co. Ltd. Golar LNG Limited has entered into firm contracts with Samsung for a

Austal reports loss-making half year

Low activity levels at its Henderson, Western Australia, shipyard pushed Austal Limited into a first half operating loss of Australian $ 6.3 million. That compared with a A$19.4 million profit for the

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Eitzen Chemical evaluates its options

Oslo-headquartered chemical tanker operator Eitzen Chemical ASA has commenced a process to evaluate its various options to ensure adequate, longer term financial strength and liquidity. The company, a leading carrier of petrochemical