Maersk Line's CEO Søren Skou

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 >>

Latest Magazines

Fairplay latest issue >>

Fairplay download >>

Solutions latest issue >>

Solutions download >>

Search Fairplay and Solutions archives >>

Not a Subscriber to Fairplay?

More News

Huge drop seen in Iran crude cargoes 14:51 16 May

Pittas plots more buys 14:37 16 May

MISC's losses widen 13:36 16 May

TTA cuts losses to $6.5M 13:36 16 May

First Resources profits rise 60% 11:24 16 May

STX Pan Ocean losses ‘shocking’ 10:44 16 May

Suezmax surge aids VLCCs 10:29 16 May

Key Maersk role seen in box rate doubling 10:07 16 May

More sluggish German shipbuilding seen

16:03 16 May

GERMANY's shipbuilding sector braced itself today for another difficult year, after 2011’s sluggish contracting. Full story >>

IMO urges guard review

15:53 16 May

IMO CHIEF Koji Sekimizu today called today for a thorough review of armed anti-piracy guards on ships. Full story >>

NewLead takes coal stake

15:26 16 May

AS ITS fleet continues to dwindle, Michael Zolotas-led NewLead has reported huge losses – and a new coal-trading investment. Full story >>

Soy woes weigh Ultrapetrol

15:04 16 May

NASDAQ-listed Ultrapetrol has reported a doubling of quarterly losses on much weaker soybean volumes for its South American river business. Full story >>

New SCF-Nikitin trial starts

14:53 16 May

A UK HIGH Court trial started today in Sovcomflot's lawsuit against former chartering partner Yury Nikitin. Full story >>

Puntland hails land raid

14:53 16 May

PUNTLAND today urged the UN and navies on anti-pirate patrol to take their fight ashore. Full story >>

Headline News

Fairstar accuses Dockwise of ‘poison pills’

16:03 16 May

FAIRSTAR Heavy Transport said today it has turned down what it termed a ‘poison pills’ financing offer from Dockwise. Full Story >>

More sluggish German shipbuilding seen

16:03 16 May

GERMANY's shipbuilding sector braced itself today for another difficult year, after 2011’s sluggish contracting. Full Story >>

IMO urges guard review

15:53 16 May

IMO CHIEF Koji Sekimizu today called today for a thorough review of armed anti-piracy guards on ships. Full Story >>

NewLead takes coal stake

15:26 16 May

AS ITS fleet continues to dwindle, Michael Zolotas-led NewLead has reported huge losses – and a new coal-trading investment. Full Story >>

Soy woes weigh Ultrapetrol

15:04 16 May

NASDAQ-listed Ultrapetrol has reported a doubling of quarterly losses on much weaker soybean volumes for its South American river business. Full Story >>

New SCF-Nikitin trial starts

14:53 16 May

A UK HIGH Court trial started today in Sovcomflot's lawsuit against former chartering partner Yury Nikitin. Full Story >>

Latest Markets News

Baltic Dry Index
13.09 16 May

0.62%

STX Pan Ocean losses ‘shocking’

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 >>

Sea-web Insight

Fox River dredging resumes