Kawasaki Kisen Kaisha (K Line) improved its profitability in the financial year ended 31 March 2014 (FY2013) reporting a JPY16.6bn ($161.7m) profit, compared to a JPY10.7bn profit in the previous year.

Mitsui OSK Lines (MOL) bounced back into the black in the financial year 31 March 2014 (FY2013) with a JPY57.39bn profit ($557.6m) net profit, with only its container shipping business losing money.

Bulker and tanker owner China Shipping Development Company has continued its turnaround in the first quarter, with a RMB51.9m ($8.28m) profit from a RMB484.2m loss in the previous corresponding period. Revenue also rose significantly to RMB3.2bn...

China shipping behemoth China Cosco continued to struggle in the first quarter turning in a net loss of RMB1.88bn ($300m) although this was a slight improvement from the RMB1.99bn loss incurred in the preceding quarter. Revenue however fell to...

Indonesian state-owned shipping firm PT Pelni is looking to capitalise on the Transportation Ministry’s planned change in policy to encourage short-sea shipping policy by offering to carry more cargo on its ferries, local reports said.

Navios Partners has recorded an $18.4m profit for the first quarter, a $2.1m improvement on 2013's result.

Nordea's shipping, offshore and oil portfolio recorded a EUR82m ($113.7m) operating profit in the first quarter, a 148% increase on the same period last year.

Proving its pedigree, Pacific Basin has finalised terms of a 12-year export credit agency (ECA) financing for 18 previously contracted Japanese newbuilding vessels.

Precious Shipping reported a lower first quarter profit due to lesser one-off gains from newbuilding cancellations, and is confident about the outlook for dry bulk shipping.

Bocimar lost $4.3m in the first quarter 2014, contributing to a $3.1m loss for parent Compagnie Maritime Belge (CMB).