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Banks prepare for next round of consolidation in multipurpose

In December, the two major Dutch banks ING and ABN Amro forced the first large-scale consolidation through in the ailing multipurpose sector. Now the market is waiting on what the banks will do next in the German hub for specialized vessels. Drewry eyes slight improvement in late 2017.

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SSY after Danish acquisition: "Hopefully 2+2=5"

Getting a foot in the door of Danish shipping was decisive for UK-based shipbroker Simpson Spence Young, which on Friday acquired Denmark's Bidsted & Co. "We're a good match," Chairman Mark Richardson tells ShippingWatch.

MSC to increase capacity of 11 vessels at Chinese yard

Container carrier MSC has signed a deal with a Chinese shipbuilder to increase the length of its 11 container ships, to boost their capacity to 17,000 teu. Competitor CMA CGM has also made a deal with the same yard, report several media.

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