China's CSC Phoenix has predicted a net profit for the first quarter of 2014 as it faces a delisting due to three consecutive years of net losses.

A plan by dry bulk operator Pan Ocean to sell off its stake in Heungkuk Mutual Saving Bank has failed to materialise.

Argentina’s one-day general strike Thursday April 10 that paralysed transport services and ports cost $1.3bn in losses according to local media. The powerful transport and service-related unions were protesting against increasing inflation and...

China Shipping Industry (Jiangsu) has bagged new orders from sister company Dong Fang International Investment to build four 64,000 dry bulk carriers.

Jinhui Shipping and Transportation has signed a contract to acquire a 60,000 dwt dry bulk carrier at a price of $29.1m.

Greeks control the largest merchant fleet ever as total carrying capacity has hit an all-time high and the flow of new tonnage into Greek hands is set to continue. The capacity of the fleet controlled by the country’s owners has now virtually...

Competition for German shipowners between classification societies ClassNK and DNV GL continues to hot up, with the Japanese class claiming good gains.

China Merchants Energy Shipping (CMES) returned to the black in the first quarter of its financial year 2014 from a loss incurred in the previous corresponding period.

China's Nantong Mingde Heavy Industry has signed a deal to build up to 13 ships for an European shipowners.

DNV GL has announced a new system for vessel performance management, “Cossmos”, software which takes into account all components on board a vessel with the aim of lowering the wasted energy aboard ships.