Last September, HMM unveiled expansion plans through to the end of the decade, setting aside a massive KRW23.5trn ($17.48bn) that will see its container fleet nearly double while its tanker and ...

The 4,228 teu SM Portland hit stormy weather on Wednesday in the Bering Strait on a voyage from Asia to Vancouver and reported 115 containers had either been damaged or lost.The Korean-flagged ...

Danish product tanker owner Torm has continued its sell-off of older tonnage with three ships set to exit the fleet. The New York and Copenhagen Nasdaq-listed firm is shipping out 2005-built MR ...

Shares are expected to start trading on or about March 12. Established in 2003, Asyad boasts a fleet of around 90 ships, including tankers, dry bulk vessels, and LNG carriers. Last July, the ...

Offshore drilling giant Noble Corporation has won a new contract for one of its jackup rigs. The company won a deal for the 2013-built Noble Regina Allen with an undisclosed operator offshore ...

Engineering consultant firm Royal HaskoningDHV has acquired Scotland-based maritime engineer company Arch Henderson. By bringing Arch Henderson on board, Royal HaskoningDHV significantly ...

Germany’s John T. Essberger has bolstered its chemical tanker orderbook with two optional newbuilds at Nantong Rainbow Offshore & Engineering Equipment in China. The deal takes the Hamburg ...

UK-based technology firm Sedna has acquired Flytta, an AI-powered workflow automation platform for global trade and supply chains for an undisclosed sum. Flytta originated as an in-house solution ...

Li Ka-shing’s CK Hutchison has reached a blockbuster mega deal with BlackRock and Mediterranean Shipping Co (MSC) to sell 80% of its giant ports division for $22.8bn in a record-breaking ports ...

The barge has been idle since September 2019. Maintenance and depreciation of the barge add around $470,000 and $790,000 in costs respectively. It also stated that it is simultaneously negotiating ...

Singapore-based offshore vessel operator Miclyn Express Offshore (MEO) has officially changed its name to Aesen. Following the rebrand, the company will effect respective entity name changes ...

Ichnusa Wind Power is a project that will be developed by the namesake company about 40 km from the southwest coast of Sardinia with a capacity of 504MW and a yearly production of about 1.6TWh of ...