London: Stolt-Nielsen reported first-quarter losses of $2.8m, driven by the losses in the company’s tankers’ division.  
Copenhagen: Maersk Tankers plans to spend up to $35m as it pushes ahead with a fuel saving retrofit programme, with the first VLCC due in a Singapore yard this month.
Piraeus: Navios Maritime Acquisition Corp has entered into a $143.8m deal to acquire five MR2 product tankers and options for two more.
New York: New York-listed Nordic American Tankers could raise more than $100m from a public offering of 9.75m common shares priced at $9.60 each.
Dubai: Shares in Gulf Navigation, a Dubai-based oil and chemical tanker shipping company, plummeted after it reported a doubling of annual losses. Company auditors warned its future depends upon the…
Tokyo: Nippon Yusen Kaisha (NYK) has inked a four-year time charter for a LNG carrier with GDF Suez.
It has been "March madness" time in New York shipping circles and Barry Parker gives the lowdown on the market discussions at CMA and Capital Link.
Cyprus’ shipowning and shipmanagement industries will survive the island’s economic turmoil according to leading players.
Fujairah: The world's biggest oil companies are setting their sights on crude storage in Fujairah, UAE, to maintain swift access to Asian markets.
Manila: The Philippine government has decided to dissolve the shipping unit of the Philippine National Oil Co (PNOC) due to the company's heavy losses.
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