Danish bunker trading firm Dan-Bunkering has joined the list of other bunker suppliers and shipowners who have filed lawsuits against Chinese charter operator Sinoriches Enterprises for unpaid marine fuels.
A product tanker belonging to Wilmar is sold for demolition, marking the first time in almost a year that levels have exceeded the USD400/ldt mark, as firming steel prices and demand results in higher scrap prices.
Danish charter operator BaltNav will soon have an international office in Singapore, which is set to open in September with the aim to expand its activities to the Middle and Far East.
Nanjing Shenghang Shipping announces plans for an IPO earlier this week and plans to raise USD8.62 million.
Container lines have waited almost two years for a five-year block exemption from the city's competition law that was finally granted on 8 August.
China's top 10 container ports handled a combined 80.7 million teu in the first half of 2017.
Sales of the bankrupt liner operator’s most prized assets raised a relatively paltry USD220 million.
Investment is aimed at pre-empting a takeover of the tonnage by other interests during a sale process for Rickmers and its assets overseen by Macquarie Capital
Having opened two new terminals in the past year, Manila-based International Container Terminal Services, Inc saw half-year revenues grow 10% while net income jumped 19%.
The International Chamber of Shipping hopes to drive collaboration with international organisations in a bid to put an end to the migrant crisis in the Mediterranean