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.
The board of Gram Car Carriers (GCC) have unanimously recommended to shareholders a takeover bid from MSC through its subsidiary SAS Shipping Agencies.
US-based Advanced Polymer Coatings (APC) has signed a new contract to recoat the cargo tanks of two chemical tankers for Dubai based shipping group Gulf Navigation Holding.
Nearly a month after the collapse of the Key Bridge in Baltimore city, lawyers have fired back at Dali owners Grace Ocean and Synergy Marine, filing a lawsuit that claims the companies were negligent.