Bay-Houston Towing Co. has taken delivery of another of their innovative Z-Tech 7500 tugs. The Z-Tech 7500 design is the largest of the Robert Allan line of Z-Tech tugboats. The Lexie M was delivered to Bay-Houston on July 8, 2008.
China Shipping Container Lines Co is planning to buy around 10 ultralarge container ships for around $1.5 billion, despite the shipping industry struggles with a capacity glut, reports WSJ.
French shipping giant CMA CGM, reported a 66.7% jump in net profit to $156m in the second quarter of 2015. The result compared to a $94m net profit in the same period a year earlier.
China Merchants Energy Shipping Co., Ltd (CMES), the dry and wet bulk arm of state conglomerate China Merchants Holdings (International) Company Limited, has set