Bankrupt STX Dalian, the Chinese unit of South Korea’s STX Group, has been acquired by Chinese private petrochemical company, Heling Group, after 10 previous failed auctions.

Frontline and Euronav have entered into a definitive agreement for an all-stock merger to create one of the world’s largest tanker companies.

Singapore retains its position as top shipping centre for the ninth year running in the Xinhua–Baltic index in a 10 top ranking that saw little movement apart New York/New Jersey benefitting from a surge in container volumes.

Scorpio Tankers is repurchasing six vessels it previously sold under sale and leaseback arrangements.

The Great Lakes are half a world away from the Black Sea, but concerns about the flows of critical commodities also loom large around Michigan and Ontario.

The ClarkSea cross-segment index came within 1% of its all-time record during the first six months of the year.

AD Ports Group has expanded its presence in the Red Ssea market with the acquisition of 70% stake in International Cargo Carrier BV.

The UAE's DP World and India's National Investment and Infrastructure Fund (NIIF) are intensifying their collaboration.

At the 2022 Marine Money event in New York, presentations on decarbonization, or mentions of carbon reductions, were included throughout the three-day session.

Another leading Greek shipping name has joined those investing in floating storage and regasification (FSRU) units.