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48-hour strike paralyzes container traffic in Spain

A 48-hour strike has completely stalled one of Europe's most important container ports, Algeciras in Spain, until Friday morning. According to Spanish media, Maersk Line plans to permanently withdraw some of its volumes from the key port. MSC vessels have been rerouted.

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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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