CK Hutchison’s share price plunged today in Hong Kong following Beijing’s public criticism of its plans to sell the majority of its ports division to BlackRock and Mediterranean Shipping Co (MSC) for $22.8bn, bringing into […]
While there have been no attacks by the Houthis from Yemen on merchant shipping this year, shipowners are still giving the Red Sea a wide berth to the consternation of the Suez Canal Authority. Indeed, […]
Andrew Craig-Bennett provides readers with an overview of what tariffs mean for seaborne trades. A problem with trying to write about the possible effects of tariffs on the merchant shipping business is that the people […]
China’s Yangzijiang Shipbuilding has handed over the LNG dual-fuel containership, MSC Annamaria, to Switzerland-based shipping giant MSC. Jiangsu Yangzi Xinfu Shipbuilding, a unit of Yangzijiang, delivered the vessel last week. This is MSC’s fourth LNG […]
Shipping is watching movements in the Red Sea closely today to see if Yemen’s Houthis renew attacks on commercial vessels passing through the Middle East. The Houthis have said they stand by today’s deadline they […]
The Houthis in Yemen issued an ultimatum to Israel on Friday, repeating it yesterday. Unless Israel resumes shipments of humanitarian aid into Gaza by Tuesday, the Houthis will resume attacks on ships. “If the Israeli […]
The resurgence in LNG dual-fuel ship orders over methanol has been a strong theme in newbuild contracting over the past year. In no sector has this been more prominent than in container shipping where methanol […]
Li Ka-shing’s CK Hutchison has reached a blockbuster mega deal with BlackRock and Mediterranean Shipping Co (MSC) to sell 80% of its giant ports division for $22.8bn in a record-breaking ports transaction that covers 43 […]
US president Donald Trump will create a shipbuilding office within the White House and offer a number of new tax incentives for the sector. The American president revealed the new shipbuilding plans in a 100-minute […]
CSSC Holdings said in a stock exchange that its unit Jinagnan has signed a contract on Friday to build LNG dual-fuel container vessels. The order is worth between 18 billion yuan and 19 billion yuan, […]
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