TOUGHER market conditions, including problems in Eurozone economies, have led China?s New Century Shipbuilding to slash the size of its planned initial public offer in Singapore by more than half from around $1.1bn to a maximum of $558m.

CHINA Merchants Energy Shipping could see profits almost double to Yuan991m ($145m) due to a global recovery in oil shipping, according to a shipping analyst.

TANKER rates and tanker company shares could benefit from the uncontrolled Deepwater Horizon oil spill, according to industry experts.

UKRAINE?s deal with Russia for lower gas prices has encouraged ammonia producers to step up exports from Yuzhny in the Black Sea and for traders to fix large gas carriers at higher rates, writes Martyn Wingrove .

WITH China and Japan on holiday until Wednesday, brokers were anticipating a slow start to the capesize and panamax markets, before both sectors saw some rejuvenation towards the end of this week, writes Keith Wallis in Hong Kong .

TRANSATLANTIC specialist Atlantic Container Line will stop providing its own chassis for customers in the US by the year end, with trucking companies to take responsibility for inland haulage, writes Janet Porter .