The Panama Canal Authority (ACP) and contractors Grupo Unidos por el Canal (GUPC) have extended talks to 4 February in a bid to settle a dispute over $1.6bn in cost overruns on the expansion of the canal.

DHT Holdings has entered agreements to raise $217m and signed a letter of intent for three VLCCs at Hyundai Heavy Industries (HHI).

After seeking independent advice, NOCC has reaffirmed its advice to shareholders to not accept a recent takeover bid.

Kawasaki Kisen Kaisha (K Line) today announced a profit of JPY15.7bn ($149m) for the first 9 months of its financial year, improving on the JPY9.4bn recorded at the same time last year.

As well as the usual questions on whether Hapag-Lloyd will actually tie the knot this time, one has to wonder: how long before a company of two becomes a crowd of three?

Cargotec’s MacGregor has finalised the purchase of Aker Solutions’ mooring and loading systems  unit, first announced 30 October 2013, for EUR180m (approximately $245m).

Stolt-Nielsen today announced a 2013 profit of $85.8m on $2.09bn in revenues, improving on 2012's $70.2m on $2.07bn.

The members of North P&I and Sunderland Marine Mutual Insurance (SMMI) have agreed to plans for a merger laid out in December.

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).