Overseas Shipholding Group completes 3.5M share offer; collects $158.7 million in proceeds Oil tanker operator Overseas Shipholding Group Inc. said Tuesday it has collected $158.7 million in proceeds from its offering of 3.5 million common shares at $45.33 each. Overseas Shipholding Group ...
2 shippers preparing for IPOs may encounter rough seas as investors weigh getting on board Two bulk shipping companies will be competing for investors' attention next week when they are expected to go public, but analysts are questioning their ability to nab ...
Map locates the Malacca Strait, where Singapore's Navy warned that a terrorist group is planning attacks on oil tankers Copyright 2010 AP News
Danish shipper A.P. Moller-Maersk reports an annual loss of $1.3 billion Danish container shipping and oil group A.P. Moller-Maersk A/S on Thursday reported an annual loss of 7.0 billion kroner ($1.3 billion), citing a drop in global shipments of goods amid the ...
<div id="subtitle">Somali pirates hijack US-operated cargo ship with at least 20 Americans aboard, officials say</div><div><p>Somali pirates on Wednesday hijacked a U.S.-flagged cargo ship with 20 American crew members onboard, hundreds of miles from the nearest American military vessel in some of the ...
<div id="subtitle">Food and energy disruptions loom as financial crisis slows shipments of raw materials</div><div><p>The growing financial crisis is constraining world trade with a jumbled mess of frozen credit that could mean shortages of food and energy supplies for some countries.</p><p> ...
<div><p>Global container shipping and logistics company Neptune Orient Lines (NOL) will cut about 1,000 jobs to deal with an "unprecedented" industry downturn, the company said Wednesday.</p><p>Most of the jobs will be lost in North America, where the company's costs are highest, said ...
<div id="subtitle">Danish shipping company orders some ships to avoid pirate-infested waters off Somalia</div><div><p>A Danish shipping company ordered some of its vessels to avoid a major trade route because of a spate of hijackings by Somali pirates.</p><p>The Copenhagen-based A.P ...
Oil tanker operator DHT Maritime forms new company called DHT Holdings Oil tanker operator DHT Maritime Inc. said on Monday that it has formed a new company called DHT Holdings Inc., organized in the Marshall Islands. The company said shareholders of DHT ...
<div id="subtitle">Global financial crisis hits shipping industry, with some rates plunging 90 percent</div><div><p>In the sparkling blue waters off Greece's bustling port of Piraeus, dozens of hulking carrier ships loom out of the haze of a retreating thunderstorm. After spending several boom years ...
