Taiwan’s carrier Yang Ming Marine Transport Corp has exercised an option to charter four more 11,000-teu newbuild containerships from Japan’s Shoei Kisen Kaisha for a 10-year period.

Vietnam National Shipping Lines (Vinalines) will auction over 13.44m shares of its holding in Vietnam Transport and Chartering joint stock company (Vitranschart) on 5 December, reported Vietnam media.

Battered offshore supply vessel (OSV) shipbuilder Nam Cheong is looking forward to emerging from its long period of financial troubles with the successful approval and sanction of its scheme of arrangement as well as a proposed rights issue that will help to ease its cash crunch as well as position well for a recovery and future growth in oil and gas business.

Oman Shipping Company's (OSC) spot chartering VLCC desk has paid dividends for the shipping company in terms of fixtures.

Yangzijiang Shipbuilding has set up a vessel leasing and chartering joint venture in Singapore with a strategic partner, Jiang YanPing, the company said in a stock market announcement.

Yangzijiang Shipbuilding is setting up a vessel leasing and chartering subsidiary based in Singapore.

Handysize bulker owner Pioneer Marine is placing an unspecified portion of its fleet for commercial operation with Denmark’s BaltNav.

An e-revolution is stirring waves among the forward freight agreements (FFA) market on whether to turn on the plug to an electronic platform or maintain status quo.

Gulf Navigation (GulfNav) is set to acquire 12 newbuilding as part of a strategic alliance with Mena Energy as the shipowner continues its growth track.

Germany’s heavylift specialist Rickmers-Linie and the National Shipping Company of Saudi Arabia (Bahri) have entered into a space charter agreement covering the US to the Red Sea and the Middle East.

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