Li Ka-shing steps back from ports, sells to MSC and BlackRock
Li Ka-shing’s CK Hutchison has reached a blockbuster mega deal with BlackRock and Mediterranean Shipping Co (MSC) to sell 80% of its giant ports division for $22.8bn in a record-breaking ports transaction that covers 43 ports comprising 199 berths in 23 countries. With the return of Donald Trump to the White House pressure had been […]
MISC orders ethane carrier brace in South Korea
Malaysia’s top shipping line, MISC, has booked a pair of very large ethane carrier (VLECs) newbuildings at HD Hyundai Heavy Industries in South Korea. The vessels, costing about $158.5m each, are scheduled for delivery by the end of 2028 into a long-term charter with Thailand’s energy company PTT. The VLECs will be serving the shipping […]
CMB.TECH buys out Fredriksen’s stake in Golden Ocean
CMB.TECH, the shipowning vehicle controlled by the Saverys family, has bought a 40.8% stake in Golden Ocean, one of Europe’s largest dry bulk owners, from John Fredriksen’s Hemen Holding for $1.2bn. CMB.TECH said there were no takeover plans yet, and that the acquisition is in line with the company’s strategic objective of diversification, and investing […]
Asyad Shipping raises $333m in Oman IPO
Oman’s Asyad Shipping, a subsidiary of state-controlled logistics giant Asyad Group, has raised $333m through an initial public offering on the Muscat Stock Exchange. The IPO involved more than 1bn shares, of which 75% were allocated to institutional investors. The anchor investors, Mars Development and Investment, an Omani state-owned entity, and Falcon Investments, a subsidiary […]
Strengthening the fight against seafarer abandonment
Helio Vicente, director of employment affair at the International Chamber of Shipping, has been appointed Helio has just been appointed coordinator of a task force focusing on the database for seafarer abandonment. Here he shares ways to increase the visibility of this pressing issue. Seafarer abandonment is a growing concern that continues to undermine the […]
Britoil bags multi-year PSV deal
Singapore-based OSV owner Britoil Offshore Services has scored a long-term charter for the platform support vessel BOS Prelude in the North Sea. The 2010-built unit acquired from Vroon in 2023 has been fixed to SeaRenergy for seven years. The contract includes three one-year options that could lead to a decade-long employment for the vessel. Britoil […]
DEME wins work on two German offshore wind farms
Belgium-based marine contractor and one of the largest dredging groups, DEME, has won a contract from Vattenfall for a cable protection system at the DanTysk and Sandbank wind farms off Germany. The tender for the project was opened last year by operator Vattenfall. The contract has a value of $3.85m. The DanTysk offshore wind farm […]
Shearwater pens worldwide survey deal with TotalEnergies
Norwegian offshore seismic vessel player Shearwater Geoservices and French energy major TotalEnergies have signed a three-year firm capacity reservation agreement for worldwide marine seismic streamer acquisition services. The agreement guarantees a minimum of 18 vessel months of activity for Shearwater’s seismic fleet. “This capacity agreement is the first of its kind with a major E&P […]
New tariff tit-for-tat – what it means for businesses, consumers and supply chains
Just when global supply chains were beginning to stabilise after years of disruption, the USA has thrown another curveball into international trade.. With the imposition of steep tariffs on Canada and Mexico from the 4th of March 2025 and tariffs against China doubled to 20%, businesses and consumers alike are bracing for price hikes, shipping […]
Global shipping industry shows mixed signals following Trump’s tariff threats
The global shipping industry has faced significant uncertainty and mixed reactions following the implementation of tariffs and trade threats by US President Donald Trump during his second term. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an account? Register If you liked […]