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CMA CGM agrees to buy Mercosul from Maersk

On Tuesday, CMA CGM announced that it has entered into an agreement to buy Brazilian-flag operator Mercosul from leading ocean carrier Maersk Line. CMA CGM said that the purchase will allow it to strengthen its South American offerings, esp...

14/06/2017 Read

Shipping losses continue decline but “Perfect Storm” looms - report

Large shipping losses have declined by 50% over the past decade, largely driven by development of a more robust safety environment by ship-owners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety &...

14/06/2017 Read

BP on energy markets: Long-term shifts underway

BP has released its 66th annual review of world energy markets. Energy demand was low, renewables grew, coal lost a large share, and gas production grew very slowly, and oil consumption grew strongly. The oil and gas company said the review of 201...

14/06/2017 Read

Nord Stream: EC initiative ‘entirely unnecessary’

Nord Stream 2, the Gazprom-controlled operator of the planned Nord Stream 2 gas pipeline in the Baltic Sea, has criticized the European Commissions request for mandate to negotiate with Russia an agreement on the project. The European Commission o...

13/06/2017 Read

MSC prepares to handle Rickmers exposure

Container shipping giant Mediterranean Shipping Company (MSC) is taking steps to prepare for exposure which could emerge from Germany-based Rickmers Holding, after the company submitted an application for insolvency earlier i...

13/06/2017 Read

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