Logistics giant PSA to take COSCO’s spot as DGT shareholder
Singaporean logistics giant PSA International is on course to acquire a 22 per cent minority share in the Duisburg Gateway Terminal (DGT), which is currently under construction. PSA’s initiative will lead the company to somehow...Read more
Toepfer Transport: TMI stable despite poor spot MPP market
Time charter rates in the multipurpose (MPP) vessel sector, reflected in the Toepfer’s Multipurpose Index (TMI), remain stable despite a poor spot market. The Hamburg-based shipbroker adds that looking 6-12 months forward, the assessment includes...Read more
Huisman to equip Cadeler F-class vessel with Leg Encircling Crane
The Dutch Machinery industry company Huisman has been awarded a contract by the China Ocean Shipping Offshore Company (COSCO), to design and build a Leg Encircling Crane (LEC). This LEC will be installed on the ...Read more
India detains Cosco heavy-lift ship suspected of carrying missile parts
Indian authorities have detained the Cosco-operated heavy-lift vessel Da Cui Yun on suspicions of carrying and wrongly declaring parts for missiles. The vessel was carrying an autoclave which can be used to manufacture missiles. The...Read more