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Sources close to the matter said that Gulf-based bidders have emerged for the part-owned subsidiary of United Arab Shipping Company (UASC) whose sale is key to finalizing the merger between UASC and German container...

Posted By : Sanju Moirangthem 11 hours 57 minutes ago
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While the global shipbuilding sector is suffering its worst crisis in decades, German shipyards are receiving record numbers of orders for merchant vessels. Yet, weak global demand and increasing protectionism have set...

Posted By : Sanju Moirangthem 12 hours ago
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CMA CGM has registered strong increase in shipping volumes and revenue in the first quarter (January-March) of 2017. Last week, the Board of Directors of CMA CGM Group had met under the Chairmanship of Mr Jacques R....

Posted By : Sanju Moirangthem 12 hours 4 minutes ago
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With the opening of Phase 4 of the 5.2-million TEU capacity Qingdao New Qianwan Container Terminal (QQCTN), Asia’s first fully-automated container terminal has started operations in China.

Posted By : Sanju Moirangthem 12 hours 7 minutes ago
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A cooperation framework agreement has been signed between Pacific International Lines (PIL) Group, the Nanning Municipal Government and the Guangxi Department of Commerce to develop the Singapore-Guangxi Integrated...

Posted By : Sanju Moirangthem 12 hours 9 minutes ago
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According to an official statement, which will be deployed in services operated by The Alliance, with the aim of growing its overall fleet while reducing average vessel age, Yang Ming has chartered two vessels (YM Wind...

Posted By : Sanju Moirangthem 12 hours 13 minutes ago
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Hapag-Lloyd finished the first three months of the current financial year 2017 with a positive operating result in spite of higher bunker prices. The transport volume increased by 6.8 per cent year-on-year to more than...

Posted By : Sanju Moirangthem 12 hours 16 minutes ago
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Coralius, the first European built LNG bunker and distribution vessel was named Monday 22 May by Johanna Lamminen, Chair of the Board of Skangas and Chief Executive Officer of Gasum.

Posted By : Sanju Moirangthem 12 hours 21 minutes ago
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Tanker freight market experiences significant headwinds, with some spot market segment TCE rates down over 40* per cent year-on-year. However, diversified fleet and balanced freight policy enable SCF Group to outperform...

Posted By : Sanju Moirangthem 12 hours 25 minutes ago
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Scorpio Tankers Inc. announced that it has entered into definitive agreements to merge with Navig8 Product Tankers Inc. (NOTC: EIGHT) (“Navig8”) and acquire Navig8’s 27 operating product tankers (the “Merger”).

Posted By : Sanju Moirangthem 12 hours 29 minutes ago
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