Sector
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Gianluigi Aponte blasts China as arrogant
Gianluigi Aponte, founder and chairman of the Geneva-based MSC group, has made clear he is not enamoured with China as…
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Bob Burke warns on risks of investors piling into shipping
Delegates attending last week’s by invitation only Maritime CEO Forum were warned by one of the world’s most famous names…
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Maersk and Oaktree invest in digital freight broker
Loadsmart, a New York-headquartered digital freight broker, has raised $21.6m in series A funding led by Maersk Growth, Connor Capital…
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Seoul extends state aid to more local lines
Fresh from lavishing national flagship HMM with $5.4bn in state funds, newly incorporated Korea Ocean Business Corp has set aside…
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BW puts its first two kamsarmaxes in the shop window
BW Dry Cargo, founded in April 2016, is looking to cash in on rising prices for kamsarmaxes, putting the first…
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Nissen Kaiun contracts four boxships at Tsuneishi Zhoushan
Japan’s Nissen Kaiun has gone to China for a series of boxship orders. No price has been revealed for the…
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NYK LNG carrier fetches highest demo rate of the year
Demo prices are achieving new highs with one old gas carrier managing to notch a very strong $551 per ldt.…
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Subsea 7 awarded Ghana EPCI contract
Norwegian offshore service provider Subsea 7 has been awarded a contract by Tullow for works at the Jubilee field, offshore…
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Star Bulk refinances 26 vessels in loan deal to fund 50 scrubbers
Greek dry bulk owner has entered into a $310m loan agreement which refinances 26 vessels and includes a $70m tranche…
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AVIC International Leasing orders eight ultramax bulkers at Dayang
Chinese financial leasing company AVIC International Leasing has signed shipbuilding contracts with SUMEC Marine for the construction of eight 63,500…
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Huarong Energy disposes of Rongsheng assets
Huarong Energy, formerly Rongsheng Heavy Industries, has officially entered into an agreement with Unique Orient for the disposal of its…
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Yinson FPSO contract terminated
Malaysia’s Yinson Holdings has announced that it has received a termination notice for the floating production storage and offloading (FPSO)…
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IFM Investors buys into Trafigura terminals
Swiss commodity trader Trafigura Group has entered into an agreement with global fund manager IFM Investors to create a joint…
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Skou vows to return Maersk to former financial glory days
In an interview with Danish finance newspaper Berlingske Business, Søren Skou, group CEO of AP Moller-Maersk, has vowed to get…
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Fears grow oil will wash ashore from Med collision
French and Italian authorities have worked hard to contain a big spill in the Mediterranean, however the oil is spreading…
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Hadjipateras fires back as Sohmen-Pao spat rumbles on
Determined to have the last word in the four-month takeover tussle between BW LPG and Dorian LPG, John Hadjipateras, Dorian’s…
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Morten Arntzen talks up the chemical trades
Chemical tankers were deemed one of the best segments for profit growth by multiple panellists at last week’s Maritime CEO…
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Hapag-Lloyd details sulphur cap surcharge
German shipping line Hapag-Lloyd has announced that it will introduce a sulphur surcharge mechanism in preparation for the upcoming IMO…
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Hahn & Co completes SK Shipping takeover
South Korean private equity firm Hahn & Co has completed the buyout of one of the nation’s largest owners, SK…
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Frangou to merge two tanker units
Two Angeliki Frangou tanker vehicles are merging. Navios Maritime Acquisition Corporation and Navios Maritime Midstream Partners will join forces in…
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