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Fesco is $1bn takeover target as Ports group Summa linked to huge deal to buy Sergei Generalov’s containership and bulker company         Sasebo halts Sanko newbuild as Japanese yard stops construction of cash-strapped owner's VLGC due for delivery next December         CSAV turnaround taking hold as First quarter loss widens but signs of recovery starting to appear with capacity cuts         Marubeni linked to Gavilon as Japanese trading house in talks to buy US grain trader as consolidation wave builds momentum         FreeSeas inks deal to free cash as Agreement with fund manager will allow Ion Varouxakis-led owner to raise funds share sales         Northern hit by idle rigs as John Fredriksen’s other drilling company reports Q1 loss as it prepares rigs for new charters         STX pens $80m newbuilding order as South Korean shipowner looks to spread its wings further in the heavy-lift sector         Oslo-listed owner Dockwise launches unconditional mandatory offer for compatriot heavylift outfit Fairstar without raising bid         China cargo volumes weaken as World’s largest importer sees demand for iron ore and crude ease, but soya bean cargoes see a rebound        
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