America builds 0.1 percent of the world’s ships. China builds 53 percent. Shipbuilding executive Alex Wong says he knows how to fill the gap. If America wants to defend Taiwan’s sovereignty, it needs to build more warships. China currently dominates global shipbuilding—producing vessels at a scale the United States can no longer match. Alex Wong,… Read More
As part of its fleet expansion plans, Dredging Corporation of India Limited (DCI) is acquiring 11 new dredgers over the next five years. Covering different vessel types and capacities for port and inland-waterway applications, the investment for the programme is estimated approximately to the tune of Rs 3,560 crore, proposed to be funded through a… Read More
Cochin Shipyard Limited has officially signed a Share Purchase Agreement to acquire a 23 per cent equity stake in the Netherlands-based ship design and engineering company Conoship International Holding BV. The strategic transaction is valued at a cash consideration of €2.30 million (approximately ₹25 crore), the company said in a stock exchange filing. The deal… Read More
Port giant International Container Terminal Services Inc. (ICTSI) has bought out the minority shareholder in its Brazilian logistics subsidiary, giving it full control of a business spanning warehousing, distribution and transportation. In a disclosure on Friday, the Enrique Razon Jr.-led company said it had signed an agreement to acquire the remaining 30-percent stake in iTracker… Read More
