Saudi Arabia Welcomes New Container Shipping Line
Saudi Arabia sees the inception of a new feeder & short-sea shipping venture aimed at establishing connections between the kingdom & Red Sea ports
28 Feb 2024
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Investor Issues in U.S. Hamper CMB’s Euronav Takeover
FourWorld Capital Management, through funds it manages, has lodged a legal challenge in a US District Court against the bid by CMB.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.