Corporate News

14 Jul 2022

6m TEU Surplus Containers Manageable

Per Drewry’s Container Census & Leasing Annual Review & Forecast 2022/23 report, global pool of containers increased by nearly 50m TEU in 2021.

6m TEU Surplus Containers Manageable
14 Jul 2022

Wartsilä Moves to Italy Resulting in 450 Face Layoffs

Wärtsilä announced plans to cut down manufacturing in Italy while it centralizes its European 4-stroke engine building business to Finland.

Wartsilä Moves to Italy Resulting in 450 Face Layoffs
14 Jul 2022

Israel Sells Haifa Port for $1.2 Billion

Israel sells major trade hub on the Mediterranean coast Haifa Port. India’s Adani Ports & Gadot win bid for 4.1 billion shekels ($1.18 billion).

Israel Sells Haifa Port for $1.2 Billion
14 Jul 2022

Families of Beirut Port Victims File Lawsuit in US

Family of the victims of Lebanon’s 2020 port blast filed a $250m lawsuit in Texas against a US firm for its suspected links to the tragedy.

Families of Beirut Port Victims File Lawsuit in US
13 Jul 2022

Green Hydrogen Plant To Be Developed in Amsterdam Port

Hydrogen company HyCC launched a project called Project H2era that plans to construct a 500MW green hydrogen plant in the Amsterdam port.

Green Hydrogen Plant To Be Developed in Amsterdam Port
13 Jul 2022

China Exports Recovers, Global Risks Weaken

As factories hopped-up after COVID lifting lockdown China’s exports increased at highest speed in 5 months in June. But rocky roads are ahead.

China Exports Recovers, Global Risks Weaken
13 Jul 2022

Singapore Still World's Top Maritime Hub

Singapore keeps status as the top maritime hub for the 9th consecutive year in the Xinhua-Baltic Int. Shipping Centre Development Index Report

Singapore Still World's Top Maritime Hub
11 Jul 2022

Euronav & Frontline Merge in an All-Stock Deal

Belgian Euronav NV & Norwegian Frontline sign definitive combination agreement to merge aiming to create a global independent oil tanker operator

Euronav & Frontline Merge in an All-Stock Deal