Germany’s HSH Nordbank, the world’s biggest ship financier, warned the crisis in the shipping market could deepen through 2014, as it announced sharply lower net income and more than tripled loan loss provisions.
International Freight Shipping
News relating to the import and export business, including customs, current economics and more.
News & Analysis
21 May 2013
Navios Maritime Holdings today reported a net loss of $10.2 million in the first quarter of 2013, plummeting from a net profit of $9.5 million in the first quarter of 2012.
20 May 2013
Spot prices dropped for both high and low sulfur bunker fuel in Rotterdam in the week of May 17, according to daily Bunkervision price data via international marine fuel oil broker LQM Petroleum Services Inc.
15 May 2013
Wilson Sons reported net income in the first quarter of 2013 totaled $19.5 million, jumping 169.7 percent from $7.2 million in the first quarter of 2012.
14 May 2013
New regulations for the non-tank vessel response plans will be discussed at the 2013 National Maritime Salvage Conference, taking place from Sept. 9-12 at the Key Bridge Marriott Hotel in Arlington, Va.
13 May 2013
Gati Ltd. has sold a 40 percent stake in its shipping subsidiary, Gati Ship Pvt. Ltd., to a strategic partner for Rs. 8 crore (about $1.5 million).
13 May 2013
Spot rates for low sulfur bunker fuel jumped 4.4 percent in the week of May 10, according to daily Bunkervision price data via international marine fuel oil broker LQM Petroleum Services Inc.
09 May 2013
Japanese ocean carrier Mitsui O.S.K. Lines announced plans to launch an India-Southeast Asia roll-on, roll-off service, later this month.
09 May 2013
The number of 40-foot containers available for export in Minneapolis saw a fourth week below zero in the week of May 8, according to the U.S. Department of Agriculture's weekly Ocean Shipping Container Availability Report.
08 May 2013
At least seven people have died, two are missing and five are injured after a roll-on, roll-off container ship slammed into a control tower at the Italian port of Genoa.
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