In April 2021 World Economic Outlook, the International Monetary Fund (IMF) lifted global economic growth projections for 2021 and 2022 by 0.8% and 0.2% to 6% and 4.4% respectively due to the anticipated vaccine-driven recovery in the 2nd half...
South Korean yard Dae Sun Shipbuilding has won contracts from Ace Tankers for four firm 33,000 dwt stainless steel chemical tankers, due for delivery from the second quarter of 2023. The deal comes with options for four more ships....
Japanese shipping mammoth Nissen Kaiun has sold its third cape this year. The latest sale exemplifies the dramatic price increase in the secondhand cape market. Brokers report that Nissen sold the ten-year-old, 182-000 dwt Eibhlin for around $30m. In a...
CMA CGM made the largest single containership order in China’s shipbuilding history, with the construction of 22 containerships worth around $2.3bn, reports Platts.
Deal worth around $2.3bn
French liner major CMA CGM said April 30 it has ordered 22 new ships...
With the accelerating pace of change, businesses have a lot of things to consider. Few have been so proactive to ensure they’re in charge of their own destiny as BW Group by investing across the energy value chain, reports...
WALLENIUS SOL expands its service by strengthening the fleet with a sixth vessel.
The vessel will be deployed in a bi-weekly service on the Oulu – Kokkola – Antwerp – Zeebrugge leg while also adding Port of Rauma...
Taylor Maritime Investments has announced plans to float on the London Stock Exchange in an initial public offering (IPO) looking to raise $250m.
The target issue is made up of 250 million new ordinary shares at an initial...
Castor Maritime, having already tripled its fleet this year, is being linked by brokers Advanced Shipping & Trading.
It is carried by three separate deals for five ships worth nearly $100m.
According to an article published in Splash247, Nasdaq-listed...
DP World, best known for operating ports around the world, has launched a wholesale e-commerce website
It hopes will become the global platform for businesses to buy and sell goods online.
According to an article published in Yahoo Finance,...
The private Scorpio Group is pairing with Sea World Management of Monaco to launch a pool exclusively for handymax tonnage older than 15 years old.
The Handy Plus Pool (HPP) has been established to target the handymax fleet...