In the EU journal Parliament, Portuguese Member of European Parliament João Ferreira has proposed a five-point plan to stimulate growth in the EU shipbuilding industry.
General Maritime Corp, which operates crude oil tankers, will acquire Navig8 Crude Tankers Inc in a stock-for-stock deal, the two companies said in a statement.
Unfazed by the tough market conditions that the shipping industry is faced with, Malaysian Bulk Carriers Bhd (Maybulk) said it will move forward with fleet renewal activities.
Hamburg Sud has entered into a long-expected purchase agreement for Chilean shipping line CCNI (Compania Chilena De Navigacion Interocea) for an undisclosed sum.
The port of Ho ChiMinh City is expected to lead the way in terms of tonnage throughput handled in 2015. The port of Da Nang, however, is expected to outperform
The German shipbuilder Nordic Yards is considering constructing shipyards in Russia, in particular in the Far East.
The owner of the shipbuilder, Vitaly Yusufov
Gail India Ltd has scrapped a tender that would have led to the construction of three massive liquefied natural gas (LNG) carriers at Indian shipyards.
The credit profile of CMA CGM S.A. (CMA) is more robust than that of competitor Hapag-Lloyd AG (HL) on account of its higher profitability, bigger market share and more diverse geographic presence,
Shipping alliances will lead to market convergence and will reinforce the risk of reducing service quality and sailing frequency as well as free choice for manufacturers and retailers,
German liner company Hamburg Sud said it expects to seal the acquisition of the container shipping operations of Chilean shipping group Compania Chilena de Navegacion
The shipping ministry of India had circulated a draft policy note seeking comments from various ministries ahead of its submission to the cabinet. But the finance
DOF’s subsidiary Norskan Offshore in Rio de Janeiro, Brazil, has entered an agreement to sell five ships operating in Brazil. The ships included in the agreement are Skandi Copacabana,
Japanese freight carrier Kintetsu World Express Inc is buying Singapore's APL Logistics for US$1.2 billion, paying a higher than anticipated price for an overseas
Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (Hamburg Süd) has signed a sale and purchase agreement to acquire the container liner activities of Compañía
India's largest private sector shipping firm Great Eastern Shipping Company Ltd. (GE Shipping) has signed a contract to sell a 1996-built capesize dry bulk carrier Jag Arjun by this March-end.
Golar LNG Ltd has completed the sale and delivery of the LNG carrier Golar Viking to PT Perusahaan Pelayaran Equinox (Equinox) for US$135 million.
Keppel FELS Limited has delivered the ultra-harsh jackup rig, Maersk Integrator, to Maersk Drilling, a wholly owned subsidiary of A.P. Moller - Maersk A/S, thirty days ahead of schedule,
Following the recent announcement ordering 10 drybulk vessels, Cosco Group announced that it has sold eight old bulkers with a total capacity of 553,798 dwt for scrapping.
Hafnia Tankers Ltd have entered into an agreement to acquire 4 LR1 product tankers.
This acquisition confirms the commitment of Hafnia Tankers and its stakeholders
The establishment of more shipyards remains an effective strategy to tackle the nagging problem of unemployment in Nigeria, says Ayorinde Adedoyin, ship owner