The fourth industrial revolution is gathering pace and shipping is making its mark with the development of Maritime Autonomous Surface Ships (MASS) that will be fully operational by 2019. The change is coming and shipping and logistics chains will need to adapt.
Forestal Gaia will transport the raw material for paper making on behalf of Nippon Paper Industries.
Japanese shipbuilder Sanoyas Shipbuilding Corporation has clinched its first ferry order in almost 20 years.
South Korean city of Changwon has requested Korea Development Bank for consistent issuance of refund guarantees to STX O&S to secure the shipbuilder’s deal for new orders and aid in its normalisation process.
China Steel Express has ordered four 208,000 dwt Newcastlemax newbuildings for a total of USD187 million.
South Korean steel giant POSCO has offloaded its entire stake in shipbuilder Hyundai Heavy Industries, raising USD167 million on the back of a booming stock price.
Greek shipping company Metrostar Management orders Aframax tankers duo from South Korea’s Daehan Shipbuilding Corporation, for delivery in 2018.
Denmark's DONG Energy and Technip France settle dispute with DSME over the cancellation of an offshore platform.
South Korean shipbuilder Hanjin Heavy Industries & Construction sells land and buildings in Busan as part of its plan to restructure its finances and repay debt.
Hyundai Merchant Marine limits its newbuilding orders following the current consolidation wave.