HMM last month revealed it had bought a pair of Hanjin Heavy large boxship resales for $162m, as well as inking orders at Daewoo Shipbuilding & Marine Engineering (DSME) for five firm plus five option VLCCs. The five firm orders are costing $419m.
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HMM details new share plan
South Korea's Hyundai Merchant Marine (HMM) detailed plans on Friday to raise KRW693.6bn ($614m) for two share sales. Cash raised will go on new ships and terminals, HMM said in a release.
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Saudi Aramco petroleum storage site hit by Houthi attack, fire eruptsThe Saudi-led coalition says the barrage of drone and missile attacks by the Yemeni rebel group did not cause any casualties.
Bangladeshi bulk carrier hit by Russian Navy missile: 1 crew diedUnconfirmed reports this morning from Bangladesh are that one of its sailors was killed in the latest Russian missile attack on a commercial ship.
Two Ukrainian commercial ships seized by Russians, Ukraine saysTwo more Ukrainian commercial vessels with crews onboard have been seized by the Russian Navy in the northwestern part of the Black Sea amid Russia’s military attack on Ukraine.
World’s Largest Shipping Lines Suspend Shipping to RussiaThe world’s three biggest container lines on Tuesday temporarily suspended cargo shipments to and from Russia in response to Western sanctions on Moscow following its invasion of Ukraine, in a further blow to trade with the country.
Mediterranean moves a step closer to becoming an ECACountries within the European Union along with Mediterranean littoral states have come together to lodge an official proposal with the International Maritime Organization (IMO) to make the Mediterranean an emission control area (ECA) for sulphur oxides.
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