DP World chairman Sultan Ahmed bin Sulayem has met with the President of France, Francois Hollande, at a Paris investment summit.
Faced with continued bleak prospects in the offshore market Bourbon is diversifying into the gas and ethane shipping markets in a $320m acquisition of companies owned by its parent Jaccar Holdings.
Half of the 26 flag states eligible for the US Coast Guards Qualship 21 have fallen off the preliminary list for 2016.
Cosco Pacific’s joint venture with PSA International in Singapore is to expand with a new three berth terminal capable of handling mega-containerships.
Newbuilding orders at China’s shipyards have continued to shrink in the first two months of 2016 as the industry struggles with one of the toughest downturns in history.
The economics of most of the shipping industry continue to ebb away from any profitability, temporary or sustained. The tanker sector is the only major one that seems to be maintaining operating profits in both crude and products despite the uncertainty of the crude oil price.
Shipping confidence has hit fresh lows in the latest Moore Stephens survey, reaching 5.0 to of 10 below the then-record lows of 5.3 in May 2015.
Bunker supplier Aegean Marine Petroleum Network Inc has launched a new bunkering operation in South Africa’s Algoa Bay near the ports of Port Elizabeth and Coega.
Shanghai Waigaoqiao Shipbuilding (SWS) and Qingdao Beihai Shipbuilding Heavy Industry have landed an order to each build four VLOCs worth a total of $680m from China Merchants Energy Shipping (CMES).