Star Bulk losses widen

Star Bulk has reported escalating quarterly losses as it continues to downsize its fleet.
The NASDAQ-listed dry bulk company posted a net loss of USD65 million for 2Q15 versus a net loss of USD3 million in 2Q14. Excluding non-cash items (losses from vessel sales and impairments), Star Bulk had an

Rough year for shipping stocks

US-listed shipping equities have partially recovered from recent lows, but remain sharply down for the year.
At the closing bell on 28 August, the 53 shipping companies listed on NYSE and NASDAQ were down 46% from their 52-week highs, according to an analysis by IHS Maritime. Over nine-tenths of

CMA CGM Q2 profit up 67%

French container line operator CMA CGM showed “strong and profitable growth” in the second quarter as consolidated net profit rose 67% year on year to USD 156 million.
Group revenues dipped 2.1% to USD 4.11 billion despite carryings up 6.2% to 3.3 million teu but the group said that a 10.9%