US airline company plans to return $1bn cash to shareholders over the next three years through dividend payments and share repurchases
MORE shipbuilding and ship repair projects raised net profits of Penguin International to $1.6M in the first quarter of this year, from $2,000 in 1Q12.
PANAMA Canal expansion is very important for South American growth, yet is not the entire story for the continent’s shipping prospects, a port conference has been told.
TORM said today it returned to operating profits in 1Q13 and significantly cut net losses on the same period of last year.
STRIKING Hong Kong dock workers lost more than HK$10M ($1.3M) in wages as of 6 May, when the 40-day strike ended.
Qatari investors are believed to be eyeing a 12pc stake in British Airways' parent company, International Airlines Group.
BG GROUP has announced agreements with China National Offshore Oil Corp for the sale of more interests in the Queensland Curtis LNG (QCLNG) project in Australia for $1.93Bn.
IRON ORE and coal shipments are gaining pace this week, pushing the Baltic Capesize Index to a three-month high yesterday.
Toyota full-year profits more than tripled to 962bn yen (£6.3bn), helped by a weak yen, cost-cutting and a bounce back from the destructive 2011 tsunami.
VLCC rates are rising moderately as owners resist depressed rates amid the start of fixing for mid-May.
DEEPSEA box imports into northern Europe will drop sharply this year as the eurozone’s economy falters, two leading maritime consultants have warned.
PASSENGER cruise safety and security are being questioned, as a US Senate panel expands its investigation into the sector.
SHIP TRAFFIC into and out of Bremerhaven – Europe’s fourth-largest box port – resumed last night after a temporary closure caused by a container ship collision.
JAPAN’S Big Three shipping companies are predicting better results for the current fiscal year, which ends on 31 March 2014.
VOLUMES continued to fall in 1Q13, Wilh. Wilhelmsen ASA said today, resulting in lower net profits and revenues.
A SENIOR Philippines maritime source warned today the country could lose its position as the leading global source of seafaring jobs because of an allegedly critical initial audit by EMSA.
Move follows successful bids earlier this year to operate local and express rail services in the state of North Rhine-Westphalia
Appointment of former chief executive Wolfgang Mayrhuber approved despite calls from inside and outside Germany for it to be blocked