GasLog announces sale and leaseback of GasLog Salem

GasLog Ltd. announced the completion of the sale of GasLog Salem to a wholly owned subsidiary of China Development Bank Leasing for $128 million, r...

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Tata Group to acquire 100% stake in Air India

Tata group has emerged as the successful bidder of the divestment process of the national carrier Air India. The Tata group’s holding company...

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Airbus joins DAX stock exchange index in Germany

Airbus SE has become a member of the new DAX40 index in Germany. On 3 September 2021, Deutsche Börse completed the expansion of the DAX from ...

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Euroseas acquires a 1,740-teu 2006-built containership for $25.5 million

Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced tha...

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Delta celebrates 75 years of leading the cargo industry

Seventy-five years ago, Delta made its official but humble entry into the cargo business: 200 pounds of freshly picked mushrooms loaded aboard a DC...

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Jas Worldwide to acquire Greencarrier Freight Services

JAS Worldwide, the global freight forwarding services provider headquartered in Atlanta, Georgia, is pleased to announce that it has signed a Share...

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SEACOR Holdings announces acquisition of U.S. Shipping Corp

SEACOR Holdings Inc. announced the completion of its acquisition of U.S. Shipping Corp, a privately owned, leading provider of long-haul marine tra...

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Oldendorff Carriers invests in navigation technology

Oldendorff Carriers, a leading dry bulk owner and operator who is celebrating its centennial birthday this year, have decided to invest and become ...

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Hapag-Lloyd reveals strong performance in half-year results

Hapag-Lloyd published its figures for the first half year of 2021 today. It concluded with an EBITDA of USD 4.2 billion (EUR 3.5 billion). The EBIT...

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MPC Container Ships closes Songa acquisition

MPC Container Ships ASA announces that it has completed its acquisition of Songa Container AS pursuant to the share purchase agreement to acquire 1...

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MPC Container Ships secures $70 million revolving credit facility

MPC Container Ships ASA is pleased to announce that it has entered into a USD 70 million three-year revolving credit facility agreement with CIT Gr...

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Diana Shipping signed a supplemental agreement with Nordea Bank

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that on July 29, 2021, it signed, thro...

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KfW IPEX-Bank supports Hapag-Lloyd’s LNG-powered ULCV project with green loan

KfW IPEX-Bank is supporting its long-standing customer Hapag-Lloyd with its second Green Loan within six months – to finance the construction...

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PayCargo launches Freight-Pay for FIATA members

FIATA International Federation of Freight Forwarders Associations, in collaboration with PayCargo, a leading financial technology company, has laun...

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Marubeni, NYK, and TDG agree on electronic money platform for seafarers

Marubeni Corporation (Marubeni), NYK Line, and Transnational Diversified Group (TDG) have agreed on Marubeni’s acquisition of a stake in MarC...

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SFL acquired two medium sized container vessels with long term charters

SFL Corporation Ltd. announces that it has agreed to acquire two medium sized container vessels in combination with long term charters to a leading...

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Euronav sold a 2002-built 149,989-dwt suezmax for $16.3 million

Euronav NV has sold the Suezmax Filikon for USD 16.3 million. A capital gain on the sale of approximately USD 9.3 million will be recorded in the...

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Frontline buys six ECO VLCC newbuilds for $565.8 million

Frontline Ltd. announces that it has entered into an agreement for the acquisition through resale of six latest generation ECO-type VLCC newbuildin...

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Genco Shipping to acquire two modern, fuel-efficient ultramax vessels

Genco Shipping & Trading Limited announced that it has entered into agreements to acquire two 2022-built 61,000 dwt Ultramax vessels to be cons...

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Diana Shipping announces a new loan

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that on May 14, 2021, it signed a susta...

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