This week’s dividend increase could be just an appetizer if debt reduction keeps apace
Scorpio plays cash-back card: How Robert Bugbee says tanker owner could share the wealth Read More »
German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from a year earlier, and cut its forecasts for full-year earnings.Net profit was down from…
Hapag-Lloyd Posts 77% Drop in Nine-month Net Profit, Cuts Outlook Read More »
Danish shipping company Torm announced it has entered into an agreement to acquire eight secondhand LR2 vessels from an undisclosed seller.The $399 million deal includes a cash consideration of $239 million and the issuance of approximately 5.5 million…
Torm Buys Eight LR2 Tankers Read More »
The president of Cyprus outlined a proposal on Thursday to open a maritime corridor to help deliver more aid to Gaza, a plan which he said could be operational quickly but which diplomats said faced challenges.Under the plan presented by President…
Cyprus Outlines Plan for Maritime Corridor to Get Aid to Gaza Read More »
Wärtsilä ANCS, part of Finnish technology group Wärtsilä, has delivered the autonomous SmartDock system to Canadian marine transportation and shipbuilding company Seaspan.
The post Seaspan picks Wärtsilä autonomous docking systems for its vessels appea…
Seaspan picks Wärtsilä autonomous docking systems for its vessels Read More »