APM Terminals Takes Legal Route to Block ICTSI Durban Port Contract
APM Terminals has initiated legal action in the Durban High Court, seeking to prevent a competitor from Asia from acquiring control of key terminal.
Corporate News
MSC Boasts Largest Capacity for Reefer Containers
MSC solidifies its position as the leader in reefer container capacity, highlighting its dominance in the industry as the largest liner operator.
New York Stock Exchange Approves Hafnia's Common Shares
Hafnia, the largest owner of product tankers globally, disclosed plans for a secondary listing in the United States towards the end of last year.
CNC & COSCO Sign Asian Vessel-Sharing Partnership
COSCO and CNC, a subsidiary of the CMA CGM Group, have finalized a vessel-sharing partnership for operations between China and the Philippines.
Newbuild Deal Struck By Candler and Jiangzhou Shipbuilding
German multipurpose vessel (MPP) expert Candler Schiffahrt has entered into a newbuilding agreement with a revitalized shipyard in China.
Maintenance Robot Created by MOL & Other Japanese Companies
Mitsui OSK Lines, in collaboration with Sumitomo Heavy Industries and other Japanese firms, has introduced a maintenance robot
$195m Drillship Extension for Transocean
Transocean, an offshore drilling contractor, has secured a one-year contract extension for an ultra-deepwater drillship in the US Gulf of Mexico.
MSC Follows CMA CGM's Lead Into the Media Business
Following the example set by CMA CGM, affluent Mediterranean Shipping Co, established by Gianluigi Aponte, has ventured into the media industry.
Davie Awarded First Government Contract for Six Icebreakers
Davie announces it has secured its inaugural contract under the National Shipbuilding Strategy (NSS) from the Government of Canada.
Shipbuilding Risk Cover Launched at Lloyd's of London
The formation of the Builders’ Risk Consortium is a collaborative effort between Apollo, Munich Re, and Tokio Marine HCC International.
COSCO SHIPPING & CITIC Group Ink Cooperation Deals
Earlier in March, COSCO SHIPPING made headlines by entering into two significant cooperation agreements in Shanghai.
Four Options Added to Car Carrier Series by Wallenius Wilhelmsen
Wallenius Wilhelmsen has expanded its order for environmentally friendly ships with an additional four vessels capable of using methanol for fuel
Majority Stake in Gopalpur Port Purchased by Adani
Adani Ports and Special Economic Zone (APSEZ) of India has finalized a deal to acquire a 95% share in Gopalpur Port Limited.
ONE Announces Plan to Expand Fleet to 3m TEU by 2030
ONE, ranked as the sixth largest shipping line globally, has unveiled a plan to expand its operating capacity to 3 million TEU by 2030.
UK Court Rules in Favor of Victor Restis in Debt Dispute
In a legal battle in London, Greek shipping magnate Victor Restis emerged victorious against Amanda Staveley, co-owner of Newcastle United, over debt
MSC Acquires 42% Stake in Logistics Specialist Clasquin
Maritime heavyweight MSC has, through its affiliate Shipping Agencies Services, agreed to purchase a 42% share in freight forwarding company Clasquin
Swire Renewable Energy & Tien Li Offshore Wind Technology Join Forces
Swire Renewable Energy is joining forces with Tien Li Offshore Wind Technology, a Taiwanese manufacturer of wind turbine blades.
Norwegian Shipowners’ Association Welcomes New CEO
The Norwegian Shipowners' Association has named Knut Arild Hareide, the nation's ex-minister of transport, as its forthcoming chief executive.
Itochu & U-Ming Singapore Sign MoU for Ammonia Dual-Fuel Bulkers
U-Ming Marine Transport has entered into a MoU with the Japanese conglomerate Itochu to co-own and manage ammonia-powered dual-fuel bulk carriers
New Warehouse Facility in Mexico for Maersk
Maersk has recently launched a new logistics center spanning 30,000m² in Tijuana, Mexico, aimed at enhancing cross-border trade for clients.