Lloyd’s Register and Stolt-Nielsen are among 10 new corporate backers of maritime venture capital fund Motion Ventures.

AD Ports Group has signed a general corporate facility agreement with a syndicate of 13 regional and international banks for a $2bn loan facility.

The major container lines recorded profits of $34.7bn in the fourth quarter 2022 and are on track for an 80% drop in 2023 profits.

Tanker companies took a hit on Monday following the surprise move by OPEC+ to reduce output by more than a million barrels a day. But oil prices were still climbing in London this morning following OPEC’s move to cut production by more than one...

The rosy outlook for the tanker has taken another knock with the surprise announcement by OPEC of production cutbacks.

Cosco Shipping Specialized Carriers is planning to raise funds of RMB3.5bn for leasing and construction of 30 vessels to meet the growing business demands and improve profitability.

Finnish wind propulsion company Norespower has secured €28m in funding to expand the production and reach of its Rotor Sail technology.

The current state of the shipping sector in the Gulf Cooperation Council region gives regional owners and operators reason for optimism, with the offshore sector looking especially strong and containers in for a downturn.

Hong Kong-based CSSC Shipping recorded a revenue of HK$3.21bn ($408m) last year, a year-on-year increased of 29.9%, the operation's efficiency reached the best level since the founding of the company decade ago.