Maritime News

Trading house Marubeni and shipowner Klaveness are merging their dry bulk panamax pool to create a fleet of approximately 30 ships, making it the world’s leading panamax pool operator.

South Korea’s Hyundai Heavy Industries (HHI) Group has clinched newbuilding orders totalling KRW266.6bn ($230m) for four MR tankers and one VLCC.

The IMO 2020 regulation has been “implemented successfully” says IMO secretary-general Kitack Lim, with just 10 cases of compliant fuel being unavailable reported in the first 20 days.

Pakistan’s Karachi port has announced its ban on the discharge of wash-water from open-loop scrubbers, according to an update by the Standard Club.

DP World has taken a 44% in inland terminal operator Swissterminal Holding providing it with an entry to the landlocked market.

When talking about "Debt Trap Diplomacy" Hambantota International Port (HIP) drew a lot of international media attention.

China Merchants Energy Shipping plans to acquire the equity from several companies under Sinotrans Shipping as part of a consolidation of shipping assets.

Private equity investor Verdane Capital has taken majority stake in VDR and marine electronics supplier Danelec Marine.

Turmoil over energy issues in the Eastern Mediterranean is growing as countries form blocs to supply natural gas to the markets of Europe.

Malaysia’s Labuan Port Authority (LPA) has expressed its willingness to be investigated by the Malaysian Anti-Corruption Commission (MACC) over allegations of conspiracy in the tender of its containerised port Labuan Liberty Wharf, reports said.