ThyssenKrupp To Selling Shipping Unit
ThyssenKrupp AG will reportedly gain more than $350 million from the sale of its Krupp Seeschiffahrt shipping unit. The unit, which has annual turnover of about $200 million…
AP Moeller Expects Higher Profits in 2001
According to the company, AP Moeller expects that its full-year group profits to be higher than the nearly $1.2 billion booked in 2000. AP Moeller operates Maersk…
Enterprise Ships Arrested
As shipping companies continue to suffer with the sagging world economy, bondholders who financed the Greek-controlled shipping company Enterprises Shipholding have…
Freight Rate Downturn Continues
The downhill slide in freight rates for long range (LR) cargoes of petroleum products from the Gulf steepened last week as cargo awards failed to emerge, brokers said.
Hyundai Mipo Gets Chem Carrier Contract
Hyundai Mipo Dockyard reportedly won a $60 million order to build two chemical carriers. Following this announcement, the builder's orders to build and repair vessels so far this year to $980 million.