Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Wan Hai Lines (Singapore) for one of its Post-Panamax container vessels, the m/v Hamburg. The global shipping company…
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NAT Gets Finance for 3 Vessels
Nordic American Tankers (NAT) has entered into final agreements with a subsidiary of Ocean Yield ASA for the financing of the outstanding commitments of $39 million per ship, due on delivery. Three NAT newbuildings are under construction at Samsung shi...
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CMA CGM Completes Sale of Los Angeles Terminal
The CMA CGM Group completed today the sale of a 90% equity interest in Global Gateway South terminal (GSS) in Los Angeles (United States) to EQT Infrastructure III (EQT Infrastructure) and its partner P5 Infrastructure (P5), for an Enterprise Value of ...
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IMO Assembly Elects New 40-Member Council
China, Greece, Italy, Japan, Norway, Panama, Republic of Korea, Russian Federation, United Kingdom, United States. Australia, Brazil, Canada, France, Germany, India, Netherlands, Spain, Sweden, United Arab Emirates. Bahamas, Belgium, Chile, Cyprus…
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BIMSTEC to Promote Coastal Shipping
Member States of BIMSTEC ( Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation ) met in New Delhi this week to discuss modalities for promoting coastal shipping in the region. BIMSTEC member countries include India…
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