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.
Corporate News
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.
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.
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.