In post-renewal releases yesterday, some P&I Clubs congratulated themselves on achieving their renewal goals and thanked members for their continued support. However, intermediaries involved in the increasingly frenetic run-up to Sunday’s deadline...

Cargo onboard the burning car carrier Felicity Ace has an estimated value of $401m, according to risk analysts Russell Group.

Singapore has extended withholding tax exemption on lease agreements under the country’s incentives for the maritime sector.

Secondhand ship sales set a new record in 2021, according to data from Clarkson Research, with 2,507 assets changing hands and S&P spending of $47bn edging past the existing record of $46bn set in 2007.

Chinese chemical products supply chain service provider Xingtong Shipping is preparing for an Initial Public Offering (IPO) on the Shanghai Stock Exchange to fund business expansion.

Eastern Pacific Shipping (EPS) is investing in nine tech start-ups ranging from a company developing the industry’s smartest anchors to one setting up a neo-bank for maritime.

Maersk intends to buy US-based big and bulky freight specialist Pilot Freight Services in a deal worth $1.68bn.

Chinese container carrier China United Lines (CU Lines) is planning an initial public offering (IPO) at Hong Kong Stock Exchange for fleet and network expansion.

On Valentine’s Day NYSE-listed Safe Bulkers will become the third US-listed Greek-based shipping company to raise funds in the Greek bond market.

The container vessel Mumbai Maersk, which ran aground outside Bremerhaven on 2 February, has been safely refloated.