Finance & Insurance
Another analyst has warned of impending financial doom for container lines if they fail to recoup the additional costs of meeting the IMO 2020 0.5% sulphur cap.
Greek shipowners will pay at least EUR75m ($85.37m) annually to the state budget, under a deal reached by Prime Minister Alexis Tsipras and the Union of Greek Shipowners (UGS).
Container line ZIM has invested in an e-commerce platform Ladingo which offers a shipping solution to international customers buying large and bulky items.
There aren’t many things that both sides of the US political spectrum can agree on but the need to invest in domestic infrastructure one appear to be one of them.
Investment bank Goldman Sachs has advised shipowners who have installed scrubbers to their vessels to avoid hedging their fuel requirements in 2020 so as to maximise savings.
Cosco Shipping’s ‘honeymoon period’ between it and the Greek state is essentially over, following the rejection by the state of much of Cosco’s investment plan for Piraeus port.
The important place of the shipping industry and its participants in Greece’s overall economic picture as the country struggles to climb out of financial crisis was again evident when financial…
China Cosco Shipping Corporation has officially established Cosco Shipping Investment (Dalian) with an aim to invest in and develop new businesses in Northeast China.
Owner of the world’s largest container line AP Moller – Maersk released its annual results on Thursday talking about an accelerated transformation, however, more than two years into a huge…
Maersk Drilling is to be demerged from parent AP Moller – Maersk and separately listed on Nasdaq Copenhagen.