Greek shipowners have hit out at “sudden and unacceptable” decision of Turkish authorities to raise the cost of transitting the Bosphorus and Dardanelles, which links the Black Sea with the Mediterranean, by over 400% from 7 October.
Taylor Maritime Investments has launched a takeover offer for Singapore-based dry bulk shipowner Grindrod Shipping.
HICO Investment Group, a trust owned by the Hartnoll family, is expanding its shipping related holdings acquiring Bengal Tiger Line (BTL) and Caribbean Feeder Service (CFS).
Maritime transportation specialist Dubai Financial Market-listed Gulf Navigation has secured a five-year refinancing package for five petrochemical tankers from a Chinese lender.
Brazil’s Federal Government aims to privatise the Port of São Sebastião, according to João Octaviano Neto, the State Secretary of Transportation in São Paulo.
P&I insurer Skuld has opened the doors of its new office in Tokyo.