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Yard drop
Korea's Hyundai Heavy forecasts another drop in newbuilding demand this year.
Carrier cheer
Liner giants see idle capacity plummet with five key players completely free of laid-up tonnage.
Free News
Maersk mauled
AP Moller-Maersk posts worse than expected full-year loss as red ink from its container line passes $2bn.
Free News
Golden loses shine
Paris Dragnis-led Goldenport Holdings sinks to loss on cancellation costs and waning revenues.
Davie files
Canadian yard seeks court protection as it admits offshore shipbuilding was harder than it thought.
Canned ships up
Cancelled containership newbuilding orders have now reached 140 ships, says Alphaliner.
OceanFreight hit
Write-downs push US-listed shipowner to huge fourth quarter loss in a year it will want to forget.
STX sinks
Dire freight rates and slumping volumes send South Korea’s STX Pan Ocean to large net loss.
Eitzen still red
Losses cut at Terje Askvig-led Eitzen Chemical but weak chemical and clean petroleum markets lead to deficit.
Humpuss thaw
Setback for Spyros Polemis as freezing order against Humpass for charter hire defaults is cut by $15m.
More sales ahead
Compofelice says Trico Marine planning more sales of non-core vessels as it works to boost liquidity. Shares plummet after loss.
Free News
Golden rejigs
Golden Ocean is taking cash up front and a lower charter rate to reduce “counterparty risk”.
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GulfMark sues
Offshore vessel owner files federal lawsuit against Bender Shipbuilding, as OSG reveals details of its cancellations.
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Worse than feared
NOL sinks to $740m full-year loss after more red ink than expected in the fourth quarter.
Ocean loan relief
Cyprus-listed Ocean Tankers strike bank deal to "help the company face the shipping crisis."
Hanjin posts loss
Korean liner and bulker outfit Hanjin Shipping sinks into red on weaker rates but eyes black in 2010.
Glenda beats SLS
Tribunal rules Korean yard to repay over $80m to Glencore and d’Amico company after tanker quartet cancellation.
Free News
Saade bags $80m
Consortium of banks hands Jacques Saade-led CMA CGM fresh funds as refinancing efforts continue.
Sale gets OK
Bankruptcy judge approved sale of Bender Shipbuilding & Repair's Mobile yard to Signal International.
Free News
Mercator dives
Nine-month profit slashed by dire rates at Indian owner which warns of pressure on future earnings.
K-Sea hit again
Barclays Capital analyst downgrades K-Sea Transportation Partners after dividend halt.
K-Sea cut
Analyst downgrades K-Sea Transportation to “underperform” on expectations that dividend won’t return soon.
Daiichi dives
Japanese bulker owner Daiichi Chuo sinks further into the red but raises annual revenue expectations.
Free News
50 down
Idle boxship numbers show “first significant decline” as operators reactivate their own vessels.
Exclusive
Troublesome trio
Greek owner Tsakos Energy Navigation faces impairment charges of up to $25m on early 1990s built trio, CFO says.
Free News
Yard claims $36m
Atlantic Marine says trio of bankrupt AHL Shipping-linked newbuilding companies owe it millions for work on products tankers.
CCNI to issue
Chilean liner player poised to issue 76.6 million shares worth $51.3m in deal with shipowners to relieve cash woes.
Future deal flops
John Fredriksen’s Golden Ocean stung by loss of $150m capesize charter with Singapore’s Trustworth Shipping.
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