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The latest maritime and shipping news and insight from Asia, Europe, Americas and the Middle East & Africa.

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Scorpio Tankers exercises vessel purchase options

Mar 14, 2023

Scorpio Tankers is exercising purchase options on six vessels it has under lease.

NIBC Shipping portfolio grows 30% in two years

Mar 14, 2023

Asset financier NIBC Shipping reported a strong performance for 2022, bringing its shipping portfolio growth to 30% over two years.

Byzantine Maritime orders bulker quartet from SUMEC

Mar 14, 2023

China state-owned SUMEC Group, a member of China National Machinery Industry Corporation, has inked contract with Greece ship-management company Byzantine Maritime for the construction of four bulk carriers.

ZIM sets floor for Transpacific contract container rates

Mar 14, 2023

Annual contracts are being negotiated between shippers and lines on the Transpacific container trade ZIM warns if rates are too low it will stop sailing.

ZIM fourth quarter profit falls 76%

Mar 13, 2023

Israeli container line ZIM is the latest line to release its 2022 results, adding to the trend of significantly lower rates and profit in the fourth quarter 2022.

Saudi container volumes up 7.8% in February

Mar 13, 2023

The Saudi Ports Authority (Mawani) announced an increase in container throughput at its ports in February 2023, while liquid bulk volumes fell sharply.

Cosco Shipping Car Carrier adds four PCTCs at GSI

Mar 13, 2023

Cosco Shipping’s recently established automobile transport unit, Cosco Shipping Car Carrier, has placed an order at CSSC Guangzhou Shipyard International (GSI) for four newbuildings.

DP World to roll-out high-bay storage solution in Busan terminal

Mar 13, 2023

DP World is to implement its BOXBAY high-bay storage (HBS) system at its terminal in Busan, South Korea.

Middle East OSVs on cusp of next ‘super cycle’, renewables roll-out pending

Mar 13, 2023

The Middle East offshore industry’s performance in 2022 and outlook for 2023 bodes well for the offshore support vessel (OSV) sector following a downturn that has lasted the better part of a decade.

Tidewater leading the charge in OSV expansion

Mar 13, 2023

Increased activity is bubbling through the Offshore Support Vessel (OSV) sector, and US companies are in the thick of the action with Tidewater leading the charge.

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Regions

The latest maritime and shipping news and insight from Asia, Europe, Americas and the Middle East & Africa.

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