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...
Telling it like it is on shipping decarbonisation, ZIM gets feisty with shippers, full shipyards, merger sagas, and much more in the latest episode of Maritime in Minutes
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.
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.