COSCO invests in Thailand's largest port - Shipping Herald
Oct 24, 2024 · COSCO SHIPPING Ports Limited announces its acquisition in 12.5% and 30% of the equity stakes in Thai Laemchabang Terminal Co., Ltd. (‘TLT’) and Hutchison Laemchabang Terminal Limited (‘HLT’), respectively. During the project signing ceremony held in Vietnam on 23 October 2024, under the witness of Mr. ZHU Tao, the Chairman of the Board of COSCO […]
CMA CGM delivers “solid performances” in third quarter
Nov 11, 2024 · The Board of Directors of the CMA CGM Group met under the chairmanship of Rodolphe Saadé, Chairman and Chief Executive Officer, to review the financial statements for the third quarter of 2024. Commenting on the results for the period, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, said: “In a context of […]
COSCO SHIPPING Holdings Announces 2024 Interim Financial …
Aug 30, 2024 · COSCO SHIPPING Holdings announced its 2024 interim results. In the first half of 2024, the global container shipping market was intertwined with tight effective capacity supply, strong demand and constrained supply chains due to multiple factors, including the inventory replenishment by Europe and North America in advance, the growth of …
ST Engineering unveils smart shipyard - Shipping Herald
Sep 23, 2024 · ST Engineering officially opened its new shipyard located at 55 Gul Road in a ceremony officiated by Mr Desmond Tan, Senior Minister of State, Prime Minister’s Office and Deputy Secretary-General, Singapore National Trades Union Congress. The Gul Yard was acquired in February 2023 for $95m to support the growth …
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CLdN places order for 10 newbuild container carriers
Sep 26, 2024 · CLdN confirmed the placement of an order for 10 newbuild load-on / load-off (LoLo) container vessels with delivery as from January 2027. The large order is a decisive step by CLdN in branching out into the LoLo segment with its own Container Carrier fleet. The newbuild ships will have a cargo capacity of 1,100 TEU […]
Union Maritime to build world’s greenest and most efficient long …
Mar 13, 2024 · Union Maritime Ltd, a leading tanker owner and operator, is making waves in maritime sustainability with its plan to build two new LR2 tankers with WindWings®. The two vessels, currently being built at the renowned Shanghai Waigaoqiao Shipbuilding (SWS) yard in China, will each feature three WindWings®, a cutting-edge …
SEACOR Sells Inland Barge Business to Ingram - Shipping Herald
Oct 26, 2023 · SEACOR announced it has signed a definitive agreement to sell Inland River Transport Holdings LLC (“SCF”) to Ingram, a division of Nashville-based Ingram Marine Group. “I am extremely pleased to enter this transaction with Ingram, one of the most respected river transportation providers,” said Eric Fabrikant, Chief Executive Officer of SEACOR. “As an organization, Ingram […]
Dynacom linked to LR1 newbuilding orders in China
Jan 16, 2024 · George Procopiou-led Dynacom has reportedly placed an order to build six 75,000-dwt LR1 tanker vessels at New Times Shipbuilding. Moreover, it is reported that Dynacom has ordered two LR1 newbuildings at Yangzijiang Shipbuilding. The vessels are slated for delivery in 2026 and 2027, with the cost at USD 53 million each. Overall, Procopiou companies are […]
Höegh Autoliners posts “solid” quarter - Shipping Herald
Aug 15, 2024 · Höegh Autoliners reported another record financial performance in the second quarter of 2024. The gross revenue was USD 341 million/NOK 3,665 million, operating profit (EBITDA) was USD 174 million/NOK 1,865 million, and net profit after tax was USD 174 million/NOK 1,865 million. Highlights of the quarter Andreas Enger, CEO of Höegh Autoliners, comments: “Höegh Autoliners […]