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Breaking news and analysis on ports, piracy, shipbuilding, and the ships that keep world trade moving.
HD Hyundai Marine Solution has agreed to buy 100% of Goltens Worldwide, a leading independent marine engine maintenance company, for approximately $247 million.
Egypt and South Korea upgraded relations to a strategic partnership and signed shipbuilding and maritime cooperation memoranda, with Cairo pitching a Korean industrial zone inside the Suez Canal Economic Zone.
Greek shipowners’ combined newbuilding orderbook has climbed past 1,000 vessels for the first time, led by a surge in tanker and bulk carrier contracts.
Greek tanker owner TOP Ships has agreed to buy four special purpose companies holding newbuilding contracts for ice-class 1A MR product tankers at Guangzhou Shipyard International, backed by seven-year charters with a major oil trader.
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