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
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.
Finnish ferry company continuing its struggle to attain - nevermind maintain - profitability.
Chinese shipbuilder has signed RMB21.87 billion (USD3.28 billion) debt-to-equity swap framework agreement with eight investors in a bid to deleverage.
Despite HMM's prominent status in the South Korean shipping companies, it has never transported cargoes across the Arctic Ocean despite the government's interest in exploiting the Northern Sea Route.
Having completed the sale of its fleet, Singapore-based Rickmers Maritime will distribute USD28.9 million to unsecured creditors, better than initial expectations of USD27 million.
Rising scrap prices encourage further demolition activity, with Greek owner John Angelicoussis’ VLCC sold close to the USD400 per ldt mark.
The company made a 2Q17 net loss of SEK43.9 million (USD5.49 million) compared with a profit of SEK12.4 million in the same period last year.
The offer represents a 37% premium on Songa Offshore's 5-day share closing price and has been approved by the majority of shareholders.
Singapore's Pacific International Lines spokesperson tells Fairplay it is unable to comment due to commercial confidentiality.