According to a report from Market Intelligence Center, Teekay Tankers Ltd. (TNK) was downgraded on June 22 by analysts at EVA Dimensions, LLC and the stock is now at $9.35, down $0.12 (-1.27%) on volume of 146,776 shares traded.
China Shipping Container Lines Co is planning to buy around 10 ultralarge container ships for around $1.5 billion, despite the shipping industry struggles with a capacity glut, reports WSJ.
The closed-door talks on what is believed to be merger discussions between Cosco and China Shipping continue, reports local media.
According to JoC, the Chinese
French shipping giant CMA CGM, reported a 66.7% jump in net profit to $156m in the second quarter of 2015. The result compared to a $94m net profit in the same period a year earlier.