There is a risk of congestion post Chinese New Year as crises in the Red Sea and Panama converge, but insurers played down a potential flashpoint in the Taiwan Strait.
The $4.9 billion takeover of Korean shipping line HMM by Harim Group has failed after the two sides failed to reach a deal.
In a market with a tight supply of large tankers DHT Holdings earned an average of $42,800 per day for its fleet of 24 VLCCs in the fourth quarter of 2023.
As the situation in the Red Sea disrupts normal operations, legal and insurance experts explore some of the practical and legal considerations shipowners and charterers face.
The Cargotec Corporation’s Board of Directors has approved a plan to demerge the business of Kalmar as a separate listed company.
US Jones Act stalwart, Overseas Shipholding Group (NYSE:OSG) has received a takeover offer from largest shareholder privately held Saltchuk Resources.
Under a swap deal, Equinor is set to take full ownership of the Empire Wind lease and projects while BP will take full ownership of the Beacon Wind lease and projects.
P&I Insurer NorthStandard is expanding in Asia with a new office in South Korea.