Corporate News

15 Apr 2024

Qatar Jackup Rig Contract Signed by ADES

Saudi Arabian oil and gas drilling company Advanced Energy Services has been awarded a contract for a jackup rig in Qatar by the TotalEnergies.

Qatar Jackup Rig Contract Signed by ADES
12 Apr 2024

S. Korea PM Pledges $4B to Grow Country's Containership Fleet

S. Korea PM Pledges $4B to Grow Country's Containership Fleet
12 Apr 2024

CMA CGM Rate Restoration Announced for N. Europe & Med to N. America

CMA CGM is launching Rate Restoration Initiative 4 which will affect shipments from North European and Mediterranean ports heading to N. America.

CMA CGM Rate Restoration Announced for N. Europe & Med to N. America
11 Apr 2024

Stena Drilling Wins Offshore Morocco Contract

Stena Drilling, an Aberdeen-based affiliate of Sweden's Stena, has secured a contract to drill up to two wells offshore Morocco.

Stena Drilling Wins Offshore Morocco Contract
11 Apr 2024

India-Arabian Gulf Reefer Surcharge Implemented by Hapag-Lloyd

Hapag-Lloyd has introduced a Peak Season Surcharge (PSS) applicable to cargo being transported from India to various ports in the Arabian Gulf.

India-Arabian Gulf Reefer Surcharge Implemented by Hapag-Lloyd
11 Apr 2024

Dascher Expands Its Air & Sea Freight Division

Dachser is broadening the scope of its air and sea freight capabilities by introducing new scheduled Less-than-Container-Load (LCL) services.

Dascher Expands Its Air & Sea Freight Division
10 Apr 2024

Bids for new Terminal Construction Received by Valencia

The Port Authority of Valencia has announced the reception of four bids for the construction of a container quay in the port's northern extension

 Bids for new Terminal Construction Received by Valencia
10 Apr 2024

Scan Baltic Feeder Service Upgraded by ONE

ONE is set to upgrade its Scan Baltic Feeder Services with the implementation of a new service structure in the Scandinavia and Baltic regions.

Scan Baltic Feeder Service Upgraded by ONE
10 Apr 2024

Hafnia Begins Trading on New York Stock Exchange

Hafnia, recognized as the largest company in the product tanker sector, initiated its shares trading on the New York Stock Exchange yesterday.

Hafnia Begins Trading on New York Stock Exchange
10 Apr 2024

Prices of Handy Bulkers Remain Constant

Transaction activity in the dry bulk sector shows signs of slowing, mirroring the decline of the Baltic Dry Index, which has seen a reduction since mid March.

Prices of Handy Bulkers Remain Constant
10 Apr 2024

Former Chairman of Guangzhou Port Placed in Custody

Li Yibo, previously serving as the chairman of Guangzhou port, is now under the custody of anti-corruption officials.

Former Chairman of Guangzhou Port Placed in Custody
9 Apr 2024

FourWorld Capital Management Files New Claim in Antwerp

An American investment firm, FourWorld Capital Management, based in New York, has initiated a new legal challenge in Belgium targeting Euronav.

FourWorld Capital Management Files New Claim in Antwerp
9 Apr 2024

Wallenius Wilhelmsen Signs $1B Contract in Premium Car Sector

Wallenius Wilhelmsen, the leading operator of RoRo vessels globally, has entered into a substantial multi-year agreement with a top-tier company.

  Wallenius Wilhelmsen Signs $1B Contract in Premium Car Sector
9 Apr 2024

ZIM Overtakes Yang Ming in Global Liner Rankings

Global rankings of liners have seen significant changes, with the Israeli shipping company ZIM surpassing Taiwan's Yang Ming in terms of capacity

ZIM Overtakes Yang Ming in Global Liner Rankings
8 Apr 2024

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.

APM Terminals Takes Legal Route to Block ICTSI Durban Port Contract