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Gulf Marine Services developing 'most flexible vessel'
08 Oct 2009 22:30:05 PST
Gulf Marine Services (GMS), a leading elevating support vessel operator in the region, is developing one of the most flexible and capable vessels in the market.
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UPDATE 2-Shipper Norden sees tanker mkt weak, dry bulk better
19 Nov 2009 17:24:40 PST
* Q3 EBIT falls more than expected to $28 million * Narrows 2009 earnings guidance in upper part of range * Says dry cargo coverage strong for Q4, cites China * Shares down 4.3 percent...
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UPDATE 2-Nippon Yusen plans $1.6 bln share sale after loss
12 Nov 2009 17:30:17 PST
* Money to be used for ships, restructuring * Issues to boost outstanding shares by 37 pct * Underwriters include Nomura, Mitsubishi UFJ, Merrill * Shares down 4 pct vs Nikkei's 0.7 pct fall (Adds...
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UPDATE 1-Thai shipper PSL to miss freight rate revenue target
10 Nov 2009 17:18:15 PST
* Sagging demand and oversupply to hit freight rate revenue * Sees opportunities to buy second-hand ships in 2010 (Adds details) BANGKOK, Nov 10 - Precious Shipping PCL <PSL.BK> (PSL), Thailand's biggest dry bulk shipper,...
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TABLE-COSCO Pacific Q3 net profit down 48.5 pct
27 Oct 2009 22:25:48 PST
Oct 28 - Three months ended September 30, 2009 Shr (U.S. cents) 1.77 vs 3.46 Net 40.03 vs 77.66 Revenue 83.45 vs 91.23 Nine months ended September 30, 2009 (in million US$ unless stated)...
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UPDATE 1-DP World sees tough Q4; CFO to join parent firm
27 Oct 2009 03:25:31 PST
* DP World sees challenging Q4 * DP World CFO to step down in December * 2009 results seen in line with market expectations DUBAI, Oct 27 - Port operator DP World said on Tuesday...
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TABLE-China Shipping Q3 net profit down 81 pct
22 Oct 2009 17:06:23 PST
Oct 22 - Three months ended September 30, 2009 Shr (yuan) 0.0858 vs 0.4526 Net 292.03 vs 1,541.41 Operating revenue 2,356.72 vs 5,005.10 Nine months ended September 30, 2009 (in million yuan unless stated)...
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Maersk Line raises trans-Atlantic container rates
21 Oct 2009 06:54:02 PST
COPENHAGEN, Oct 21 - Maersk Line, the world's biggest container shipper, will raise rates on trans-Atlantic routes as the freefall in cargo volumes has come to a halt, signalling that the worst of the economic...
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INTERVIEW-Maersk sees container rate break-even by Q1 2010
19 Oct 2009 17:11:26 PST
VILNIUS, Oct 19 - Freight rates in the container shipping industry are recovering gradually and are likely to reach break-even levels by the first quarter of next year, an executive at Denmark's Maersk Line said...
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UPDATE 1-S.Korea STX Pan Ocean wins $6 bln deal from Vale
21 Sep 2009 17:14:10 PST
SEOUL, Sept 22 - South Korean dry bulk carrier STX Pan Ocean <028670.KS> said on Tuesday it had won a $6 billion contract with Brazilian mining firm Vale <VALE.N> <VALE5.SA> for long-term iron ore shipping....