Former NOL/APL CEO Lars Kastrup and Heliconia Capital Management director Gan Chee Yen, have been appointed to top management positions at Pacific International Lines (PIL) following its rescue by the Temasek Holdings unit.

The total assets of ship leasing business of China Development Bank Leasing amounted to RMB34.18bn ($5.26bn) in 2020, hitting a record high.

International Seaways (INSW) and Diamond S Shipping are to merge in an all stock deal to create the second largest listed tanker company in the US.

Pacific International Lines (PIL) has completed its restructuring with a $600m investment into the Singapore container line which hit severe financial troubles early last year.

Stricken containership Ever Given’s size means salvors will need to work with ballast and cargo left onboard, according to a local consultant.

The liner sector has ridden high on Asia’s recovery post-pandemic but now risks being pulled up by its own overzealousness, writes Jim Hanscom.

IDB Invest, a multilateral development bank and member of the IDB Group, has structured a $128.3m financing package to support investment in a floating storage and regasification unit (FSRU) to be installed in El Salvador by Invenergy, a US global...

DP World has announced robust financial results for the calendar year ended 31 December 2020, with revenue growing 11% year-on-year to $8.53bn and adjusted EBITDA by 0.4% to nearly $3.32bn.

With the sharp rise in demand for container shipping in the second half of last year Hapag-Lloyd earned the cost of capital for the first time in a decade in 2020.

Wilhelmsen and Østensjø joint company Edda Wind has ordered to two more Commissioning Service Operation Vessels (CSOV) and is looking to an Initial Public Offering (IPO) to fund further expansion.