News Flash | Sea and Job

Wartsila to transfer its manufacturing site in Trieste, Italy to shipping company MSC

In July 2022, technology group Wartsila announced a plan to ramp down manufacturing in Trieste and to centralise its 4-stroke engine manufacturing in Europe to Vaasa, Finland. The production activities in Trieste have since been discontinued, with manufacturing...

Jones Act Investments Strong as JP Morgan Group is Latest in the Sector

Investor interest in the protected U.S. Jones Act shipping market is growing as demonstrated by the news that a group advised by J.P Morgan Global Alternatives’ Global Transportation Group has taken control of Bold Ocean. The announcement of the transaction comes on...

China’s first 10,000 DWT methanol dual-fuel integrated electrically-propelled inland bulk carrier completes sea trial

On July 29, China’s first domestic 10,000 DWT methanol dual-fuel integrated electrically-propelled inland bulk carrier “Guoneng Changjiang 01” successfully completed the sea trials. “Guoneng Changjiang 01” carrier is built by Hubei Hechuang Heavy Industry, and design...

APSEZ kicks Off FY25 With A strong 47% PAT Growth In Q1

Adani Ports and Special Economic Zone Ltd (“APSEZ”) today announced its results for the quarter ending 30 June, 2024. “FY25 has begun on a strong note for us with stellar performance on both financial and growth fronts. On the financial front, we posted all-time high...

Havila Shipping ASA: Information on the development of the company’s debt

Information on the development of the company’s debt Reference is made to previous statements, most recently in the interim report for the first quarter of 2024, related to restructuring of the company’s debt. By the end of September, the lenders...

Maersk Sees Red Sea Disruption Lasting Through 2024

The global transport disruptions caused by the conflict in the Red Sea will last longer than expected and won’t be solved this year, according to A.P. Moller-Maersk A/S, a bellwether for world trade. The comments come as Maersk on Thursday raised its financial...

Wartsila to transfer its manufacturing site in Trieste, Italy to shipping company MSC

Jones Act Investments Strong as JP Morgan Group is Latest in the Sector

China’s first 10,000 DWT methanol dual-fuel integrated electrically-propelled inland bulk carrier completes sea trial

APSEZ kicks Off FY25 With A strong 47% PAT Growth In Q1

Havila Shipping ASA: Information on the development of the company’s debt

Maersk Sees Red Sea Disruption Lasting Through 2024

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