Carnival CEO Micky Arison (l) with Costa chairman Pier Luigi Foschi, holding model of Concordia sister ship, Costa Serena

14:15 27 Jan

THE FIRST of several expected class-action suits targeting Carnival Corp over the Costa Concordia tragedy has been filed in US District Court.

The lawsuit was filed yesterday by Chicago’s Ribbeck Law, a specialist in aviation disaster claims. Another class action ... Full Story >>

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16:11 27 Jan

STRONG ordering in specialised ships sectors this year should support the Ship Power unit of Wärtsilä, the Finnish engineering group said, although it reported a fall in net profits last year. Full story >>

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16:11 27 Jan

CHINESE shipowners ordered 258 newbuildings last year, a 70.4% dive year on year from 872 newbuildings contracted in 2010. Full story >>

Fund dumps DHT shares

14:35 27 Jan

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14:30 27 Jan

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14:16 27 Jan

REGIONAL securities firm PhillipCapital said today it expects Precious Shipping to post net profits of 862.47M baht ($22.56M) for 2011, down 4.75% year on year. Full story >>

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Headline News

Sorensen to run Maersk Tankers

16:11 27 Jan

APM SAID today it had appointed Hanne B Sorensen as CEO of its Maersk Tankers, making her perhaps shipping’s most powerful women. Full Story >>

Wärtsilä’s Ship Power unit’s profits drop

16:11 27 Jan

China newbuildings dive 70.4%

16:11 27 Jan

CHINESE shipowners ordered 258 newbuildings last year, a 70.4% dive year on year from 872 newbuildings contracted in 2010. Full Story >>

Fund dumps DHT shares

14:35 27 Jan

HEDGE fund MMI Investments has accelerated the sale of its stake in tanker owner DHT, bringing its holdings down to just 2%. Full Story >>

Nordcapital keeps lead

14:30 27 Jan

Precious profits expected to be $22.56M for ’11

14:16 27 Jan

REGIONAL securities firm PhillipCapital said today it expects Precious Shipping to post net profits of 862.47M baht ($22.56M) for 2011, down 4.75% year on year. Full Story >>

Latest Markets News

Baltic Dry Index
13.13 27 Jan

3.59%

Panamax pressures grow

14:12 27 Jan

PRESSURE on Panamax bulker rates intensified this week, with a continually ballooning tonnage list caving in to limited chartering interest. Full Story >>