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Month: December 2010

Vigor Industrial buying Todd Shipyards for $130M

Todd Shipyards Corp. said it’s being purchased by Vigor Industrial LLC of Portland, Ore., for $130 million. The 94-year-old Seattle shipyard (NYSE: TOD) operates Todd Pacific Shipyards Corp., the largest private shipyard...

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Cargill profits ‘to stay short of 2008 levels’

Cargill’s profits are to rise – but will not hit the bumper levels of three years ago, Fitch Ratings has forecast, noting a, small, downside to the company from soaring crop prices. While Fitch gave no reason for its...

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Shipping firms to contain problem in Vietnam

Foreign shipping lines have been left at sea by unclear liquidation procedures for abandoned containers at Vietnam’s ports. “Retarded liquidation of goods has caused huge losses to us as we have to pay high leasing costs for...

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