Bahri confirms VLCC order at Hyundai Samho

Saudi carrier takes first step towards building a fleet of more than 50 VLCCs

The National Shipping Company of Saudi Arabia, also known as Bahri, has confirmed it booked up to 10 very large crude carriers at Hyundai Samho Heavy Industries as part of its expansion plan.In the...

Mercator Lines records three consecutive annual losses

Singapore-listed bulker arm of India’s Mercator Ltd plagued by weak rates, impairments and provisional losses

Regional Container Lines posts US$5.2m profit

Liftings decline, but so too have costs

Improved operational efficiency and new sailings see Zim return to profit

Israeli carrier posts US$35m first-quarter profit

Coal-seam gas may beat conventional LNG say analysts

Delays and technical issues take toll on production predictions for traditional product

Record lows reported for machinery imports

Pessimism as heavy equipment shipments tank and little prospect of improvement seen

Diana raises US$55m from bond

Chief and other executives take nearly one-quarter of offering

Long Beach box traffic up 7.9% in April

US port in recovery mode as anchorages empty out

Sea Swift sets up new northern Australia service

Arrangements will include designated hub for transhipping to smaller ports

Japan shipbuilder posts operating profit up 47%

Second largest yard bucks industry trend but net results are hurt by Brazil investment