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Shipowner calls on Cosco to remain reliable
The Greek shipowner most heavily involved in a dispute over charter rates with China’s Cosco calls on the group’s management to maintain its reputation as a reliable business partner after an unscheduled change of chief executive
DP World buoyed by strong container trade
First-half volumes up 11% on last year at world’s leading port operator
Cosco’s market processes lead to concerns
Baltic Exchange chief executive expresses concern after the Chinese shipping group apparently reneged on contracts with several shipowners
WL Ross readies shipping push
Distressed-asset investor plans to take advantage of an overcapacity induced slump to become a significant force
Maersk chief ‘not gloomy’ after container earnings fall
Full-year result expected to fall short of its record $5bn profit in 2010 in spite of strong performance in oil and gas activities
NOL warns of loss as container shipping slides
Singapore line produces some of the clearest evidence so far that container shipping faces a renewed downturn
Hutchison cautious despite profit increase
The Asian conglomerate reports a sevenfold increase in first half net profit but overall results fall short of bullish market expectations
TomTom to take €512m charge
The company, which had depressed expectations last month with a profit warning, reported €314m in sales for the second quarter beat its forecasts
S America and Africa seen as port hot spots
New trade routes will link the regions more tightly into the world trade system, according to one of the main contributors to new research
Russia’s Global Ports raises $500m in London listing
The offering is priced at the bottom of the group’s intended price range, valuing the Russian owner of container and oil product terminals at $2.35bn