CMA CGM & Saudi's Folk Maritime Collaborate on Red Sea Service
French shipping giant CMA CGM is teaming up with Folk Maritime, an emerging feeder and short-sea navigation company based in Saudi Arabia.
Corporate News
New Jiangzhou Shipbuilding Wins First Foreign Order
New Jiangzhou Shipbuilding, previously known as Jiangzhou Union Shipbuilding has secured its first international order since its revival last year
Second Time Lucky for Standard Supply's Final PSV Sale
The Oslo-listed PSV investment company, Standard Supply, has successfully sold its final vessel after an initial deal fell through.
Transpacific TP20 Service Reinstated by Maersk
Maersk is set to enhance its service network between Asia and the US East Coast by reintroducing the TP20 service.
Shells Sells Its 50% Stake in SouthCoast Wind Energy
Shell has divested its 50% ownership in SouthCoast Wind Energy, a venture aimed at developing wind energy projects off the Massachusetts coast.
Carlyle Group Aims to Buy Into thyssenkrupp Marine Business
Shipbuilding in Germany may experience change as America's Carlyle Group initiates talks to acquire a stake in thyssenkrupp's marine division.
Studio 30 50 Launches First European Cohort in Denmark
Studio 30 50, based in Singapore, is making its foray into Europe with the launch of its inaugural start-up cohort in Copenhagen.
ASCO Sees Three Big Contracts Extended to Tune of $25m
Energy supply chain specialist ASCO has secured three contract renewals valued at over $25 million in aggregate.
MoU Signed to Sell Off two of ESL Shipping's Supramaxes
ESL Shipping enters agreement to divest two Supramax class ships, Arkadia and Kumpula, to entities under the HGF Denizcilik Limited Sirket group.
Seventh Regional Office Opened by IMO in Fiji
the IMO is set to establish its seventh Regional Presence Office in Suva, Fiji, following a Memorandum of Understanding signed on March 18th.
Ultramax Newbuild Contract Won by China's New Dayang
Chinese shipbuilder New Dayang has clinched new orders for ultramax bulk carriers from China Construction Bank (CCB) Financial Leasing.
Maersk Supply Service Inks Deal with Shell for Support Craft
Maersk Supply Service, headquartered in Denmark, has secured a deal with Shell to utilize its subsea support vessel, the Maersk Achiever.
StormGeo Takes Over Brazil-Based Weather Forecast Specialist
StormGeo, a Norwegian weather intelligence company, has acquired the remaining shares of Climatempo, a weather forecasting firm based in Brazil.
New Service Network Debuted by OCEAN Alliance
The OCEAN Alliance, comprised of maritime giants CMA CGM, COSCO, Evergreen, and OOCL, has unveiled its refreshed service offering.
Top French Rolling News Channel in Takeover Bid by CMA CGM
Rodolphe Saadé is making strides to acquire France's premier rolling news network, enhancing his media portfolio with substantial financial backing
S’hail Shipping Makes Tidy Profit on Rusty Panamax
Qatari shipping company S’hail Shipping has successfully sold an aged panamax at a profit to the rapidly expanding Vietnamese Hoanh Son Group.
LPG/Ammonia Carrier Named by Astomos Energy & NYK
NYK, in partnership with Astomos Energy Corporation recently celebrated the naming ceremony for their newly constructed LPG/Ammonia carrier.
UK Visa Law Changed Creating Potential Issue for Seafarers
Adjustments to British visa policies may put international crew at risk of being marooned in the UK should there be outstanding healthcare fees.
Global Freight Forwarding Network Launched by DP World
DP World, headquartered in Dubai, has launched its newest addition to the extensive network of over 100 freight forwarding offices worldwide.
Seapath Launches Jones Act Leasing Business
Seapath, a subsidiary of the Libra Group, has initiated a Jones Act leasing operation, having already completed initial transactions worth $25M.