MSC says acquiring Bollore SE ‘reaffirms the group’s long-standing commitment to invest in Africa and to strengthen supply chains across the continent, and to connect it to the rest of the world’

MOL plans to expand used equipment trading business following a pilot scheme in Turkey

If China expands crude purchases from Russia, any increase is likely to come via shorthaul routes in Asia, which alone could potentially account for 300,000 to 400,000 barrels per day, according to a report

Its latest purchase, estimated to cost between $659m and $700m, aims to ensure that its fleet will remain competitive

Carriers are pursuing growth through various options, including acquisitions and fleet renewal and expansion

Head of the Philippines’ maritime agency says any deficiencies are being addressed and are not grounds for potential job losses of Filipino seafarers