Hit by losses from cancelled containership and bulk carrier charter contracts K Line reported a massive JPY111.1bn ($1bn) loss for FY18, end 31 March 2019.
Danish shipowner Norden is continuing on a course to become increasingly asset light selling off four bulkers.
K Line is taking a JPY50bn ($448m) hit on the cancellation of charter contracts for bulkers and containerships.
US-listed shipowner Star Bulk Carriers is continuing to expand its fleet with the acquisition of up to seven vessels from ER Capital Holdings.
Odfjell and Sinochem Shipping (Singapore) are forming a pool of eight vessels with the Norwegian owner taking four ships on long-term charter.
The Japanese shipowners based in Shikoku Island are likely to be hit by the merger of the country’s three main container lines.
China’s Cosco Shipping Lines Company and Singapore’s Pacific International Lines (PIL) have entered into a mutual time-charter agreement involving 12 vessels in light of their respective business needs.
First Ship Lease Trust (FSL Trust) has inked a new agreement to extend the bareboat charters for three oil products tankers.
Embattled Ezra Holdings woes continue to mount with another claim related to EMAS Chiyoda Subsea (ECS) for $4.45m and liability for two bareboat charters by EMAS Offshore Ltd (EOL) that have been cancelled.
Odfjell has signed agreements for long term charters on two chemical tanker newbuilds being constructed in Japan.