Ulstein Group, the privately owned Norwegian ship design-to-shipbuilding group, says it will focus more on the renewable energy sector after posting 2014 results it describes as "good". Group pre-tax ...
Ulstein looks at renewable energy sector after good 2014
Not a Plane, but a Ship
By Kathryn Stone 2015-05-13 11:04:27 The search for Malaysian Airlines Flight MH370 has turned up something unexpected this week. Instead of the downed Boeing 777 Australian-led search teams were ...
Star Bulk sells discounted shares
NASDAQ-listed Star Bulk has priced a heavily discounted equity offering to raise funds for its newbuilding programme. The bulker owner is selling 56.25 million shares at USD3.20/share, a 15.1% ...
Another Mediterranean car ferry suffers fire
A Mediterranean car ferry was disabled by fire shortly after it left the Italian port of Bari in the Adriatic last night for the Albanian port of Durrës. Italian press agency Ansa reported that the ...
Hafnia seeks US share listing
Hafnia Tankers, the Danish product tanker owner, has applied to have its shares listed in the US. The company said today that it had applied to register with the US Securities and Exchange Commission ...
Navy Fighter Jet Crashes in Persian Gulf
By MarEx 2015-05-13 08:39:19 Two U.S. Navy pilots were rescued Tuesday after a fighter jet crashed into the Persian Gulf. The F/A-18F Super Hornet went down shortly after taking off from the USS ...
Australia moves to axe cabotage
The Australian federal government today announced it is to axe legislation introduced to promote Australian-flagged shipping and will deregulate the coast. While the move has been hailed by Shipping ...
Maersk Line profit soars to $714m in 1Q15
Maersk Line, the container shipping unit of the AP Moller-Maersk (APMM) group in Denmark, has reported a sharp rise in net profit in the first quarter of 2015 despite a drop in volumes and ...
Maersk predicts container volume growth in 2015
Global container shipping volume is likely to grow at the low end of the 3% to 5% range, according to the Danish transportation and energy conglomerate AP Maersk-Moller (APMM). "The volume growth ...
STX Dalian goes unsold at first auction
The first auction of six subsidiaries of the STX Dalian Group, the bankrupt subsidiary of South Korea's STX Corporation, was called off on 12 May after failing to find a bidder. The assets of the ...
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