Stobart has hit some bumps in the road lately but its boss is determined to put it back on the path to profit.
One of the civil servants caught up in the Department for Transport's West Coast Main Line franchise fiasco is to retire later this year.
The long-serving chairman of the FirstGroup transport business, Martin Gilbert, is set to resign next week and the company launch a £600m rights issue.
A PRECEDENT-setting case in the US has provided shipowners expanded protections when chartering their vessels.
TWO VLCCs have been booked on period charters as freight rates began firming last week, said brokers.
NASDAQ-listed Euroseas today reported widening adjusted losses and founder Aristides Pittas expressed pessimism on near-term rates.
THE Capesize market has seen further correction this week, as charterers have more tonnage to pick from.
JAPAN’S NYK and compatriot Mitsubishi Corporation have set up a consortium, Japan LNG Investment, to possibly participate in the Cameron LNG project.
PHILIPPINES port operator ICTSI has set out to raise about 8.2Bn pesos ($200M) from the sale of up to 90M shares.
THE CONTAINER shipping industry will face years of slow growth and even when the global economy starts to accelerate, liner trades will not reach the fast growth rates of the pre-crisis era.
NEW DELHI has given freedom to state-owned Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) to undertake direct chartering of ships without going through the centralised chartering organisation under the ministry of shipping, Transchart.
CANADA'S newly reactivated Davie Shipyard has signed a C$125M ($123M) order for two dual fuel LNG ro-pax ferries with Saint Lawrence River ferry operator Société des Traversiers du Québec (STQ).
J. LAURITZEN Holding, the privately owned Danish product tanker, drybulk carrier and gas carrier group, has reported a deep loss for 1Q13, in line with its board’s expectations.
EMBATTLED STX Pan Ocean could see earnings improve for 2Q13 as it takes delivery of ships tied to long-term contracts, amid a seasonal uptick in coal demand.
SEVEN seafarers are missing today after a three-vessel collision in the section of the Yangtze River in east China, Xinhua News Agency reported.
US LAWMAKERS passed for the first time in six years a bill that helps maintain and improve US harbours.
A FILIPINO mariner sustained “serious injuries” while doing maintenance work on board bulk carrier Nordic Visby at Tauranga Port in New Zealand.