X-Press Feeders, former operator of the container ship X-Press Pearl, has issued a strong statement challenging a recent Sri Lankan Supreme Court ruling that orders the company to pay an initial $1 billion in damages within one year related to the vessel’s 2021 casualty off Colombo’s coast. The judgment, handed down in late July 2025, has sent… Read More
COSCO Shipping International Singapore Co Ltd ( (SG:F83) ) just unveiled an update. COSCO Shipping International Singapore Co Ltd has announced the successful raising of approximately S$272.2 million through a renounceable non-underwritten rights issue. The proceeds are earmarked for partially funding the construction or acquisition of logistics infrastructure, including the development of Jurong Island Logistics Hub Phase… Read More
An explosion aboard a cargo vessel near the site of the collapsed Francis Scott Key Bridge late Monday is under investigation, Baltimore and federal officials said. Part of a Liberian cargo vessel exploded, causing a fire in a portion of the ship that was located south of Fort Carroll, according to Baltimore City Fire Department…. Read More
MUMBAI: Dredging Corporation of India Ltd has sought bids for manning, operation and technical management of five of its so-called trailing suction hopper dredgers (TSHD’s) for three years which can be extended by two years as the Mumbai-listed dredging contractor owned by four state-owned major ports looks at ways to improve operational efficiencies amidst difficulties in getting competent marine… Read More
Transport volumes significantly increased Volatile development of demand and freight rates in the first half of the year Focus remains on quality, growth and performance Earnings forecast for the 2025 financial year refined Hapag-Lloyd concluded the first half of 2025 with a Group EBITDA of USD 1.9 billion (EUR 1.8 billion). The Group EBIT decreased… Read More
