Hutchison port sale hits Panama snag
In early March, Hong Kong-based CK Hutchison agreed to divest the majority of its global port assets to the Blackrock-TiL consortium in a USD22.8 billion deal. The transaction included control of several terminal operations and a significant stake in Panama Ports Company. However, reports have since emerged that Hutchison will no longer sell its Panama Canal-adjacent assets. The deal has also drawn scrutiny from Chinese regulators, who are expected to launch an antitrust review.
Course set for industry-wide GHG pricing and fuel standards
Marine Environment Protection Committee 83 (MEPC 83) concluded with draft regulations that will set mandatory marine fuel standard and GHG emissions pricing for shipping, a first for the sector.
Peters & May partners with Burgess
UK-based specialist marine transport and logistics company Peters & May has signed a partnership with Burgess, a global yacht brokerage and management company.
IMO updates guidelines to protect seafarers
The International Maritime Organization (IMO) has adopted updated guidelines to protect seafarers from unfair treatment when detained in foreign jurisdictions linked to alleged crimes committed at sea.
MacGregor delivers SWL electric crane
MacGregor, a maritime cargo and load handling solutions provider, has delivered its modernised version of the SWL electric heavy lift crane. It wil be installed aboard dship Carriers’ multipurpose vessel Amy.
Varamar launches Middle East, India and Australia service
Breakbulk, dry bulk, oversized and containerised cargo carrier Varamar has established a new regular service connecting the Middle East, India, Indonesia, and Australia.
Toepfer Transport’s monthly multipurpose shipping rate update
RightShip and Mapsea form strategic partnership
COSCO Shipping Specialized places semi-sub order
Meriaura sees revenue growth but profit hit by restructuring
Rotra Horizon launched
UK government maps out route to carbon-free shipping
ClassNK makes key appointments and approves WAPS
2KSC optimistic but cautious for shipping sector
GRSE lands vessel order from Carsten Rehder
TX-10,000 prepared for 2025 season
NTSB proposes reviews for 68 US bridges following Baltimore collapse
Mitsubishi Shipbuilding takes orders for trio of methanol ro-ro ships
Fred. Olsen Ocean divests stake in United Wind Logistics
Proposed USTR fines for heavy lift shipping ‘unfeasible’ in free market