Over the last few decades, international trade has exploded, driven in large part by tremendous improvements in efficiency and transportation cost reductions related to the containerization of freight. Reaping success depends on an intricately…
Greek shipping heir Paris Kassidokostas-Latsis along with with two leading global investors formed a joint venture vehicle, Ivy Shipping LLC, with the primary purpose to invest in Supramax and Panamax dry bulk carriers. As a first investment move…
Australia has fined and convicted Japanese shipping firm Nippon Yusen Kabushiki Kaisha (NYK) for operating as a cartel in relation to the transport of vehicles into the country, its competition regulator said on Thursday. The charges relate…
New Orleans-based Tidewater Inc and its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing its reorganization pursuant to the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Tidewater…
International commercial law firm Hill Dickinson continues to grow its shipping practice with the addition of Legal Director Tom Burdass.Burdass joins the firm’s Broadgate Tower, London office from Campbell Johnston Clark (CJC) where he spent…
BW LPG Limited and Global United Shipping India Private Limited, have agreed to establish a joint venture in India in which the parties will own 50% each. The purpose of the new joint venture, named BW Global United LPG India Private Limited…
Sri Lanka’s government on Saturday signed a long-delayed agreement to sell a 70% stake in a USD 1.5-billion port to China in a bid to recover from the heavy burden of repaying a Chinese loan obtained to build the facility, report local media…
Cost reductions paved the way for South Korea's Samsung Heavy Industries (SHI) to swung to the black in the second quarter of 2017, though sales income decreased in the period reported Yonhap. SHI reported that it has turned to black in Q2 with 20…
Canadian asset manager Brookfield Business Partners will buy 60 percent of Teekay Offshore Partners, a subsidiary of marine transportation provider Teekay Corp, for about $750 million, Reuters reported quoting company sources. Brookfield…
The government of India is looking to privatize staterun Dredging Corporation of India (DCI). 'A proposal for disinvestment of Dredging Corporation of India Limited is under consideration of the Government of India,' a government press release…
Diana Containerships has announced that its Board of Directors (the “Board”) has determined to effect a reverse stock split of the company’s common shares, par value $0.01 per share, at a ratio of one-for-six. The company’s shareholders…
The safety of navigation is vital to the safety, security and economic activities of all stakeholders traversing sea routes in Asia—the region with some of the busiest seas in the world. Recognising this shared interest, the Regional Cooperation…
Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2017, introduced during the Winter Session of Indian Parliament came up for discussion in the Rajya Sabha (Upper House) and was passed unanimously by the house. The Bill…
The Neverland tanker has reappeared off the coast of Malta after going off radar near Canada on June 30, when it was chartered by oil trader Vitol carrying Iraqi Kurdish crude oil, Reuters ship-tracking showed on Friday. The tanker had been…
I voted in favor of Maersk Line A/S’ petition for Temporary Exemption Service Contract Filings as a result of the so-called Petya virus which severely disrupted Maersk’s information systems, including the system that stores service contract data…
