DP World and Evyap Group complete strategic merger in Turkey
Logistics company DP World has completed a strategic merger with the Evyap Group to combine the operations of the Ports…
16 Jul 2024
TORM adds eight vessels to fleet with €340m purchase
Danish tanker shipping company TORM has increased its fleet after purchasing eight second-hand Medium Range (MR) vessels in a €340m ($371m) agreement. The operator will bring its total fleet size…
10 Jul 2024
CMA CGM invests in Pasqal to explore quantum computing in maritime
Shipping giant CMA CGM has invested in quantum computing company Pasqal to introduce the technology into its operations and explore its maritime applications. The two French companies formed a strategic…
02 Jul 2024
Crystal Cruises rebuilding fleet with two vessel order at Fincantieri
The relaunched Crystal Cruises will add another two ships to its fleet after signing an agreement with Italian shipbuilder Fincantieri for the construction of new cruise ships. The 690-passenger capacity,…
27 Jun 2024
SAS gets shareholder approval for GCC buyout
MSC subsidiary SAS Shipping Agencies Services has reached the “minimum acceptance” threshold with shareholders of its acquisition target Gram Car Carriers (GCC), clearing the way for the company to finalise…
21 Jun 2024
Hanwha acquires Philly Shipyard for $100m
US shipbuilding company Philly Shipyard has sold to South Korea’s Hanwha in a deal worth $100m, following months of rumours about the sale. The share purchase agreement will see Hanwha…
20 Jun 2024
Unifeeder and MPC sign decarbonisation partnership
Logistics company Unifeeder and MPC Container Ships have formed a new strategic collaboration focussed on decarbonisation investments to drive both companies’ emissions targets. The joint investments will focus on Energy…