Maersk Line's CEO Søren Skou
Maersk Line's CEO Søren Skou
MAERSK Line said today it plunged to deep losses in 1Q12, but might still break even this year, defying forecasts of more losses.
10:33 16 May
MAERSK Line said today it plunged to deep losses in 1Q12, but might still break even this year, defying forecasts of more losses.

“Maersk Line lost $599M, compared with a profit of $424M [in 1Q11],” said a statement from Copenhagen’s ... Full Story >>

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14:53 16 May
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Headline News

FAIRSTAR Heavy Transport said today it has turned down what it termed a ‘poison pills’ financing offer from Dockwise. Full Story >>
GERMANY's shipbuilding sector braced itself today for another difficult year, after 2011’s sluggish contracting. Full Story >>
IMO CHIEF Koji Sekimizu today called today for a thorough review of armed anti-piracy guards on ships. Full Story >>
AS ITS fleet continues to dwindle, Michael Zolotas-led NewLead has reported huge losses – and a new coal-trading investment. Full Story >>
NASDAQ-listed Ultrapetrol has reported a doubling of quarterly losses on much weaker soybean volumes for its South American river business. Full Story >>
A UK HIGH Court trial started today in Sovcomflot's lawsuit against former chartering partner Yury Nikitin. Full Story >>

Latest Markets News

10:44 16 May
CIMB Securities analyst Raymond Yap today called South Korean bulker operator STX Pan Ocean’s 1Q12 performance “shocking” because its 1Q12 losses exceeded red ink for all of 2009. Full Story >>
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