Container leasing giant Triton has agreed to acquire Global Container International (GCI) in a deal valued at more than $1bn, including outstanding debt. Boston-based GCI was established in 2018 ...

Ocean-going merchant ships are moving slower than ever. Average speeds across the deep sea cargo fleet in the first quarter this year are at a new low, according to data from Clarksons Research.

A.P. Moller Capital has agreed to acquire 40% of the Philippine logistics company AC Logistics (ACL) from Ayala Corporation. Established in 2021, ACL offers supply chain solutions covering cold ...

Danish product tanker owner Torm has continued its sell-off of older tonnage with three ships set to exit the fleet. The New York and Copenhagen Nasdaq-listed firm is shipping out 2005-built MR ...

Danish dry bulk owner and operator Lauritzen Bulkers has acquired Canadian breakbulk and parcel shipping company, Alexander & Blake. The Copenhagen-headquartered outfit, which manages a fleet of ...

Last September, HMM unveiled expansion plans through to the end of the decade, setting aside a massive KRW23.5trn ($17.48bn) that will see its container fleet nearly double while its tanker and ...

China Merchants has bought a 70% stake in Vast Infraestrutura, Brazil’s only privately run VLCC terminal, located in the port of Açu in a deal worth up to $714m. China Merchants bought its ...

French liner operator CMA CGM has contracted inland vessels specialist Shandong Xinneng Shipbuilding to build its fully electric containership. The deal with an undisclosed value follows a letter ...

Bojan is an English language professor turned journalist with years of experience covering the energy industry with a focus on the oil, gas, and LNG industries as well as reporting on the rise of ...

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In ...

Offshore drilling giant Noble Corporation has won a new contract for one of its jackup rigs. The company won a deal for the 2013-built Noble Regina Allen with an undisclosed operator offshore ...

John Fredriksen’s Frontline has secured a fresh refinancing deal for four of its vessels. The New York- and Oslo-listed tanker giant said it had entered into three senior secured credit ...