International Shipping News

1 in 5 container vessels globally is waiting outside a congested port -of which 27.7% in China

On April 5, 2022, Chinese authorities decided to expand a previously limited lockdown in Shanghai to put the entire city of 26 million residents into quarantine. Shanghai became the largest city to go into lockdown since the beginning of the COVID-19 o…

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Frontline-Euronav merger: Countercyclical transaction to create long-term value for shareholders

On 7 April 2022, Frontline Limited (FRO) and Euronav NV (EURN) announced that the companies are in the process of a merger that would create a global leader in the tanker shipping market. FRO will acquire all 201.7mn of issued and outstanding EURN shar…

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