(SeeNews) - Feb 22, 2012 - US dry bulk operator Genco Shipping & Trading Ltd (NYSE:GNK) registered on Tuesday a 2011 net profit of USD 25.4 million (EUR 19.2m) versus USD 141.2 million in 2010 due to decreasing charter rates.
Water Transport
(SeeNews) - Feb 22, 2012 - Thai marine transportation company Precious Shipping PCL (BAK:PSL) today said that through a subsidiary it had agreed to buy a second-hand bulk carrier from an Indian company for USD 16.7 million (EUR 12.6m).
Water Transport
(SeeNews) - Feb 22, 2012 - Marshall Islands-based Scorpio Tankers Inc (NYSE:STNG) said today it had agreed to sell three of its Handymax vessels to undisclosed buyers for a total consideration of USD 53.4 million (EUR 40.4m).
Water Transport
(SeeNews) - Feb 22, 2012 - Marshall Islands-based oil shipping company Scorpio Tankers Inc (NYSE:STNG) said on Tuesday it had placed an order with Korea’s Hyundai Mipo Dockyard Co Ltd (SEO:010620) for a USD-36-million (EUR 27.2m) MR product tanker.
Water Transport
Shipbuilding
DEALS
Precious buys bulk carrier for USD 16.7m
(SeeNews) - Feb 22, 2012 - Thai marine transportation company Precious Shipping PCL (BAK:PSL) today said that through a subsidiary it had agreed to buy a second-hand bulk carrier from an Indian company for USD 16.7 million (EUR 12.6m).
RENEWABLES
Cool Planet reaches 4,000 lbs/acre biomass-to-gasoline yield
(SeeNews) - Feb 22, 2012 - US biofuel technology developer Cool Planet BioFuels today said it had achieved a yield of 4,000 gallons of cellulosic gasoline (15,140 litres) per acre of giant miscanthus plantations in pilot tests, using a new technology.
M & A
Poland to negotiate sale of state-owned wire products maker
(SeeNews) - Feb 22, 2012 - Poland's treasury, the ministry in charge of state assets, invited today interested parties for negotiations on the sale of state-owned wire products maker Fabryka Przewodow Energetycznych SA.
WORLD
ABN Amro removes PostNL from top picks
(SeeNews) - Feb 22, 2012 - ABN Amro removed Dutch mail company PostNL (AMS:PNL) from its list of favourite stocks for the Benelux region.