Sovcomflot plans to raise at least $500 million in an initial public offering (IPO) on the Moscow Exchange, Russia’s top shipping company said on Tuesday, in a deal that could value it at roughly $10 billion according to sources.The move by…
Sovcomflot Targets at Least $500 Million in Moscow IPO Read More »
Carnival Corp said on Tuesday it expects to post a loss of $2.9 billion in the third quarter, hurt by the suspension of cruises due to the COVID-19 pandemic, sending the cruise operator’s shares down 3% in premarket trade.The cruise business…
Carnival’s Q3 Losses to Reach Almost $3 Billion Read More »
A great graphic from Allianz’s Shipping & Safety Report 2020 visually documenting the growth in the container ship industry over the past 50 years.Shipping, Ports & Logistics is a feature focus area of coverage in the October 2020 edition of Maritime R…
Container Shipping’s Half-Century of Growth Read More »
Wilhelmsen has entered into an agreement with Østensjø Group to acquire 25% of its […]
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Wilhelmsen buys into Edda Wind Read More »
The European Parliament on Tuesday voted in favour of including greenhouse gas emissions from the maritime sector in the European Union’s carbon market from 2022, throwing its weight behind EU plans to make ships pay for their pollution.Shipping…
EU Parliament Votes to Make Ships Pay for Their Emissions Read More »