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.
Corporate News
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.
LNG-Powered Car Carrier, Cerulean Ace, Delivered to MOL
The Cerulean Ace, a new LNG-powered car carrier, was recently received by Mitsui O.S.K. Lines (MOL) from Shin Kurushima Dockyard.
Hapag-Lloyd Extends Habben Jansen's Contract to 2029
Rolf Habben Jansen has guided the company to its highest profits to date sees his Hapag-Lloyd tenure as CEO renewed until 2029.
Four New VLCCs Worth $520M Ordered by Ray Car Carriers
Ray Car Carriers has placed an order for four VLCCs with HD Korea Shipbuilding and Offshore Engineering in South Korea for a total of $520 million
SEA REWARD Loyalty Scheme Launched by CMA CGM
In a move to mirror the perks of air travel rewards, French shipping company CMA CGM has recently launched a loyalty program for its customers.
Eight Methanol-ready Ultramaxes Ordered from Nantong Xiangyu
Nantong Xiangyu secures contract to build eight 64,000 DWT bulk carriers prepared for methanol fuel with Xiamen Jinxian and COSCO Shipping Bulk.
Hede International Shipping Set to Link Shanghai & LA
Hede (Hong Kong) International Shipping is gearing up to enter the Transpacific shipping lane with a new service that will link Shanghai to LA.
SAAM Achieves Highest-ever Net Income in 2023
SAAM, a leading provider in the towage sector, recorded an unprecedented net income of US$501 million in 2023.
Maersk Considers Potential Acquisition of DB Schenker
The Danish financial newspaper Børsen reports that Maersk, the world's number two shipping company, is considering the purchase of DB Schenker.
New West Asian Regional HQ Opened by ONE in Dubai
Ocean Network Express (ONE), the world's sixth-largest container shipping company, has inaugurated its West Asia regional headquarters in Dubai.
$27.4m Sale of D'amico's Oldest Tanker
The Italian shipping company d'Amico International Shipping has finalized the sale of its MR product tanker, the Glenda Melanie for $27.4 million
2010 Cape Sold by NGM Energy for $32.5m
In its latest transaction, NGM Energy has offloaded a capesize vessel constructed in 2010 – which it acquired four years ago for $18 million
Offshore Contractor DOF Lands Contract with Shell
The Oslo-listed offshore service provider DOF has secured a contract with Norske Shell for subsea services in the Atlantic region.
Joint Service at Rio de Janeiro Suspended by CMA CGM, Maersk
Maersk and CMA CGM have informed their clients of changes to their combined Bossa Nova/SIRIUS service that links the Med to South America.