The Panama Canal Authority has proposed a simplified structure that provides price stability for customers with a long term-plan and a variable, demand-based structure for the value-added services.
Keppel Corp and Sembcorp Marine (Sembmarine) say significant progress has been made in negotiations on the proposed merger of their offshore and marine businesses but more time is needed to complete the deal.
Chinese financial service provider, CITC Financial Leasing, has placed an order at Dalian Shipbuilding Industry (DSIC) for the construction of 10 bulk carriers.
The merger of North P&I and the Standard Club is aimed at providing a stronger, more stable business and platform for future, according to the Chief Executives of both insurers.