News

Dubai-based container port operator DP World delivered strong financial results in the first half of 2019 despite challenging global economic conditions. Profit for the period increased to USD 753 million from USD 593...

Two extra factors this year that are set to “further disrupt” and throw a wrench in the day-to-day management of the shipping peak season, according to digital freight forwarder iContainers. Besides the recent cloud of...

Vista Shipping, a joint venture between Hafnia and CSSC (Hong Kong) Shipping, has secured a USD 111 million loan to finance four newbuildings. The term loan facility, that would finance four new LR1 tankers being built...

Norway-based shipping company Wallenius Wilhelmsen Ocean (WWO) has been charged with criminal cartel conduct in Australia. The charge relates to alleged cartel conduct concerning the international shipping of certain...

Norway’s Höegh LNG ended the second quarter of 2019 with in the red amid seasonal variations and dry docking costs. The company recorded a net loss of USD 3.6 million for the quarter, down from a profit of USD 4.5...

The owner of the seized tanker, Stena Impero, met the Iranian Foreign Minister on August 20 in Stockholm to ask for the release of the vessel and its 23 crew members. Stena Bulk’s CEO Erik Hanell and Iran’s Mohammad...

New dry bulk joint venture GriegMaas has expanded its fleet with the Ultramax vessel Star Damon. Formerly known as GH Frankel, the 2012-built Star Damon is one of two vessels the joint venture, formed between shipping...

On the back of a recent spate of containership fires, shipping consultancy Drewry believes it is time “to name and shame rogue shippers that threaten the safety of the supply chain”. This year alone eight such fire...

Navios Acquisition has secured sale and leaseback contracts for 10 product tankers, the company confirmed in its second quarter 2019 financial report. Namely, the Angeliki Frangou-led tanker owner said that a USD 15...

South Korean container shipping major Hyundai Merchant Marine (HMM) is expected to add some 34 ships to THE Alliance’s network in 2020, according to data provided by Alphaliner. Citing deployment plans revealed earlier...