Consolidation through mergers and acquisitions has been a very prominent trend in the container shipping industry, and more recently the tanker sector.
Liner majors such as Maersk Line, Hapag-Lloyd and CMA CGM have already availed of the opportunity to bolster their fleets and reap the benefits.Read More
Ever since the collapse of Lehman Brothers almost a decade ago and the collapse of world trade which followed, the shipping industry has been plagued with a recurring theme: intense volatility of the freight market, with very steep ups and downs in what seemsRead More
Ship owners are still looking to modernize their dry bulk fleet in a bid to maximize earnings once the looming up cycle is well underway. Read More
The Jacksonville Harbor Deepening project has commenced after a decade of study, independent review, public input and full regulatory approval.
The contractors for the U.S. Army Corps of Engineers, who launched the deepening works on February 3, plan to take the federal shipping channel to a depth of 47 feet.Read More