Rolls-Royce's marine sector looks East For Rolls- Royce's marine business, future growth will be driven by demand for specialist vessels in the merchant navy in North-east Asia.
Asian shipping stocks up despite downturn The shipping industry has been sailing through troubled seas as the global recession takes a toll on trade, but Asian shipping stocks have rebounded in 2009 as investors bet on a recovery. China Cosco, which operates the world's biggest dry bulk fleet, hit an eight-month intra-day high on Wednesday on the strength of dry bulk shipping rates, and is up about 65 per cent this year.
Half of all listed shipping companies may go bust FIRST International chairman Paul Slater predicts painful next 12 months for boxships, dry bulk and tankers sectors.
Capital markets finance route still open to shipping
Maersk Line plots new course as it vows to keep market share COMPANY has reviewed its position and set "a clear goal to keep our market position", says boss Eivind Kolding.
Private equity 'not an easy option', owners told SHIPPING still a very small part of the private equity pie, says AMA Capital Partners boss Peter Shaerf.
Biggest Brazil deal for China A DEAL has been announced that would mark the biggest investment by China in Brazil
Port Klang finally to unveil audit THE PORT Klang Authority finally plans to release an audit of its operations next week after a long secrecy scandal, a source close to the PKA has confirmed to Fairplay
HSH gains '3Bn injection TWO GERMAN states have reportedly decided to inject €3Bn ($4.1Bn) into the world's top global shipping bank
World Bank to lend China $80M THE WORLD Bank will reportedly lend China $80M to help it step up development and use of coal bed methane and local methane as coal substitutes
Frontline's dividend mystery OSLO-LISTED Frontline continued today to refer to its 'high dividend payout ratio' on its website ' but could not comment on industry speculation that the tanker giant would axe shareholder payments next week
Algiers-Barcelona line launched ALGERIAN ferry operator ENTMV today launched a new shortsea ro-pax service between Barcelona and Algiers
Egypt plays down grain spat EGYPTIAN foreign minister Ahmed Aboul Gheit has backed away from a fight with the Kremlin over Russian grain shipments to Egypt
Stopped at $112m OceanFreight ends deal with YA Global Master before reaching $148m mark.
Sveaas hits back Norwegian investor's Kistefos company slams Trico leadership's "poor track record" as proxy vote set for 10 June.
Not guilty plea Teen accused of botched hijacking of Maersk Alabama pleads not guilty in New York.
Dry looks dreary Massive orderbook and slowing cancellations could keep dry-cargo market down until 2014, warns Drewry.
Less but longer Akis Tsirigakis' Star Bulk accepts a lower charter rate on three vessels as it renegotiates longer deals.
DryShips view cut Lazard Capital Markets analyst shaves EPS estimates as new waivers in crease interest margins.
'Disruptive duo' Trico Marine moves to block boardroom bid from Christen Sveaas (right) and Age Korsvold (left), slamming recent "poor" investments and unclear intentions.
Builder drops axe US barge builder Trinity Marine Products cuts 190 employees as newbuilding demand suffers.
Japan holds 16 Veteran Pullmantur cruiseship on April detention list with ventilator flap and skylight deficiencies.
Turning point? Investment and underwriting losses wipe out West of England P&I club cash call but Peter Spendlove hopeful that nadir has passed.
Navios net falls A $5.5m swing in FFA earnings and higher operating costs chip away at New York-listed shipowner's bottom line.
Bulker grounds Croatian dry cargoship loses power off South Africa and suffers water ingress to engine room.
Northern light Fast growing Newcastle P&I club confirms star quality with outstanding result in exceptionally difficult year.
MIS rises Dubai shipyard group sees profits and revenues surge thanks to progress on jack-up newbuildings.
Ferry fiasco Short turn, dirty bridge window and strong sunlight contributed to CalMac ferry's grounding off Oban, Scotland.
Varun ahead Indian tanker and offshore player increases revenues and earnings in year to 31 March.
ATI sues Philippines ports company goes to court over running of passenger terminal two at Batangas.
George gets less Globus Maritime chief's pay fell by nearly $100,000 last year, but he sees end to trade credit problems.
Sulpicio suffers Tragedy-hit Philippines ferry group sees 2008 losses widen as revenues are slashed.
Atalanta extended Area around Seychelles to be covered by EU naval ships due to increasingly remote pirate attacks.
Cash for Ezra Singapore offshore vessel operator boosted its coffers with $63.5m from a private share placement.
Swiber a 'sell' Local analysts express concern over lack of new orders and say share price run up is good chance to exit.
Pemex says yes Mexican owner Grupo TMM succeeds at last in fixing products tanker to national oil company.
Abidjan's bid Ivory Coast port aims to be regional hub with investment of $62.3m.
Boxships down Singapore saw a near 15% drop in containership arrivals last month, but bulker numbers shot up.
Bunker boost ChemoilAdani fuel joint venture at Mundra, India, says volumes strong in first quarter.
Honkers holds five Two feeder containerships and a B + H Equimar combination carrier among ships held in April.
Action on hold Injunction against SembCorp Marine over failed rig deal is halted pending possible settlement.
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