PSA net profit falls for second straight year SINGAPORE'S dominant port operator PSA used cost control measures to ride out last year's downturn, in the process slowing the fall in net profit to 6.1 per cent from a 46 per cent drop in 2008.
S Korean shipbuilders undervalued: brokerage South Korea's equity investors should 'take some profit' on shares of automakers such as Hyundai Motor Co and Kia Motors Corp after a rally and buy 'undervalued' shipbuilders, Mirae Asset Securities Co said.
S Korean navy in pursuit of Somali pirates A South Korean navy destroyer is pursuing a South Korean-owned oil supertanker believed to have been hijacked by pirates off Somalia's coast, officials said.
Pirates attack Samho VLCC SAMHO Shipping has confirmed that its VLCC Samho Dream has been hijacked by suspected Somali pirates
Teekay trio sold to sibling TEEKAY Tankers announced today that it will sell 7M shares to fund three 'drop-down' tanker purchases from parent Teekay Corp
US box forecast moderates AMERICA'S containerised imports are expected to increase 10% in 1H10, according to the new Port Tracker survey released today
Marinakis buys Crude shares CRUDE Carriers chairman Evangelos Marinakis continues to buy his own company's shares, securing majority voting control
TNK preps public offering Teekay Tankers plans to issue 7m shares to fund the $168m purchase of a tanker trio owned by Teekay Corp.
DHT ups stock incentive anti Randee Day-led double hull tanker outfit lays out proposed employee stock benefits plan worth $2.7m.
Tromp trumps pirate blitz Marines aboard Dutch naval vessel launch swift operation to retake German boxship hijacked Monday.
US yard strike stings ACL Michael Ryan-led barge giant battles Jeffboat shipyard union over contract dispute as strike shuts US yard.
Pirates attack Torm tanker Armed gang hit but fail to capture Danish vessel in the Gulf of Aden.
Bulker rates set to surge Analyst says freight rates may soar as China's power plants hunt coal to satiate hunger for energy.
Fire rips through gasship Two Filipino crewmen are missing after an exposing on a Daiichi Tanker's ship off China.
Marinakis mops up more CRU stock Greek magnate takes post IPO spending on Crude Carriers shares past the $2m mark.
Great Eastern books VLs at HHI Indian shipowner switches twin suezmax order for a trio of VLCCs at Hyundai Heavy Industries.
Bulker breakup in the balance Ship aground on the Great Barrier Reef could still break up despite the immediate danger of structural failure passing, authorities say.
Pipavav readies $170m issue Indian shipyard reveals plan for huge 'preferential' equity issue.
TTA takes Petrolift stake Thailand's Thoresen Thai Agencies takes a near 40% stake in Philippines domestic tanker player.
PSA profits decline again Singapore terminal operator down for a second year as global economic crisis takes its toll.
TCC ties up Conti Harmony Scandinavian liner start-up has chartered its fourth ship with start of first service less than two weeks away.
MMM stung by $12m writ Beleaguered shipowner faces legal battle over unpaid loan which it lacks the funds to repay.
ICTSI bond issue raises $250m Philippine port operator's fund raising oversubscribed; funds set to go towards expansion and debt repayment.
Canada ramps up efforts to protect Arctic Eight communities will be trained to increase oil spill response efforts.
Markets quiet Heavy fog in Istanbul causing delays.
Big price gains in Fujairah Most markets still closed for Easter holidays.
Russian yard to launch second bunker tanker Bunker vessel has been built for Bergen Tankers.
Singapore bunker prices spike Buyers across Asia sitting volatility out, while many Japanese suppliers wait for Singapore Tuesday prices to make proper offers.
Fuel leaking from bulker off eastern Australia State Premier calls for authorities to 'throw the book' at shipping company.
Operations Executive pleads guilty to corruption Shanker Balasubramaniam sentenced to eight month's imprisonment and fined S$90,000.
Anti-fouling convention enters into force in Singapore The AFS applies to ships registered with Singapore and vessels calling at the port.
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