Fairplay Daily News

• Trading result lifts HSH May 23, 2013
  EMBATTLED shipping bank HSH Nordbank surprised today by reporting 1Q net profits of €73M ($94.23M), aided by write-backs on financial instruments. […]
• Ezion issues $87M in notes May 23, 2013
  SINGAPORE-listed Ezion Holdings said today it has issued S$110M ($87M) notes under its S$500M multicurrency debt issuance programme. […]
• SSC's profits fall 43% May 23, 2013
  SINGAPORE Shipping Corp posted a 43% drop in profits to $1.2M for its fourth quarter ended on 31 March. […]
• Four box groups combine on CAT loop May 22, 2013
  EVERGREEN Marine, PIL, Sinotrans and Yang Ming have agreed to co-operation on routes from Ningbo to Taiwan and Australia. […]
• Baltic Trading plots growth May 22, 2013
  NYSE-listed Baltic Trading today priced a small follow-on offering at a steep discount to raise funds for fleet growth. […]
• OXL and Hanssy ally May 22, 2013
  BELGIAN heavy-lift carrier OXL and its general agent Flamar have formed an alliance with Chinese project carrier Hanssy Shipping. […]
• APMT's profits drop May 22, 2013
  APM TERMINALS has reported a 27% 1Q13 drop in net profits to $166M, but said this was largely the result of 1Q12 profits being propped up by asset sales. […]
• London P&I returns to profits May 22, 2013
  THE LONDON P&I Club today reported a return to profits in the last underwriting year and an increase in free reserves. […]
• West of England P&I raises its free reserves May 22, 2013
  WEST OF England P&I club, the mutual liability underwriter, said today it had the highest rate of claims ever in the most recent policy year yet still increased its free reserves. […]