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Titan Mercury sold
Titan Petrochemicals has offloaded another of its single-hulled VLCCs to a Thai shipowner.
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Double it
Japanese ro-pax owner Tokai Kisen has all but doubled its full-year profit forecast.
Tokyo-listed Tokai Kisen says it will bank JPY 112m ($1.25m) in 2009, up from the JPY 60m previously touted.
Revenue for the year should top JPY 8.67bn, ahead of the JPY 8.50bn earlier put forward.
Operating profit expectations have risen 45% to JPY 218m.
Latest News
Chittagong raised
Asian Feeder Discussion Group to implement rate restoration on Singapore-Bangladesh route in April.
Boxship attacked
E R Schiffahrt vessel ER Lubeck evades pirate assault in Somali Basin but sustains light damage.
Texas tax fight
Gulf Coast player challenges US tax authorities over unfavourable designation of time charter income.
Molaris heads IPO
Former Quintana and Excel chief rides back into Wall Street at head of $270m bulker and tanker float.
Rich get richer
Brazilian magnate Eike Batista joins world’s top 10 rich list, while Fredriksen drops Ofer to ride back into Forbes’ top 100.
AIDAluna dented
Second Costa Crociere-owned cruiseship bashed against quay, this time in La Palma, but no one hurt.
Bubble trouble
Defective compass puts Turkish ship on collision course with UK inspectors while Greek bulker freed.
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