Corporate News

14 Mar 2024

Four New VLCCs Worth $520M Ordered by Ray Car Carriers

Ray Car Carriers has placed an order for four VLCCs with HD Korea Shipbuilding and Offshore Engineering in South Korea for a total of $520 million

Four New VLCCs Worth $520M Ordered by Ray Car Carriers
14 Mar 2024

SEA REWARD Loyalty Scheme Launched by CMA CGM

In a move to mirror the perks of air travel rewards, French shipping company CMA CGM has recently launched a loyalty program for its customers.

SEA REWARD Loyalty Scheme Launched by CMA CGM
13 Mar 2024

Eight Methanol-ready Ultramaxes Ordered from Nantong Xiangyu

Nantong Xiangyu secures contract to build eight 64,000 DWT bulk carriers prepared for methanol fuel with Xiamen Jinxian and COSCO Shipping Bulk.

Eight Methanol-ready Ultramaxes Ordered from Nantong Xiangyu
13 Mar 2024

Hede International Shipping Set to Link Shanghai & LA

Hede (Hong Kong) International Shipping is gearing up to enter the Transpacific shipping lane with a new service that will link Shanghai to LA.

Hede International Shipping Set to Link Shanghai & LA
13 Mar 2024

SAAM Achieves Highest-ever Net Income in 2023

SAAM, a leading provider in the towage sector, recorded an unprecedented net income of US$501 million in 2023.

SAAM Achieves Highest-ever Net Income in 2023
13 Mar 2024

Maersk Considers Potential Acquisition of DB Schenker

The Danish financial newspaper Børsen reports that Maersk, the world's number two shipping company, is considering the purchase of DB Schenker.

Maersk Considers Potential Acquisition of DB Schenker
13 Mar 2024

New West Asian Regional HQ Opened by ONE in Dubai

Ocean Network Express (ONE), the world's sixth-largest container shipping company, has inaugurated its West Asia regional headquarters in Dubai.

New West Asian Regional HQ Opened by ONE in Dubai
12 Mar 2024

$27.4m Sale of D'amico's Oldest Tanker

The Italian shipping company d'Amico International Shipping has finalized the sale of its MR product tanker, the Glenda Melanie for $27.4 million

$27.4m Sale of D'amico's Oldest Tanker
12 Mar 2024

2010 Cape Sold by NGM Energy for $32.5m

In its latest transaction, NGM Energy has offloaded a capesize vessel constructed in 2010 – which it acquired four years ago for $18 million

2010 Cape Sold by NGM Energy for $32.5m
12 Mar 2024

Offshore Contractor DOF Lands Contract with Shell

The Oslo-listed offshore service provider DOF has secured a contract with Norske Shell for subsea services in the Atlantic region.

Offshore Contractor DOF Lands Contract with Shell
12 Mar 2024

Joint Service at Rio de Janeiro Suspended by CMA CGM, Maersk

Maersk and CMA CGM have informed their clients of changes to their combined Bossa Nova/SIRIUS service that links the Med to South America.

Joint Service at Rio de Janeiro Suspended by CMA CGM, Maersk
11 Mar 2024

Latsco Shipping Books Four LR2 Tankers in S. Korea

Latsco Shipping, based in Greece, has placed an order for four LR2 tankers with Hyundai Mipo Dockyard in South Korea.

Latsco Shipping Books Four LR2 Tankers in S. Korea
11 Mar 2024

Sanko Steamship Says Goodbye to Last Vessel

Sanko Steamship has sold its final vessel, the three-year-old, 82,000 deadweight tonnage, Tsuneishi-built Sanko Hawking.

Sanko Steamship Says Goodbye to Last Vessel
11 Mar 2024

Blystad Group's PSV Employed by Shell for One Year

The Blystad Group's Songa Commander, a platform supply vessel, has found a new role working for Shell in the UK North Sea.

Blystad Group's PSV Employed by Shell for One Year
11 Mar 2024

War-Time Grain Exports Record Set by Ukraine

Over 1,000 merchant vessels have navigated through Ukraine's grain corridor in the Black Sea, established seven and a half months ago.

War-Time Grain Exports Record Set by Ukraine