Business

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E4C Shipping confirms an order of 2 - 4 MR products to be built by Hyundai Mipo Dockyard Ltd. E4C is comprised of entities and individuals. It is affiliated with ECCO Holding, Gunvor Group Ltd, and Dee4 Capital...
According to Shipbid.net, Ningbo Pioneer Shipping Company Limited has announced auction of its 1990 built 68788 mt DWT Bulk Carrier. Where and When? Ningbo Pioneer is one of the company’s oldest vessels. A synchronous on-site and online public bidding activities will...
 Seaspan Corporation announced has agreed to the purchase of two high-quality Containerships. The purchase of the Acquired Vessels is expected to be financed from additional borrowings as well as cash on hand. Seaspan expects to take delivery of...
In a major development, Hapag Lloyd has announced that they are adding a new feature called "Loaded As Booked" aiming to tackle cargo delays, says a press release available on their website.The new feature will help greater accuracy and...
German shipyard Meyer Werft is struggling to stay afloat due to COVID-19. The shipyard needs to save €1.2 billion over the next five years. It will halt production and suspend operations for six weeks due to a slump...
GAC announced that it has acquired the port agency business of Ahlers Belgium. This is touted as a move allowing it to expand its operational footprint in Belgium.GAC has expanded its operational footprint in Belgium by acquiring the...
Global port operator DP World Ltd in advanced talks with Dubai-based Transworld Group to buy Shreyas Shipping and Logistics Ltd and Avana Global Logistek Ltd. Mumbai-listed Shreyas Shipping is the Indian flagged vessel owning unit of Transworld Group,...
Coronavirus pandemic delays construction of world's largest cruise ship, says an article published in FoxNews. Construction paused Royal Caribbean International has delayed the construction efforts of the world’s largest cruise ship as the coronavirus pandemic continues.According to a spokesperson for the...
The familiar theme of the year so far, repeated itself for yet another week. Shipowners opted for more dry bulk second-hand tonnage, as the current conditions of increased uncertainty, certainly don’t favor any kind of long-term investment, reports Hellenic...
February’s coronavirus shutdown in Wuhan, China hit American food exports hard. Reefer plugs at China ports filled up after the Wuhan outbreak. Reefer-plug capacity maxed out in February because China severely restricted trucking. The logjam stems from the...
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