Business

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GasLog Ltd. announced plan of merger with BlackRock’s Global Energy & Power Infrastructure team, which is focused on essential, long-term infrastructure investments in the energy and power sector. Under the Merger, GEPIF will acquire all of the outstanding...
Diana Shipping Inc., in their website, has reported the financial Results for the fourth quarter of the previous year. Net loss of $7.4 million! The company incurred a net loss of $7.4 million and net loss attributed to common stockholders of...
Pancon Line said the new ship will help the company expand its service offerings in the Southeast Asia market. The vessel will adopt the Bangkok Max design, and delivery is scheduled in the first quarter of 2022. According to...
Chinese feeder boxship operator Zhonggu Logistics has finalised orders for its recently announced newbuilding program of eighteen 4,600 teu boxships by ordering the last eight ships at China Merchants Jinling Shipyard, reports Lloyd's List. Option for two more ships Earlier this...
The Great Eastern Shipping Company Ltd, India’s biggest ship owner by fleet size, is said to have filed an expression of interest (EoI) to buy state-run Shipping Corporation of India Ltd (SCI) from the government, reports the Hindu Business...
A North Korean computer hacker has been charged in a plot using blockchain to get investors to unknowingly fund North Korean cargo ships with cryptocurrency. It considered as a way to evade U.S. sanctions. The hacker, known as...
EuroDry Ltd. reports results for the year and quarter ended December 31, 2020. The operator of drybulk vessels announced today its results for the three- and twelve-month periods. In January 2021, the Company refinanced the outstanding loans of...
German shipping investment that once helped shape the world’s maritime operations is in retreat. Years of steep losses lead to many of the country’s biggest banks to abandon ship financing altogether. The number of German-owned oceangoing vessels has...
According to an article published in Make Xpress, many small UK gin and whisky distillers and suppliers are struggling to ship their merchandise to EU clients seven weeks after the introduction of post-Brexit buying and selling guidelines, the business...
Golden Ocean has entered into a vessel acquisition deal with Fredriksen, says an article published in Splash 247. About the deal Golden Ocean Group has entered into a deal with Fredriksen’s family company Hemen Holding to acquire 18 bulk carriers. The deal...

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