'It is a sign of how desperate the sector is,' says analyst.

Also finalises agreement with one of its lender to waive certain financial covenants and amend terms of its loan facilities.

Agreement opens 'new perspective' of employment for 14,000 TEUs box ships, it says.

Issues some 323 million of its shares in exchange for shares and debts of an investment holding firm.

Takeover will 'enhance Wartsila's capabilities in the offshore, marine gas applications, and environmental solutions markets.'

Electronic fuel-injection system will reduce bunker consumption and improve combustion efficiency.

Aims to expand operations of its shipping subsidiary Bonny Gas Transport Limited.

Plans to make a share offer to majority shareholders of the London-listed shipbroker.

Investment research firm lowers Aegean's rating to 'underperform.'

PIL to acquire all of PST's issued shares that it does not already hold.