According to a Jan. 20 report from Reuters, Danish shipper Norden A/S (DNORD.CO) has agreed to buy three product tankers from a Turkish owner for about $79m to take advantage of a recovery in freight rates.
Q88 LLC has opened a new office in London. Located in Soho, the cultural center of London's West End district, the office will serve as a hub for business development and client relations.
The International Register of Shipping has submitted goal-based new ship construction standards for verification audit by the International Maritime Organisation.
The South China Sea has become the most important testing ground for the changing economic, political and military relationship between China and the United States.