Axiom DWFM’s acquisition of bankrupt Ince & Co appeared to secure the future ended instead with closure and arrests by the Serious Fraud Office.

UK-based Purus Marine has placed an order for two very large ethane carriers (VLECs) at a price of $170 million each from HD Hyundai Heavy Industries in South Korea.

Stolt Tankers has inked an agreement with China’s Wuhu Shipyard to build six 38,000dwt stainless steel parcel tankers.

DP World has cuts carbon emissions from its UAE operations by nearly 50% this year by accessing renewably produced power from the Dubai Electricity and Water Authority (DEWA).

The Yemini military has released dramatic video footage of the hijack on Sunday of the car carrier Galaxy Leader.

Seafarer salaries are rising by over 10% according to a survey by Danica Crewing but could level off in the coming year as container and bulker owners tighten their belts.

The bottom line revealed in a set of ‘Key recommendations for the 2024 ocean market’ from Flexport’s Ocean Market Predictions for 2024 webinar is for cargo shippers to take a posture of flexibility.

Vietnam’s Long An International Port, located 35 km from Ho Chi Minh City, and the Port of Long Beach have signed a letter of intent to establish a sister port relationship.

Container line MSC is to install a carbon capture and utilisation system (CCUS) from Zhejiang Energy Marine Environmental Technology (ZEME) on a 24,000 teu vessel which will sequestrate around 40% of carbon emissions from its exhaust.

Newly merged P&I Club, NorthStandard, intends to apply a general increase in premiums of 5% for the policy year beginning in February 2024.