With many of Germany's leading owners at the mercy of their lenders, some have succeeded in agreeing refinancing arrangements, but others have had to face the music
Strike Club says that the growing size of vessels is impacting the number of ports that they can access, increasing the chance of more groundings.
Major ports around the world have reported strong throughput growth in the first six months of the year and this is expected to continue into the second half.
China Merchant Port Holding is building on its investments in Djibouti which began in 2012.
Privately owned Danish dry bulk and small LPG carrier owner has reduced its losses both in the latest quarter and the first six months of the year, but its chief executive says profitability in dry cargo is still some time away.
South Korean shipbuilder Hanjin Heavy Industries & Construction’s engineering subsidiary will be taken over by its employees after they have been chosen as the preferred bidder.
World Fuel Services has purchased four bunker tankers from Singapore-based physical supplier Panoil Petroleum.
Finnish ferry company continuing its struggle to attain - nevermind maintain - profitability.
Net loss in 2Q17 amounted to USD1.6 million compared with a profit of USD15.0 million in the same period last year, when freight rates were much firmer.
Listed Fredriksen bulk company has posted a small profit for the latest quarter and a much reduced loss for the first six months of the year as the market continues to recover from record lows.
Chinese shipbuilder has signed RMB21.87 billion (USD3.28 billion) debt-to-equity swap framework agreement with eight investors in a bid to deleverage.
Bulk carrier market will grow at a far slower pace in the next 10 years with the bigger vessel classes likely to benefit most, according to IHS Markit Maritime and Trade quarterly overview
DP World subsidiary has announced growth in non-oil foreign trade by 17% from 23.9 million to 27.9 million tonnes in 2016, worth a total of USD80.2 billion.