Finance

Telenor Connexion joins Business Sweden delegation to Korea to discuss next generation of transportation in smart cities. (Photo: courtesy of Business Sweden)

Swedish Transportation Delegation Visits Seoul

Sweden’s Minister for EU Affairs and Trade to Seoul, Anne Linde, and a high level Swedish business delegation, including Seth Ryding, Head of APAC at Telenor Connexion, are invited as key partners for

Palmali Lodges $2 Bln Claim Against Lukoil's Litasco

Turkey-based Palmali, one of the biggest shippers in the Caspian region, said on Monday it had lodged a claim worth almost $2 billion against Litasco, the trading arm of Russian oil producer Lukoil, with the English High Court.

Mark Charman (Photo: Faststream)

Report: Job Security an Issue for Maritime Execs

Maritime recruiter Faststream has surveyed more than 3,000 of the industry’s senior executives for a report examining maritime executives’ thoughts about their careers.   “Business leaders and executives

Photo: Port of LA

Port of LA Ready for Next Generation of Containerships

As a leading gateway for trade between the U.S. and Asia, the Port of Los Angeles must be ready for the next generation of container ships. The Port of Los Angeles TraPac Terminal is a 24 hour a day,

Australia Bans Bulker for Underpaying Crew

 A Panama flagged bulk carrier, DL Carnation, has been banned from entering Australian ports for a period of 12 months after authorities uncovered a scheme which saw the vessel’s crew being intentionally underpaid.

File photo: Hyundai Heavy Industries

Dim Q3 Forecast for Korean Shipyards

 South Korea's major shipyards are projected to report weaker-than-expected earnings for the third quarter of the year, due to increased costs and the construction of low-priced ships amid decreased new orders.

Photo: Hapag-Lloyd AG

Hapag-Lloyd Orders 7,700 New Reefer Containers

 This year, Hapag-Lloyd will once again make investments to maintain and expand its container fleet. The liner shipping company has ordered a total of 7,700 refrigerated containers (Reefers) of the latest generation – including 7,

Indian Prime Minister, Narendra Modi and the Prime Minister of Japan, Shinzo Abe at the India-Japan Business Summit, in Mahatma Mandir, Gandhinagar, Gujarat. Photo: PIB

Japan's JICA to Fund India's Alang-Sosiya Shipyards

 The Government of India signed a loan deal worth USD 76 million with Japan International Cooperation Agency (JICA), for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards.

(File photo: Port of Long Beach)

CMA CGM Confirms Order for Nine Mega Ships

CMA CGM, the world's third-largest container shipping firm, said it expected operating profits to improve further in the second half as the market continues to recover, and confirmed an order for nine giant vessels.

Image: Kawasaki Kisen Kaisha (K Line)

Toyota Backs Japanese $1.8 Bln LNG Vessel Order

 Japanese car manufacturer Toyota Motor Corporation is turning to LNG-powered ships to transport its cars across the globe, according to a report from Japanese daily Nikkei.   The company has backed

© Amarinj / Adobe Stock

Baltic Index Near Fresh 3-year High

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a fresh near three-year high on Thursday, supported by firmer rates across vessel segments.