Del Toro Aims to Jumpstart U.S. Shipbuilding via Korea Investment
During a recent visit to Korea, U.S. Secretary of the Navy Carlos Del Toro engaged with leading executives from the shipbuilding industry.
Corporate News
Four VLCC's Ordered from South Korea by DHT
DHT Holdings has finalized contracts for the construction of four very large crude carriers (VLCCs) in South Korea, with deliveries during 2026.
Euroseas Fits Out Newbuild with Sights Set Upon Box Market
Euroseas, is leveraging the current uptick in the containership sector by securing a new long-term charter agreement for one of its feeder ships.
UK's Noel Topco Bought by NYK
Japan's Nippon Yusen Kaisha (NYK) has acquired Noel Topco, a holding company based in the UK that encompasses 10 businesses
Intermarine Welcomed by SAL & Jumbo in Heavy Lift Alliance
Jumbo Shipping and SAL Heavy Lift, a specialist in breakbulk and project cargo, have partnered with Intermarine to create a new joint venture.
Ocean Alliance Extends Deal for Five More Years
The consortium of container shipping companies known as the Ocean Alliance has decided to prolong their collaboration for an additional 5 years.
DP World Concession Row Costs Port of Antwerp-Bruges $44m+
The ICSID has ordered the port of Antwerp-Bruges to compensate DP World with €41.3 million ($44.7 million) plus additional costs and Interest.
New Shaper Class Vessels Optioned by Wallenius Willhelmsen
Wallenius Wilhelmsen has exercised options to commission the construction of four more Shaper Class vessels designed for carrying cars and trucks
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
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.