Finance

(Bloomberg) — Samsung Heavy Industries Co., the world’s second-largest shipyard, rallied the most in eight months in Seoul trading after

Chilean shipper Compania Sud Americana de Vapores SA (VAPORES.SN) posted a quarterly profit for the first time in two years. The company reported a net

(Bloomberg) — Nippon Yusen K.K., Japan’s biggest shipping line, lowered its annual profit forecast and Mitsui O.S.K. Lines Ltd. predicted a loss as

SHANGHAI–China Cosco Holdings Co. (1919.HK), the country’s largest shipping company by fleet size, said Tuesday its third-quarter net loss narrowed

(Bloomberg) — HSH Nordbank AG’s main owners, the German federal states of Hamburg and Schleswig-Holstein, are willing to replenish the

SINGAPORE–Container shipper Neptune Orient Lines Ltd. (NO3.SG) Thursday said it swung to a net profit in the third quarter mainly because of cost

Hercules Offshore Inc.’s (HERO) third-quarter loss widened sharply as the oil rig company was hit by a large asset impairment charge that overshadowed a

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. jumped by a record in Hong Kong trading as a new manager and an order to build a

Diamond Offshore (NYSE: DO) reported their third quarter results today with somewhat mixed results.  Their net income for the third quarter was down 30

RIO DE JANEIRO–Brazil’s Merchant Marine Fund has approved additional financing for oilfield services company OSX Brasil SA (OSXB3.BR) to complete

(Bloomberg) — Daiichi Chuo Kisen Kaisha said it may cancel ship orders, pare its fleet and sell new stock after getting emergency financing from

(Bloomberg) — Korea Finance Corp. has bid for its first plane-financing deal and started offering loans to shipbuilders as local companies look for new

After posting a loss of about ¥ 7.4 billion (USD $95 million) on the write-down of investment securities as a result of a decline in stock market prices, the

Pacific Basin Shipping (2343.HK) has boatloads of cash. So, raising another $123.8 million from convertible bonds should also raise some questions. With a cash

Vernier, Switzerland-based drilling contractor Transocean (NYSE: RIG) (SIX: RIGN) issued their monthly fleet update summary today with a fair bit of good

FAL Oil Co., a United Arab Emirates-based energy trader that’s under U.S. financial restrictions for links to Iran, faces the forced sale of a fuel

Wilbur Ross, whose company manages about $10 billion of assets, said private-equity investors are increasingly interested in shipping after a four-year rout

Evergreen Marine Corp., operator of Asia’s No. 2 container-shipping line, had its first quarterly profit in a year as sales increased on higher freight

HONG KONG–The head of shipping giant China Cosco Holdings Co. (601919.SH) on Thursday cast a downbeat light on the shipping industry, saying the current

Frontline Ltd., the world’s largest operator of supertankers, reached an eight-month low in Oslo trading after forecasting deteriorating returns from