MPC Capital posts first-quarter loss

GERMAN KG financing company MPC Capital has ended the first quarter of the year with a loss, despite making a profit in its operating business. The Hamburg group’s operating profits came to €2.8m ($3.6m),

Lloyd's List , 17 May 2012

German shipbuilders renew call for political support

GERMAN shipbuilders are still struggling to put their business back on a solid footing as the order intake remains below expectations. “The re-orientation towards the hi-tech and growth markets

Lloyd's List , 17 May 2012

DVB Bank’s first quarter profits slide

GERMAN transport finance specialist DVB bank has seen profits shrink in the first quarter of 2012 amid turmoil in major shipping markets. Net results for the first three months of the year fell to €17.5m

Lloyd's List , 15 May 2012

Norden boss on alert for cheap tonnage in poor market

IT MAY be a weak market in the dry bulk sector, but for Copenhagen-listed Norden this represents an opportunity for additional fleet expansion. Despite the current oversupply of dry bulk

Lloyd's List , 15 May 2012

Transatlantic’s losses deepen

WEST of Sweden-based Transatlantic has given itself until September to implement cost-saving measures aimed at improving its fortunes. Transatlantic is made up of two separate divisions, namely Viking Supply Ships,

Lloyd's List , 15 May 2012

Dockwise makes another bid for Fairstar

DOCKWISE, the Dutch specialist in heavylift and marine services, has made an unconditional mandatory offer of NKr 9.3 ($1.57) per share for Fairstar, a heavylift specialist. In April, the same offer price per

Lloyd's List , 15 May 2012

DVB Bank sees first-quarter profits slump

GERMAN transport finance specialist DVB Bank has seen its profits shrink due to the continuing turmoil in the major shipping markets, with its net result falling to €17.5m ($22.5m) for the first three

Lloyd's List , 15 May 2012

China announces stimulus package

THE CHINESE government relaxed capital requirements for the country’s banks on Monday, effectively releasing up to $63bn into the economy. The move comes shortly after Chinese government sources released

Lloyd's List , 14 May 2012

STX Europe sees new challenges to cruise and ferry orderbook

STX EUROPE, the South Korean-owned shipbuilder, has seen a good start to the year. Its first quarter revenues rose from NKr 4.9bn ($827m) to NKr5.3bn and its order intake and order

Lloyd's List , 14 May 2012

Torm gets more time

TORM , the struggling Copenhagen-listed shipowner with nearly $2bn in debt, has begun to put together the documentation for its restructuring plan and secured another extension of its debt deferral. Bank lenders have given the

Lloyd's List , 14 May 2012