Shipping Index
Titan to tank
Hong Kong shipbuilder and storage specialist set for “substantial loss” as newbuilding orders dry up.
Marco Polo grows
Singapore-listed charterer and shipbuilder sees bottom line boosted by stronger showing from both arms.
Court clearance
Singapore’s High Court approves debt repayment scheme for offshore owner and shipbuilder Jaya Holdings.
Second sale
Hedge fund 2i Capital cuts Pipavav holding for the second time in a month, bringing in over $20m.
Red ink for STX
Shipbuilder warns of more cuts in European cruise and ferry yards but is positive on offshore outlook.
Forget it
Frontline chief Jens Martin Jensen dismisses Nordic American Tanker Shipping takeover as nonsense.
Navios bags $62m
Angeliki Frangou's Navios Maritime Partners closes latest equity offering with all underwriter options exercised.
Resilient Rickmers
Singapore containership owner sees healthy growth but plans newbuilding freeze as it faces refinancing talks with its banks.
CHO stake sale
Malaysia’s Scomi Marine offloads 29% stake in Singapore-listed offshore player CH Offshore.
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Payout lifts Odfjell
Sevmash compensation payment helps to lift Oslo-listed chemical carrier owner into the black.
Loan lengthened
Khalid Hashim’s Precious Shipping stretches $260m loan, buying itself more time for second hand spending spree.
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Up then down
JP Morgan analyst predicts a "tale of two halves" for the bulker sector as Chinese imports accelerate ahead of a softer market.
Hanjin sells
Korean container line's holding company issuing new shares to up stake in operating unit.
DSME disappoints
World’s second largest shipbuilder turns in record profit for 2009, but analysts expected more.
CHO falls short
No asset disposals and smaller fleet result in 40% fall in interim profits at Singapore offshore player.
Fire funds
A $59m insurance payout following Australian rig blaze will hit Seadrill’s balance sheet in the fourth quarter.
IHI inches ahead
Japanese shipbuilder edges back into profit in first nine months, but forecasts much stronger fourth quarter.
Black is the Color
Norwegian ferry owner Color Line improves annual profit, boosted by currency gains.
Futures up
Dry-cargo trading volumes jump 129% on last month as derivatives deals climb 40% to $912m, says Imarex.
Mitsui minted
Japanese shipbuilder Mitsui Engineering raises full-year forecast after large rise in profit and sales.
Inui much weaker
MOL bulker offshoot Inui Steamship posts big drop in nine-month profit on weaker rates.
Todd tumbles
US shipbuilder sees third quarter profits fall nearly 40% on higher costs and lack of other income.
Firm gets out
Arbitrage player Highbridge Capital Management holds a 0.1% slice of Trico Marine after formerly holding sizeable stake in warrants and bonds.
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Franklin's slice
Mutual fund manager Franklin Resources reveals 5% stake in Overseas Shipholding Group.
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Big guns buy
Otto Marine bags $70m from private placement – helped by former Labroy Marine owner Tan Boy Tee.
TK forecast hiked
Deutsche Bank analyst cuts fourth-quarter estimates for Teekay Corp but increases forecasts for 2010 and 2011.
Tamai still red
Japanese owner eyes return to profit for the full-year but nine-month earnings still down.
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