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Terminal operator ICTSI withdraws from delayed Nigeria project

Terminal operator ICTSI will, with a mutual agreement, withdraw from a more than 20-year long concession arrangement in Lekki Port in Nigeria, abandoning the project entirely. The terminal project is located in the same region in Nigeria where APM Terminals is similarly struggling with a terminal venture.

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Norwegian shipping investor debuts in dry bulk

Founder of rig company Borr Drilling, Tor Olav Trøim, is now targeting dry bulk with the company 2020 Bulkers. The plan is to list the company on the minor OTC stock exchange, reports local media Finansavisen.

Wärtsilä's Chinese venture pays off

Finland's Wärtsilä is betting on the Chinese market and has now won a contract to supply 16 engines to four new LNG vessels, states the company, adding that this order confirms growth in the country.

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