Charter rates for container ships have come under pressure after a spring rally that saw fixing levels in this sector climb to the highest levels in more than one-and-a-half years.
International Container Terminal Services Inc pulled out of a concession agreement to operate what was slated to become one of the largest container terminals in sub-Saharan Africa.
Polaris Shipping, the South Korean operator of the missing vessel Stellar Daisy, has reached and paid a compensation agreement with families of missing crew members.
JP Morgan acquires second bulk carrier from now-defunct Hanjin Shipping amid firming asset values and better market sentiment.
China’s coal imports surge in the first quarter of the year, backed by healthy demand in power generation and further economic sanctions with North Korea.
Hanjin Transportation, the third-party logistics arm of the Hanjin Group, acquires controlling stake in Hanjin Busan Newport.
Big data has a key part to play in improving ship safety thanks to better, smarter analytic tools entering the market, said industry experts speaking at Nor Shipping 2017.
DNV GL ECO Insight system for mobile phones, launched this spring, allows owners to monitor their vessels on their smart phones.
Cobelfret unit orders two additional ro-ro ships from Korean yard, taking to eight the number of orders it has for the vessel type.
Hong Kong-based Noble Group offloads bulk carrier amid mounting debts as the industry’s downturn worsens its cash flow.
The willingness to change is key to automating and digitalising the shipping industry, says Lars Fischer, global sales director of Softship.
South Korean shipbuilder DSME has decided to sell its construction subsidiary and reduce office space as part of efforts to expedite its self-rescue plan.
Foreign trade-related container throughput at ports in South Korea expanded by 10.5% year on year in April on the back of the highest monthly growth in the value of exports since mid-2011.