finance

Rising bunker prices have significantly eroded shipowners’ earnings this year, “particularly owners with considerable spot market exposure,”

SINGAPORE (Dow Jones)–Keppel Corp. Ltd. (BN4.SG) Thursday reported better-than-expected growth in second-quarter net profit after profit contributions

(Dow Jones) Diamond Offshore Drilling Inc.’s (DO) second-quarter earnings jumped 19% as the company posted stronger revenue, though day rates fell and

Image (c) Hyundai Heavy Industries SEOUL (Dow Jones)–Hyundai Heavy Industries Co. (009540.SE), the world’s largest shipbuilder by orders, said

Image (c) BP p.l.c. SINGAPORE (Dow Jones)–Asia’s crude tanker market may begin to recover due to declining availability of vessels in early

SINGAPORE -Yangzijiang Shipbuilding (Holdings) Ltd. (BS6.SG) said Tuesday it expects “not less than” 30% growth in net profit in the

Drewry Shipping Consultants and The Cleartrade Exchange have announced that the World Container Index (WCI), the first Europe-based assessment of container

Norwegian shipping and seafood company Stolt-Nielsen Ltd. (SNI.OS) Thursday announced a second quarter net profit of $32.4 million, from $27.5 million, boosted

“Most hated man in America”, Tony Hayward, gets a fresh start with successfull initial public offering of new investment vehicle, Vallares PLC

LONDON (Dow Jones)–Final bids for V Ships, a ship-management business owned by Exponent Private Equity, are due June 16, a person familiar with the

A.P. Moller-Maersk A/S, owner of the world’s biggest container-shipping line, reported an unexpectedly strong increase of 85% in first-quarter profit,

HOUSTON—Transocean Ltd.’s first-quarter profit dropped 54% as the driller’s utilization rate continued to slide, and results missed Wall

Horizon Lines Inc. (HRZ) received a break on some of its expenses from former parent company CSX Corp. (CSX), which agreed to reduce Horizon’s charter

Horizon Lines Inc. (HRZ) said a federal court has agreed to reduce the company’s fine related to a conspiracy to fix rates and surcharges for marine

SEOUL (Dow Jones)–Samsung Heavy Industries Co. (010140.SE) plans to continue its policy of fully hedging its exposure to foreign exchange risks arising

Image credit: Flickr user JAXPORT NEW YORK (Dow Jones)–Shares of Horizon Lines Inc. (HRZ) plunged as much as 48% Tuesday after the company said it

UOB KayHian (Thailand) says jack-up rig orders are “roaring” while containership ordering has begun. The house upgrades Keppel Corp. (BN4.SG) to

A.P. MOLLER-MAERSK A/S (MAERSK-B.KO), the world’s biggest container-shipping company, Wednesday said it returned to profit in 2010 due to streamlined

[Dow Jones] Citigroup reiterates its bullish view on Korean shipbuilders; “we view the recent price correction as an enhanced buying opportunity.”

Photo by Crusair Eurodam News, a blog following the construction of the brand new Holland America Lines’ cruise ship M/V Eurodam, recently featured a