Navios Holdings Plans to Further Reduce Its Expenses

Greek dry bulk shipping company Navios Maritime Holdings reported its quarterly net loss at USD 26.4 million, ...

read more →

Norsepower Gets Funds for World's Largest Rotor Sail

Helsinki-based provider of auxiliary wind propulsion systems Norsepower Oy will receive EUR 2.6 million (USD 2.9 ...

read more →

Demand Growth in Asia-North Europe Trade Remains Muted

Headhaul demand growth in the Asia-North Europe trade remains muted and this year’s third quarter peak season is ...

read more →

Lauritzen Narrows Loss, Confirms Newbuilding Sales

Danish shipping company J. Lauritzen has confirmed that it opted to sell two Supramax bulk carrier newbuildings and ...

read more →

Expanded Panama Canal Handles 100th Vessel

The Panama Canal handled its 100th transit through the expanded waterway on August 14, just one day before ...

read more →

MSI: Future Shipping Cycles to See Structural Change

Excess shipyard capacity and a slowing but still considerable orderbook are the negative factors overhanging ...

read more →

NAT's Earnings Decrease Despite Larger Fleet

Bermuda-based tanker owner Nordic American Tankers (NAT) has seen its operating cash flow drop to USD 40.7 million ...

read more →

OOIL Plunges to Loss amid Challenging Market

Hong Kong-based Orient Overseas (International) Limited, a parent company of Orient Overseas Container Line (OOCL), ...

read more →

RBS' Shipping Impairment Provisions at USD 585 Mn

As challenging market conditions persisted in the shipping sector during the first half of 2016, the Royal Bank of ...

read more →

Wilh. Wilhelmsen’s Returns Not at Satisfactory Level

Norwegian rolling cargo shipping specialist Wilh. Wilhelmsen Holding (WWH) has seen an increase in total income and ...

read more →

OPDR Adds More Calls to Its CISS Service

Hamburg-based Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) optimized its Canary Islands and Iberian ...

read more →

Container Port Operators Eye Mergers and Acquisitions

Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports ...

read more →

Japan's Big Three Slash Full Year Outlook

Due to the persistent weakness in freight rates, Japan’s big three shipping companies Nippon Yusen Kabushiki ...

read more →

Moore Stephens: Shipping to Disclose or Risk Being Exposed

The shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to ...

read more →

Drewry: Brexit to Prompt Change in UK's Imports-Exports Mix

The UK’s decision to leave the European Union would probably lead to a change in the mix, as the UK could switch ...

read more →

Ocean Alliance to Increase US East and Gulf Coast Service

Shipping companies from the Ocean Alliance are looking to deploy increased ocean carrier services from Asia to the ...

read more →

Nakilat Sees Steady Increase in Net Profit

Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has reported a net profit of QAR 501 ...

read more →

Ocean Yield Sees Steady Profit, Rise in Revenue

The Oslo-listed Ocean Yield ASA has seen its total revenues for the second quarter of 2016 rise to USD 70.1 ...

read more →

Moody’s: Teekay Corporation's Outlook Raised to Stable

Moody’s rating agency has upgraded the ratings outlook for Bermuda-based shipping company Teekay Corporation from ...

read more →

Clarksons: Shipping Sees Toughest 1H Since Financial Crisis

Shipping is experiencing some of its toughest conditions since the financial crisis and, despite its many efforts, ...

read more →

Hanjin Shipping Negotiating Debt Repayment Delay

Due to a prolonged period of slowdown in the shipping industry, South Korea’s cash-strapped company Hanjin Shipping ...

read more →