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.
On August 1, Hamburg Süd will open an office in Nanjing, China, to be headed by general manager Steven Pu. Hamburg Süd now operates from 20 locations in Greater China.
A Florida family scavenging for sunken treasure on a shipwreck has found the missing piece of a 300-year-old gold filigree necklace sacred to Spanish priests, officials said on Tuesday.
Container traffic through Kenya's biggest port grew by 12.8 percent in the first six months of the year after new cargo handling infrastructure was built to shorten the turnaround time for ships.