CMA CGM and Maersk Line have entered into a binding agreement regarding the sale of Mercosul Line.
SM Group’s bid to take over South Korean shipping group STX Corporation has been rejected by creditors.
Brazilian mining giant Vale sells transhipment vessel, Ore Sossego for scrap amid sluggish recycling market.
South Korean ore carrier specialist Polaris Shipping has expanded its fleet as it agreed to purchase a Newcastlemax bulk carrier TRF Charleston.
Brand Marine Consultants continues its expansion with the acquisition of claims handling company, Pandi Services J. & K. Brons.
Ocean Yield has increased its exposure to the offshore service vessel sector by acquiring two vessels, each with a 15-year charter.
Global Ports Holding has endured a tough first month as a company listed in London.
Regulation and emerging risks are exacerbating the pressure created by a tough trading environment within the shipping sector.
Business goes on for K Line-Noble joint-venture amid commodity slump and corporate restructuring.