The acquisition is expected to be earnings accretive from the first full year of consolidation and is expected to meet DP World’s return targets

Grupo R also has the right to purchase the rig during the five-year charter period, although the pre-agreed sale price was not disclosed

Slower international trade and further structural changes to container shipping lines is making forecasting cargo volumes ‘challenging’, says Hutchison Port Holdings Trust

The narrow stretch of water between the two countries has been the source of dispute for many years

There are 26 crew of different nationalities onboard the vessel, with Eastern Pacific saying their safety is its paramount concern

The system can produce results within minutes while scanning emissions from as far as 50 metres from exhaust plumes