China Cosco doubles H1 profit to beat forecasts China Cosco Holdings, the flagship of the country's premier shipping conglomerate, beat forecasts to more than double its first-half earnings as China's unabated demand for resources and materials lifted freight rates.
China Shipping's H1 profit sinks 45% China Shipping Container Lines Co, the country's second-largest cargo-box carrier, said first-half profit dropped 45 per cent after fuel costs surged and the global economic slowdown stunted demand.
Captain blamed for Philippines ferry disaster A Philippines ferry captain sailed toward the eye of a typhoon in a disastrous error of judgement that left nearly 800 people dead, according to an official probe reported yesterday.
Hyundai Heavy, Posco in bid for Daewoo shipyard
Baltic Dry Index chalks up five days of falls in a row
Oil prices to stay above $100 per barrel, says IEA INTERNATIONAL Energy Agency executive director Nobuo Tanaka insists oil market has changed, possibly for ever.
High price of oil fuels hunt for black gold
Luxury yacht robbed off Corsica PROBE launched after more than €130,000 stolen onboard Caymen Islands registered Tiara.
AP Moller unleashes $569m bid for Brostrom DANISH giant bids SKr57 a share to in bid to add 94 product tankers to fleet.
Fraud targets Liberian Registry FBI agents and investigators from the Liberian government are looking into charges by the Liberian International Ship and Corporate Registry (LISCR) that it has been falsely accused of bribing high government officials ' including President Ellen Johnson-Sirleaf
APM asset sales turn loss to profit GAINS from asset sales helped AP Møller-Maersk (APM), the Danish shipping giant, to turn its key container shipping business to a net profit of $73M in 1H08 from a loss of $219M in the same period last year
CMA CGM expands in Brazil FRENCH carrier CMA CGM will continue in expansion mode in Brazil next year when it introduces 10 vessels of 6,000 TEU capacity into the Brazil to Asia trade, replacing 2,800 TEU ships
Wan Hai sells and leases back four ships WAN Hai Lines of Taiwan has concluded sale and leaseback transaction for four container ships with a group of 10 banks led by Citibank
STX shuffles top management STX Shipbuilding has reshuffled its top management cadre to strengthen global production network after the takeover of Norway's Aker Yards
Four submit LOIs for Daewoo Shipbuilding Four companies - Posco, Hyundai Heavy Industries, GS group and Hanwha - have submitted letters of intent for Daewoo Shipbuilding
Fistes heads west Toronto-based blank cheque company Tailwind Financial ties up with Nicholas Fistes-led Grand Union in a 20-bulker deal.
Sunrise's sunset VLCC will be a tanker no longer as Modec converts the Sunrise IV into an FPSO for a charter to Petrobras.
Let's list again Oslo float on the cards for Havyard Group to help fund growth of the company, Njal Saevik says.
Feds OK merger Antitrust regulators give General Maritime and Arlington Tankers the green light to merge.
Exxon to pay up ExxonMobil reaches settlement with fisherman and other plaintiffs in legal battle over the Exxon Valdez.
Liberia probe FBI called in to investigate an apparent attempt to expose corruption at heart of west African government over running of world's second biggest register.
Boa beaming Norwegian owner secures strong price for 2008 AHTS ship from unnamed listed company.
Maersk up and down on oil Danish giant benefits from rising oil prices but container shipping still sickly.
Costs bite Nordic Weak chemical tanker market and "extraordinary expenses" on a product tanker send profit down at Nordic Tankers.
D'Amico double Italian owner pockets $58m profit from sale of two MR products carriers.
Lasco lower Latvian tanker owner's first half operating result stable, but it can't match last year's ship sale gains.
Uljanik fading Profit down sharply in first half at Croatian tanker and bulker owner.
Maersk moves Danish giant beefing up tanker operations with $567m takeover of Swedish products carrier player Brostrom.
BMI flags 'failures' Enquiry into Princess of the Stars disaster in Philippines finds captain and owner "failed" in responsibilities.
Terminal on deck Japan's Inpex plans to build a $912m LNG import terminal for 2014 launch.
Bad vibrations BC Ferries probing claims their powerful new Super-C class ships have caused damage to homes in Nanaimo, Canada.
Fisher up again UK shipping group's first half profit rises, but products tankers endure "disappointing" period due to operational problems.
Deep pockets John Fredriksen's offshore owner Deep Sea Supply piles on profit in second quarter as fleet grows.
Brostrom suffers Swedish products tanker owner's profit shrinks in tough first-half market as Maersk prepares to buy company.
Usual suspects Four bidders ' HHI, Posco, Hanwha and GS - line up for stake in Daewoo, but who stands tallest?
A good match Brostrom's chief Lennart Simonsson explains why the Maersk offer was one they could not refuse.
Unsweetened Bourbon's profit falls in first half as it misses sweetener of sugar facility disposal last year.
Stiff competition Fears of bidding war as deadline for expressions of interest in Daewoo Shipbuilding nears.
Titan tanks Losses from discontinued operations push Hong Kong owner and builder into the red.
Pride back at SHI Texan driller returns to Samsung Heavy Industries for fourth deepwater drillship.
Maersk offer to acquire Broström Through its Swedish subsidiary, Maersk Product Tankers, A.P. Møller-Mærsk has announced a cash offer for all shares in the Stockholm-listed Swedish product tanker owner and operator Broström. The owners of all A shares have accepted to sell all ...
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
