KBC Securities downgraded its rating on Belgian shipping company CMB SA to "accumulate", due to various factors which could pressure its business. "We have decided…
Small Tanker Companies Have Edge In 2001
Tanker companies have been pumping out impressive results in recent weeks but it is the owners of smaller ships that have led the field and will continue to do so in 2001, analysts said.
Kvaerner Posts Good Results
Kvaerner posted better-than-expected 2000 profits and outlined plans to split into three companies, hoisting its share up more than five percent. The company said…
Vopak To Sell Dry Goods Line
Vopak NV plans to sell its dry goods line agent business to unlisted Dutch freight transport and logistics company Royal Burger Groep. No financial details of the transaction were released.
Three Sailors Die When Fishing Boat Sinks
Three Egyptian sailors died and four are missing at sea after their fishing boat sank in bad weather off the coast of Port Said, the state-owned Middle East News Agency (MENA) said.