Hanwha Ocean appoints new face to head its engineering and offshore arm
South Korean shipbuilder grows its international management team
‘Fire safety and seafarer welfare’: Old failings remain for ship detentions in Europe despite dip
Fire safety and seafarer welfare among issues that prompted detentions by port state control in 2023
Canada Makes Progress in Two of its Major Arctic Projects
After long delays, Canada is racing to complete two of its critical Arctic projects, with the country looking to open…
Fed gets heartening inflation data, but slow road ahead
U.S. Federal Reserve officials got encouraging data on Friday suggesting inflation is cooling, a welcome development after stronger-than-expected price increases…
Large European Banks’ Net Interest Margins Likely to Have Peaked
Net interest margins (NIMs) at most of Europe’s largest banks are likely to have peaked, Fitch Ratings says in a…
S&P affirms China’s sovereign credit rating, validating economic resilience
S&P Global Ratings’ decision to maintain “A+” long-term and “A-1” short-term foreign and local currency sovereign credit ratings on China…
Korea’s imports of crude oil fall 2.5% in 2023
Korea’s imports of crude oil fell 2.5 percent on year in 2023, data showed Friday, as consumption of petroleum products…
Cool Carriers muscles into melon trade with new Brazil-Europe contract
While Cool is “cash rich,” it is under pressure to fill the newbuild capacity it already has as well as…
Ocean shipping faces sobering reality of long-term diversions around southern Africa
As the crisis in the Red Sea hits seven months with no end in sight, the container shipping market has…
Maersk, citing ‘integration challenges,’ says won’t pursue DB Schenker acquisition
The forwarder’s enormous staff count and a lack of investment in logistics infrastructure contributed to the carrier dropping out, a…