Kotug International has concluded its acquisition of Kotug Seabulk Maritime (KSM), taking full ownership of the Caribbean marine towage business.

The handysize bulk carrier, Rubymar, flagged in Belize, eventually foundered early on Saturday morning two weeks after being struck by a Houthi-fired anti-ship ballistic missile on February 18.

Container rate negotiations on the Transpacific are about to begin in earnest, but Xeneta believes shippers and carriers both have strong hands and that will make discussions long and complex.

Frontline recorded a profit of $656.4 million in 2023, a year marked by its purchase of much of the Euronav fleet after a tense stand-off.

MAN Energy Solutions has opened its largest service hub outside Europe in Singapore and it will a have strong emphasis on training for alternative fuels.

Yangzijiang Shipbuilding reports a record high profit RMB4.1bn in 2023, an increase of 57% year-on-year.

Jumbo Shipping and SAL Heavy Lift are teaming up with US-based multipurpose and liner operator Intermarine to establish the new JSI Alliance.

The Liberian Registry, the world’s largest shipping registry in tonnage, has a team on focused energy transition and reaching net-zero GHG emissions.

Eastern Pacific Shipping (EPS) has ordered a total of six newbuilds from two shipyards of China State Shipbuilding Corporation (CSSC).

The International Transport Workers’ Federation (ITF) has accused a Saudi Arabian shipowner of abandoning seafarers, and the Bahrain maritime authorities of “looking the other way”.