Oslo: STX OSV reported falling profits and revenues in its 2012 fourth quarter and full year results.

Oslo: Havila Shipping has entered into an agreement with Statoil, chartering its AHTS vessels Havila Mars and Havila Mercury.  

Athens: Hellenic Gas Transmission System Operator (DEFSA) has awarded class society Rina Group a contract for preliminary feasibility study and basic engineering design on a Greek LNG terminal at Revithoussa.

Naples: The extensive repair work necessary to rectify damage related to the flooding of Emma Maersk's engine room will be undertaken at Fincantieri's repair yard in Palermo, Sicily.

VLCCs losing $20,000 a day going west and MR product carriers earning upwards of $20,000 a day on some routes - welcome to the topsy-turvey tanker market!

Oslo: The pure car and truck carrier Hoëgh Traveller has today been sold to Grieg Green for environmentally friendly recycling in China.

The Hague: Freight forwarder Damco has reported major growth over 2012, with an increase in net revenue of 19%, to $3272m from $2,752m in 2011.

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Copenhagen: AP Moller - Maersk Group today announced a 2012 profit of $4bn, fuelled by adjustments to the profitability of Maersk Line.

Oslo: Frontline today reported a $16.6m loss in the fourth quarter, bringing the year loss to $82.8m.