News

  • Avance Gas clinches three new charters September 28, 2021
    Norwegian shipowner Avance Gas has secured time charter agreements for three of its very large gas carriers (VLGCs) for a period of two years. The Oslo-listed company has fixed the 2008-built Iris Glory and Venus Glory and the 2009-built Promise at an average hire level of around $30,000 per day. The vessels are delivered in […]
  • Hapag-Lloyd takes over Maersk stake in JadeWeserPort terminals September 28, 2021
    Hapag-Lloyd is investing in the JadeWeserPort deep-water port in Wilhelmshaven just days after Cosco acquired a stake in a rival container port in Hamburg. The company is taking over 30% of the container terminal and 50% of the shares of the rail terminal at JadeWeserPort. Hapag-Lloyd took over the shares from Maersk’s APM Terminals, but […]
  • Diana Shipping seals seventh charter deal this month September 28, 2021
    New York-listed bulker owner Diana Shipping has announced its seventh charter deal this month, having secured a deal with Aquavita International for two vessels. The Greek owner has fixed the 2014-built panamax at a charter rate of $24,500 per day. The charter for the 77,529 dwt vessel is expected to commence on October 3, 2021 […]
  • FSL sells another chemical tanker September 28, 2021
    Singapore’s FSL Trust Management has offloaded another chemical tanker following the sale of the 2006-built FSL New York last month. The company has sold a 15-year-old . It did not reveal the buyer or the price tag, however, multiple brokers reported that Singapore-listed Indonesian owner Samudera Shipping paid $10.2m for the Japanese-built ship. The deal includes a […]
  • Harland & Wolff chairman Clive Richardson steps down September 28, 2021
    UK infrastructure investment company Harland & Wolff Group, formerly InfraStrata, has initiated a search for a new chairman after the company announced that Clive Richardson was stepping down from the role and would leave at the end of his notice period in mid-December. In a statement, the company said it was involved in several large, […]
  • Maersk exits box manufacturing with $1bn sale of MCI to CIMC September 28, 2021
    China has strengthened its near monopoly in the container manufacturing sector. China International Marine Containers (CIMC), the world’s largest container manufacturer, will acquire reefer factory Maersk Container Industry, an AP Moller-Maersk subsidiary that has been the subject of a sell-off for many months. The value of the transaction is $987.3m, further bolstering what will be […]
  • White House urged to switch port spending focus to the west coast September 28, 2021
    The head of the port of Los Angeles has asked the federal government to switch priorities in terms of port investment areas to help alleviate supply chain crunches hitting the nation’s retailers. Speaking with Bloomberg Television yesterday, Gene Seroka, the port’s executive director, claimed the government has spent approximately $11bn in the eastern Gulf coast […]
  • Database housing CII rankings of the global merchant fleet launches, 35.7% of all ships in IMO’s danger zone September 28, 2021
    More than one in three ships will fall foul of impending legislation coming from the International Maritime Organization (IMO). The IMO’s Carbon Intensity Indicator (CII), due to come into force in 2023, will mean ships will be required to quantify and report on carbon emissions from operations and they will be then assigned a rating […]
  • Costco charters three ships September 28, 2021
    Wholesaler Costco, the fifth largest retailer in the world, has emerged as the latest American brand on the high street to attempt to take shipping matters into its own hands. Costco has revealed it has chartered in three ships and rented thousands of containers to shift around 20% of its Asian imports over the coming […]
  • Maersk warns of risks of missing Christmas rush September 28, 2021
    Maersk, the world’s largest containerline, has given customers a snapshot of how it sees the year playing out with plenty more disruption on the cards for global supply chains. In a note to clients in Asia-Pacific yesterday, Maersk stated China’s imminent October Golden Week, Christmas and Chinese New Year will bolster strong demand for container […]
Courtesy Asia Shipping Media Pte Ltd in Singapore - Splash 247