Lloyd's List

News

Rates tumble as medium range tanker market stays over-tonnaged

Vessels stack up off northwest Europe after closure of arbitrage trading window
Ethylene carrier orders up as TPC inks eight-ship deal

Singapore investment group in $300m order for 12,000 cu m vessels with Korean shipyard
Probe launched into M.Star explosion

MOL accepts offer by the UK Maritime Trade Operations and the US Navy to investigate blast
Peak season surcharges delayed

Lines operating in Asia-Europe trade fail to implement surcharges as capacity returns
CSAV aims to raise $400m

Company renews plans to raise funds for its newbuilding program and boost finances

"A worrying incident " Lloyd’s List Reporter

Shipping remains a key to Greek salvation

But do official figures manage to snare shipowners’ true contribution?

D’Amico unveils $5m net loss in second quarter
Exchange rate losses on the yen and higher income tax rates contribute to result
UK delays ban on ship-to-ship oil transfers
Regulation put on hold for six months and set to come into force in April 2011
NYK bullish on box sector as it posts $260m profit
Revenues jump 33% to $5.7bn
K Line returns to profit
Japanese shipping giant bounces back with $178m result
Hudong-Zhonghua wins Iolcos Hellenic order
Shipbuilder secures orders for two supramaxes
NYK to take over TSK’s intra-Asia liner operations
Transaction expected to be concluded within six months
NewLead seals five-ship expansion for $147m
Company boosts fleet to 24 vessels
Great Eastern net profit up 10%
Company posts $36.5m profit despite drop in time charter equivalent earnings for its crude tankers
Genmar’s losses widen
Company posts $14.3m second quarter net loss, its third consecutive quarter in the red
Oltmann sees hope for bargain funds
Opportunistic deals not easy but there is still a market, says Oltmann Group fund manager