Corporate News

23 Jan 2024

Wallenius Wilhelmsen Progresses with Fleet Growth

Vehicle transport specialist Wallenius Wilhelmsen finalize multi-year transport deal with a South Korean construction equipment manufacturer.

Wallenius Wilhelmsen Progresses with Fleet Growth
19 Jan 2024

Pertamina Plans to Join Indonesia Stock Exchange in 2025

In an attempt to generate funds for their ambitious fleet expansion project, Indonesia’s Pertamina International Shipping plan to go public in 2025

Pertamina Plans to Join Indonesia Stock Exchange in 2025
19 Jan 2024

Van Oord Takes Charge of Pivotal FSRU Jetty Construction in DE

Van Oord secures contract from FSRU Wilhelmshaven, a venture between ENGIE and TES for construction of FSRU jetty in Wilhelmshaven, Germany.

Van Oord Takes Charge of Pivotal FSRU Jetty Construction in DE
17 Jan 2024

RCL Expands Fleet with Order for Four Boxships from China

Several brokerage report RCL, a Thai shipping company, has ventured to southern China for the procurement of four 4,400 TEU vessels.

RCL Expands Fleet with Order for Four Boxships from China
17 Jan 2024

Financial Turmoil Hits Leading Shipbuilder in Vietnam

Vietnam shipbuilder SBIC formerly Vinashin, is poised for bankruptcy as numerous attempts to restructure the company have proven unsuccessful.

Financial Turmoil Hits Leading Shipbuilder in Vietnam
16 Jan 2024

Euronav Plans for 120 Low-Carbon Ships Under New CEO Saverys

Alexander Saverys, recently appointed CEO of the tanker giant following a takeover battle, discussed how he views the Euronav fleet evolving.

Euronav Plans for 120 Low-Carbon Ships Under New CEO Saverys
15 Jan 2024

TFG Marine Supports Fratelli Cosulich’s Methanol Dual-Fuel Tech

The Italian maritime firm Fratelli Cosulich has placed an order for its inaugural methanol dual-fuel chemical bunker tanker.

TFG Marine Supports Fratelli Cosulich’s Methanol Dual-Fuel Tech
15 Jan 2024

Fleet Modernization: Frontline Phases Out Five Senior VLCCs

John Fredriksen's maritime enterprise, Frontline, has officially announced the sale of its five most senior Very Large Crude Carriers (VLCCs).

Fleet Modernization: Frontline Phases Out Five Senior VLCCs
11 Jan 2024

MOL's Game-Changing Investment in Wind Turbine Maintenance

MOL is expanding its commitment to the offshore wind industry through a partnership with Hokutaku, a company specializing in wind turbine maintenance.

MOL's Game-Changing Investment in Wind Turbine Maintenance
11 Jan 2024

ZIM Elevating Container Monitoring with Advanced Tracking Tech

The global container fleet is moving towards enhanced intelligence as ZIM declares investment in tracking devices for its dry van container fleet

ZIM Elevating Container Monitoring with Advanced Tracking Tech
10 Jan 2024

Nakilat Commissions Six New Gas Carrier Builds in S. Korea

Nakilat, a leading Qatari company in liquefied natural gas (LNG) shipping, is significantly expanding its fleet by adding six new gas carriers.

Nakilat Commissions Six New Gas Carrier Builds in S. Korea
3 Jan 2024

IMarEST Appoints New Chief Executive

The Institute of Marine Engineering, Science & Technology (IMarEST) has officially announced Chris Goldsworthy as new chief executive officer.

IMarEST Appoints New Chief Executive
2 Jan 2024

Guangzhou Wenchong to Construct Methanol-Powered Vessels

Maersk has selected a shipyard in the southern region of China to construct its upcoming series of vessels powered by methanol.

Guangzhou Wenchong to Construct Methanol-Powered Vessels
2 Jan 2024

Italian Liner Company Moves Forward with Liquidation Filing

Kalypso Compagnia di Navigazione, a liner company based in Genoa, has officially initiated the liquidation process.

Italian Liner Company Moves Forward with Liquidation Filing
2 Jan 2024

13-Year Jail Sentence for Former Chinese Shipbuilding Head

Hu Wenming, former chairman of state-owned China Shipbuilding Industry Co (CSIC), has been sentenced to 13 years in prison and fined $700,000.

13-Year Jail Sentence for Former Chinese Shipbuilding Head