BDI closes at its highest level in three months on Friday, supported by robust Capesize rates and growing demand.
The tunnel for vessels up to 16,000gt will be created by blasting through a mile of rock near Selje, on the remote west coast.
French container line indicated that its losses had been aggravated by its takeover of Neptune Orient Lines (NOL), the biggest in its history, last year but company says its situation has improved after it returned to profit in the fourth quarter
Nord LB subsidiary Bremer Landesbank on 10 March issued an update warning that its pre-tax loss for 2016 is expected to surge.
Belgian shipping agent Lalemant Group and its partner, French African Maritime Agencies Guinea, announced on 10 March the launch of a new regular breakbulk service.
South Korea is hoping to grow its port authorities into global players with greater overseas investment.
Singapore-based PSA Corporation Limited’s collaboration with the Singapore Institute of Technology (SIT) offers mutual benefits to PSA employees and SIT students.
Korea P&I’s growth was tempered by a sharp increase in second-hand vessel sales and ship demolitions, despite being on a healthy trajectory.
KOGAS signs MOU with Samsung Heavy Industries to develop a protocol to cover the safety of vessels and facilities for LNG bunkering in South Korea.
For the last time, Fincantieri is extending the deadline on its offer to acquire outstanding shares in VARD.