Chinese firm Kylin Capital, claiming to be the first mover of private equity (PE) in China for the shipping sector, is seeking opportunities during the market downturn and aiming to enlarge its shipping portfolio.
Singapore has clinched the top spot in Menon’s Leading Maritime Capitals of the World Report (Menon Report) for 2017, and the country is projected to remain well-positioned for the maritime industry up to 2022 and beyond.
The frequency of major vessel casualties has risen in 2016 for the second consecutive year amid a continuing challenging market for marine underwriters, according to the International Union of Marine Insurance (IUMI).
Hamburg Süd has opened its first proprietary agency in the Middle East, with Hamburg Süd Shipping commencing operations in Dubai, United Arab Emirates
AkzoNobel and Maersk Line have signed a sustainability partnership to reduce carbon emissions per container shipped by 10%.