London: Greek LPG carrier specialist Stealthgas is aiming for a 20% share of the LPG tanker market after raising $115m in its latest public offering.

The Indian Shipping Ministry has blamed weak market conditions for the poor retail response in 2012-13 to the fund-raising plans of two top state-run ports and a government-owned dredging company.

Santiago: Chilean shipping lines Compania Sud Americana de Vapores (CSAV) and Compania Chilena de Navegacion Interoceanica (CCNI) have both approved fleet renewal programmes and proposed capital increases to their shareholders capital to partly...

Hamburg: Marenave Schiffahrts AG recorded a EUR1.5m ($1.9m) loss for 2012, just a week after announcing completion of its restructuring.

Rio de Janeiro: Brazil plans to invest $28nn by 2016 in the port sector, according to Luciano Coutinho, president of the National Bank for Development (BNDES).

Hong Kong: Containership owner Seaspan announced a normalised profit of $28.3m for the quarter ending March 31st 2013.

It is the trickiest of all business decisions: catching the falling knife of the bottom of the market. It would seem though that an increasing number of shipowners believe that point is coming around now.

London: Asia-based smaller tanker owner Yujin International has reversed its decision to delist from the London Stock Exchange after it has been approached by a potential investor.

DNB bank has revealed that its shipping impairment losses have risen again in the first quarter of 2013.

Antwerp: Profits at gas shipping company Exmar shot up to $65.8m in the first quarter 2013, more than double 2012's $27.9m result.