Interest rate swaps drags profit down to $1.4m in second quarter

Company reports decline in iron ore volumes to China but strong growth in coal and grains

South Korean operator to take five of Container Carriers’ 5,000 teu newbuilds on long-term charter at a reported $29,900 per day

Tanker giant hit by declining rates and vessel oversupply

DVB Bank chief predicts more foreclosures and highlights failure to build up liquidity

German box giant’s second-half results hit by declining freight rates and significantly higher fuel costs

Russian giant distances itself from market rumours that GNMTC fleet is up for sale

Shipbuilder says yen appreciation hitting yards and urges government to intervene

The industry can never consolidate and flush itself clean if financial ‘flexibility’ postpones the inevitable

Offshore supply vessel owner achieves better utilisation rate, but increased operations offshore Australia send crew costs higher