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Following the group’s buyout of Southampton Port, DP World has introduced a new consolidated management structure for its UK operations, headed up by Chris Lewis, currently md of DP World Southampton.

A Chinese court in Nanjing announced on Wednesday that it has approved a request by bunker supplier Tianjin Huifeng Energy to restructure the delisted Nanjing Tanker Corporation (NJTC), the oil tanker arm of state-owned Sinotrans & CSC Group.

Compania Sud Americana de Vapores (CSAV) announced in a statement that starting 1 July, it will reorganise its structure by separating each of its business units.

STX Pan Ocean has today received approval for its debt restructuring, comprising two capital reductions and a debt-to-equity deal.

Copenhagen: Recently restructured Danish shipping firm Torm has announced that the sale of five of its vessels will see its 2012 losses reach $579m. 


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