According to a report from Finance Asia, the Chinese shipbuilder, Rongsheng Heavy Industries, raised $1.8b after pricing in the lower half of the range, in what was also Hong Kong’s third largest initial share offering this year after AIA Group and Agricultural Bank of China.
(Source: Finance Asia)
Ring Power Corporation, a provider of marine power solutions, announced an expansion of its partnership with Cox Marine,…
The headline grabbing global attention is simple enough: a shipowner reportedly paid more than $5 million for a single Panama Canal transit slot.
Commodity vessel transits through the Strait of Hormuz dwindled to just three ships on Wednesday, down from 12 a day earlier…
Oil prices fell 2% on Friday, extending losses for a third straight session as easing concerns over Saudi supply disruptions…
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