Traditional shipping centres such as Piraeus will face increasing competition with the rise of new hubs over the next 20 years.

Chile-based Compania Suramericana de Vapores (CSAV) has announced It has increased its capital by $350m with the 100% subscription of new shares issued.

The Stock Exchange of Hong Kong (HKEX) has cancelled the listing of beleaguered Brightoil Petroleum (Holdings) Limited, effective 20 October 2020.

The three-day Connecticut Maritime Association (CMA) virtual conference came to a close, ending a busy North American Maritime Week where the future of fuel for ships was a dominating topic.

The Shanghai Petroleum and Natural Gas Exchange (SHPGX) will launch an international LNG ship and cargo tender service by the end of this month.

With the UK set to leave the European Union, Steamship Mutual Europe has set up a new insurance company in Cyprus to service its clients all over Europe and started writing business.

The Maritime Anti-Corruption Network (MACN) is expanding its help desk concept to Ukraine with the support of a local law firm.

International law firm Ince has opened a new maritime-focused office in Limassol, Cyprus, taking over a local firm LG Zambartas which becomes its sixth office in Europe.