One of the world’s largest offshore vessel owners Tidewater has reaped the benefits of consolidation at a time when the market was in a lengthy downturn and remains hungry for more.

CVC Funds is becoming a minority investor in the coatings company which has been solely owned by Hempel Foundation for 75 years.

IKEA Supply Chain Operations will ship between Asia and Europe using biofuels to reduce CO2 emissions by around 100,000 tonnes in a year.

Fast growing container line SeaLead has shifted senior executive Ashok Pillay into a new role as Managing Director for North and Southeast Asia as it looks to expand in the region.

Container line Maersk says the risk area from Houthi attacks has expanded further offshore lengthening the rerouted voyages and increasing costs.

The world’s first ammonia dual-fuel vessel has successfully completed another phase of its ongoing sea trials in Singapore.

Terminal operator and maritime services company DP World has acquired Savan Logistics in Laos.

EU naval forces have warned in a surge of events by Somali pirates that have combined with the end of the monsoon season could result more attacks on shipping.

Houthi forces in Yemen have escalated their threat against commercial shipping to include vessels headed to Israel from the East Mediterranean Sea.