Shipping
Tsakos braced for Q3 loss
Dire tanker markets have Greece's Tsakos Energy Navigation (TEN) bracing investors for a third-quarter loss. The outfit thought it had rode out the worst of the “economic tsunami” in the previous quarter but is now facing up to a second wave ...
2010-10-27 06:47:57
Evergreen posts strong profit
Taiwan’s Evergreen Marine has revealed a strong profit in the first nine months, but was dependent on non-operating cash. The containership giant said it made a net profit of TWD 11.67bn ($383m) to 30 September, from a loss of TWD 7.29bn in the...
2010-10-26 08:02:45
Multi-purpose ships rise
Generally, multi-purpose ship is referred to those ships which can carry more than two kinds of cargos. During booming time MPP can bring huge profits to shipping lines while in recession MPP is able to help shipowners survive. By June 2010, globa...
2010-10-25 06:35:01
Samudera turns around losses
Singapore’s Samudera Shipping Line has turned around losses in the third quarter as markets improved. The containership owner's net earnings to 30 September were $6.3m, against a loss of $4m in the same three months of 2009. Revenue rose 14...
2010-10-25 06:19:01
New orders rally in Sept.
After slumping temporarily in summer, new orders picked up again in September backed by a rise in containership orders and Clarkson Newbuilding Price Index, which edged down in August, stopped falling last month. According to Clarkson Research Ser...
2010-10-25 06:06:52
Tanker rates hover near 11-month lows
Rates for crude tankers on key Asian freight routes are likely to hover near 11-month lows this week as ample tonnage outweighs strong Chinese demand, shipbrokers said. For refined products, rates are expected to tumble to fresh 2010 lows despite ...
2010-10-22 08:35:59
Fesco turns around operating results
Russian container line Fesco has posted an operating profit in the first half of 2010 as it reduced net losses. Revenues jumped by $100m to $387m in the six months to 30 June, producing operating earnings of $33m, against a loss of $73.7m last ye...
2010-10-22 08:21:03
COSCO: Lower than expectations in Q3
On October 20th, the analyst from Citi expressed the container business performances of COSCO Shipping were lower than previous expectations in the third quarter. The dry/bulk cargo business also stayed in off-season while the demand of container...
2010-10-22 07:17:49
Nanjing Tanker Corporation fleet 20% up
In the fourth quarter, about 1m deadweight will be delivered. The growth is increased by 200% against that of the first half year. As is revealed in the fourth quarter three VLCCs and two MR2 type tankers will be delivered. The increased deadweigh...
2010-10-22 07:17:05
U-Sea takes Chinese newbuilds
Ultragas-controlled U-Sea Bulk Shipping has broken with tradition after snapping up two kamsarmax newbuildings in China. U-Sea Bulk has penned 12-year charters on the vessels which were ordered by an independent owner against the contracts. Copen...
2010-10-21 08:07:54
Start  Prev  431  432  433  434  435  436  437  438  439  440  Next  End