Anglo American has rejected a takeover bid from BHP, averting for now what would be the biggest shake-up in the mining sector in a decade, but analysts see a merger having limited impact on dry bulk shipping.
Nantong CIMC SinoPacific Offshore & Engineering, a subsidiary of CIMC Enric, has signed a contract with Avenir LNG for two 20,000 cu metre LNG carrier and bunkering vessels.
DP World is partnering Malaysia’s Sabah Ports to manage Sapangar Bay Container Port (SBCP).
A total of 60 methanol auxiliary engines have been ordered for 12 container vessels for Chinese owners.
The rapid growth in lithium battery shipments has raised concern over the increased fire risk for containerships.
Freight rate indices are sending mixed messages but most of the latest indicators show a steady decline in rates as lines and shippers negotiate annual contracts on the transpacific.
Turkish shipowner Ciner Shipping and Dalian-based Hengli Heavy Industries have inked a contract to build four kamsarmax bulkers.
Shipping emissions have surged as a result of the Middle East conflict, propelling Xeneta’s Carbon Emissions Index (CEI) to a new record.
