The Lunar New Year looks like it provide little relief for Chinese shipping companies as their woes continue. Major bulk player China Shipping Development Company (CSDC) is riding into the year of the horse with a warning that it will turn in a...
Polish shipowner Polska Zegluga Morska PP (Polsteam) has went to China-based Yangfan Group shipyard to build eight open hatch bulk carriers, according to engineering services firm Deltamarin.
Greece-based Star Bulk Carriers Corp is spending $60m to buy two post-panamax bulk carriers attached with charter contracts.
Wärtsilä today announced that it would be cutting 1000 jobs in response to market volatility, despite steady profits of EUR520m ($710m) in 2013.
Nordea's 2013 profit for its shipping, offshore and oil services sector jumped 164% year on year to EUR195m ($266m).
The trend of declining European trade and stable global throughput at the Port of Gothenburg was reversed in 2013.
DNV GL has released a position paper on alternative fuels for shipping looking at the possible future fuel mix for maritime transport.