DHT Holdings, Inc. announces that it has entered into agreement to acquire two VLCCs built in 2016 at DSME (Daewoo) for USD 136 million.
The vessels are scheduled to deliver during the first half 2021.
The Company will...
Listed leasing arm of Cosco Shipping expects to offload a substantial stake in one of its non-shipping subsidiaries to a state-owned fund for more than $270m.
Cosco Shipping Development says the sale will facilitate its strategic focus to...
According to a BIMCO market analysis, the global economic growth continues to slow with recession warnings sounding in many corners of the world, none of which points to high global trade volume growth for the time being.
Manufacturing PMI
The Global...
DFDS and P&O Ferries have entered into a mutual space charter agreement on the Dover-Calais route.
The agreement is for shortening freight customers’ waiting times and improving the flow of traffic across this vital arterial trade link between...
Matson, Inc. and General Dynamics NASSCO shipyard, christened the second of two Kanaloa Class vessels.
They are the largest combination container / roll-on, roll-off ("con-ro") ships ever built in the United States.
The naming ceremony took place at...
“Supply chain” has become a political topic or even a popular meme? Exceed.
You can still see cargo moving like snakes in the global transportation system, with ships unloading and loading containers.
Clearing the backlog may seem slow....
According to an article in Sea News, The CEO of InfraStrate, John Wood, an experienced maritime engineer says that there will be a day of reckoning as COVID19 has increased dockings by 70% including some emergency vessel operations.let's take...
Siemens to build link with two Egyptian firms
Line designed to carry freight and passengers
Further links planned to connect southern EgyptEgypt has signed a $4.45 billion deal for a high-speed electric rail line to link its Red...
Hin Leong Trading and Ocean Tankers filed for bankruptcy protection.
Singapore hosts the largest number of oil tankers at anchor in the world.
Hin Leong owns and operates Universal Terminal, one of the largest crude oil terminal and...
Good operational performance overtaken by significant fall in financial asset values.
This has resulted in a USD 284 million net loss for the Wilhelmsen group in the first quarter.
The quarter ended with a net loss to owners...
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