South Korean shipbuilder Hanjin Heavy Industries & Construction is again seeking potential buyers for its three energy companies as it expects to progress with voluntary debt restructuring amid a liquidity shortage.
Janet Sykes, most recently head of communications at Clarksons plc, is to join the Baltic Exchange as chief commercial officer.
Hyundai Glovis plans to acquire Hyundai Merchant Marine as it gears up for further growth in the container shipping segment, according to local media reports.
Hong Kong’s Tsing Ma Bridge restriction is hurting mega-ships clearance.
Shipowners are increasingly turning to sale and leasebacks for refinancing on-the-water vessels and financing newbuildings, with the latest deals signed by Teekay Tankers, Teekay LNG, d’Amico International, and Advantage Tankers.
MAN Diesel & Turbo's Exhaust Gas Recirculation unit emits dense black smoke while accelerating. So the Danish engine manufacturer teamed up with academic institutions to find a solution.
Iran’s efforts to promote the domestic shipbuilding and repair market have gained momentum.
Roberto Paoloni was sentenced to 10 years and four months in prison by a court in Genoa, while two other officers and a pilot were given shorter prison sentences.
China Merchants is playing a leading role in developing China's ports along the Belt and Road trade route.
Tanker Investments Ltd has doubled the number of vessels it has fixed on one-year time charter.