Marine insurers and P&I clubs in the United Kingdom have been told to prove they are already making plans for a “worse possible” Brexit scenario.
Leading global ocean freight forwarder posts strong cargo volume gains for the first quarter but pressure on profit margins per shipment weighs down earnings.
Hamburg shipowner being forced to surrender a controlling stake in his group to pay back bondholders and its senior lender HSH Nordbank.
Japan’s Murakami Hide Shipbuilding will deliver to Epic Gas a 2009-built, 7,500 m3 LPG carrier by the end of June.
London enjoys a monopolistic position in the financial services sector and the European Union will not live with a situation of having a financial centre over whose regulation it has no power, Munich Re's Michael Menhard tells Lloyd's event.
The government of Indonesia is targeting a reduction in handling costs faced by beneficial cargo owners at its major ports, with a particular focus on reducing terminal handling charges.
A consortium comprising South Korean distressed asset investor UAMCO and shipbuilding newcomer Samkang M&T has been named the preferred bidder to take over STX O&S subsidiary Goseong O&S.
Cash-strapped Daewoo Shipbuilding & Marine Engineering (DSME) is expected to be acquired by either Hyundai Heavy Industries or Samsung Heavy Industries in 2018 as the South Korean government seeks to have only two dominant shipbuilders in the country.
Liner operators and shippers continue to disagree on current container freight levels in the wake of Hanjin Shipping's demise.