Navios Maritime Partners has snapped up the fleet of 14 containerships owned by bankrupt Rickmers Maritime for $113m.
Bertram Rickmers is ready to give up 75.1% of his ownership of Rickmers Group under a proposed restructuring.
Cosco Shipping Ports continues to rack up good growth in throughput, with overall volumes rising 9.5% to 8.60m teu in March from 7.85m teu in the previous corresponding period.
Experts from the maritime industry are gearing up to debate, discuss and analyze the opportunities and challenges facing the industry at Sea Asia 2017.
The shipping industry, in particular dry bulk and containers, has seen a marked improvement over the last 12 months according to Singapore Shipping Association (SSA) president Esben Poulsson.
Cosco Shipping Specialised Carriers has posted a sharp increase in unaudited net profit for the first quarter ended 31 March 2017 due mainly to high returns from equity investments.
Singapore Maritime Week (SMW) 2017 reflecting on difficult markets and technological change is themed around “Navigating through challenging times”.
The problem with political promises - from either party in the US - is that the big ideas need to be translated into specific action items.
The port of Singapore saw container volumes rose in March compared to the year-ago period, according to figures from the Maritime and Port Authority of Singapore (MPA).