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Latest News
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Scorpio hit by write downs

Monaco-based tanker player is the latest owner to take a substantial charge due to declining vessel values.

04:04 GMT, 23 Feb 2012
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Vitol revenues set new record

Rising oil prices boost results at giant oil trader and one of the world’s largest charterers of tanker tonnage.

02:13 GMT, 23 Feb 2012
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OOCL poised for Thai tie-up

Hong Kong liner giant to launch China-Bangkok service in partnership with Regional Container Lines.

00:40 GMT, 23 Feb 2012
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Aussie ports face shake up

Western Australian government set to overhaul port authority structure in bid to improve efficiencies.

00:15 GMT, 23 Feb 2012
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Genco tip bears fruit

Dahlman prophecy on point as US-listed bulker owner turns to capital markets for cash to cut loan repayments.

23:42 GMT, 22 Feb 2012
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Allied fuel dispute ignites

Globus Maritime forced to pay Dimitris Marinis-controlled charterer’s overdue bunker bills following supramax seizure.

22:31 GMT, 22 Feb 2012
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Sterne guru survives the cut

New York shipping sage shifts gears as another US investment bank torpedoes coverage of stocks tied to troubled sectors.

19:53 GMT, 22 Feb 2012
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Creditors blast GMR bailout

Peter Georgiopoulos-led tanker owner under fire as lawyers attempt to sink Oaktree-backed reorganisation proposal.

17:12 GMT, 22 Feb 2012
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Ezion to tap markets?

Singapore-listed offshore owner tipped to launch fundraiser as it eyes expansion.

17:08 GMT, 22 Feb 2012
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ADM inks alliance

US agricultural titan teams up with Wilmar International in a bid to enhance purchasing power and improve fleet management.

16:00 GMT, 22 Feb 2012
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Four more bodies found

Divers begin operation to recover more victims of Costa Concordia tragedy off Italy.

15:15 GMT, 22 Feb 2012
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NOL to swing the axe

Massive cost cuts on the way following Singapore-listed containership owner’s deepest ever quarterly reversal.

15:03 GMT, 22 Feb 2012
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