Corporate News

28 Feb 2024

Hede Int. Shipping Added to Controlled Carrier List by FMC

This classification means Hede (HONGKONG) International Shipping Limited will be included on the Commission’s Controlled Carrier List.

Hede Int. Shipping Added to Controlled Carrier List by FMC
27 Feb 2024

Wartsila's New Ammonia Fuel Supply System Snapped Up by Exmar

Two new medium gas carrier vessels being constructed for Exmar LPG at Hyundai Mipo Dockyard in S. Korea will be equipped with Wärtsiläs’ AFSS.

Wartsila's New Ammonia Fuel Supply System Snapped Up by Exmar
27 Feb 2024

DP World Chasing Solar Power Opportunity with Masdar

DP World has joined forces with Masdar, AKA Abu Dhabi Future Energy Company, to explore the use of solar energy across DP World's locations.

DP World Chasing Solar Power Opportunity with Masdar
27 Feb 2024

Developing Nation Energy Trader Convicted of Bribes

Federal jury in U.S. find former trader for Vitol guilty of participating in bribery & money laundering operation aimed at Latin America.

Developing Nation Energy Trader Convicted of Bribes
27 Feb 2024

Fastest Growing Ship Register Doubles Size in One Month

Last year, Gabon, a nation along the Atlantic coastline of Central Africa, was identified as the shipping registry with the quickest growth.

Fastest Growing Ship Register Doubles Size in One Month
26 Feb 2024

CMA CGM Increases Offer to Acquire Logistics Co. Wincanton

French shipping giant CMA CGM escalated its bid to acquire Wincanton, a UK logistics company, offering approximately $766 million in cash.

CMA CGM Increases Offer to Acquire Logistics Co. Wincanton
26 Feb 2024

Sanko Steamship Prepares to Leave Shipping Industry

A prominent figure in the annals of Japanese maritime commerce, Sanko Steamship, is on the verge of halting its shipowning activities.

Sanko Steamship Prepares to Leave Shipping Industry
26 Feb 2024

PGS Clinches 3D Survey Agreement for Med Oil Gas Exploration

PGS, a seismic company listed on the Oslo stock exchange, has received a 3D project in the Mediterranean from an undisclosed energy company.

PGS Clinches 3D Survey Agreement for Med Oil Gas Exploration
26 Feb 2024

JP Morgan Secures Profitable Gains in Cape Sale

JP Morgan has emerged from the shadows this month, becoming one among numerous shipping entities involved in active capesize market transactions.

JP Morgan Secures Profitable Gains in Cape Sale
22 Feb 2024

Leadership Shift at Fleet Management

Fleet Management Limited (FLEET) is on the lookout for a new MD following the decision by co-founder Kishore Rajvanshy to relinquish his role.

Leadership Shift at Fleet Management
22 Feb 2024

Minerva Marine Says Farewell to Its Oldest Capesizes

Minerva Marine of Greece has capitalized on the thriving dry bulk market by selling its most aged capesize ships.

Minerva Marine Says Farewell to Its Oldest Capesizes
20 Feb 2024

Two More VLCCs from New Times Ordered by Magni Partners

Magni Partners, has increased its order for Very Large Crude Carriers (VLCCs) from China's New Times Shipbuilding.

Two More VLCCs from New Times Ordered by Magni Partners
19 Feb 2024

Orix Assumes Ownership of Osaka's Premier Shipowner

The recent acquisition of Santoku Senpaku by Japanese financial services company Orix Corporation, amounts to a significant $2 billion deal.

Orix Assumes Ownership of Osaka's Premier Shipowner
19 Feb 2024

Western Bulk CEO Resignation Sparks Leadership Shift

Hans Aasnæs is relinquishing his role as the chief executive officer at Western Bulk Chartering, a Norwegian dry bulk operator.

Western Bulk CEO Resignation Sparks Leadership Shift
19 Feb 2024

K Line Acquires French Kite Manufacturer to Enhance Position

Primary customer of a ship kite system, originally crafted by Airbus, is so enthusiastic about the product they decide to purchase the company.

K Line Acquires French Kite Manufacturer to Enhance Position