Torm tanks
Danish giant sinks into the red and warns of possible large loss in 2010 as dividends aves.

The blaze broke out on the 5,000-dwt general cargo vessel Vanadiy (built 1983) while it was anchored off the port on 12 December.
The fire destroyed half of the ship's superstructure, but cargo was reported undamaged, Russian media said.
The vessel is managed by Vassilev Maritime Nakliyat of Istanbul and has no port state control detentions dating back to 2003.
Danish giant sinks into the red and warns of possible large loss in 2010 as dividends aves.
End of legal spat with Russians and large cost cuts save Andi Case-led broker as sales slump in poor markets.
Singapore Shipping back in buying mode with acquisition of Wallenius pure car truck carrier.
SembCorp Marine’s Jurong Shipyard to carry out pre-conversion works on Petrobras FPSO.
February’s crude imports into the People’s Republic reached the second highest level on record.
US west coast container port has reported a third consecutive month of growth in volumes.
Port of Seattle posts positive results despite a steady decline in container traffic.
Baltic Trading shares dip on debut but analysts are bullish after New York’s first post-crash IPO.
Michael Bodouroglou-led Paragon to ditch the Nasdaq for a new listing on the New York Stock Exchange.
Genco spin-off Baltic Trading hits the mark pocketing $300m from its initial public offering.