Klaveness Combination Carriers CEO Engebret Dahm remains unimpressed by IMO's role as a regulator, and he does not think anything new or better will come from the next MEPC in November.

August represented a historic low point for container carriers' schedule reliability. Only three out of ten container vessels – or 33.6 percent – managed to deliver goods on time, according to new figures from Sea-Intelligence. Reliability hasn't been lower in the ten years the analyst firm has monitored reliability.

Maersk sells container factory MCI to China International Marine Containers in a transaction worth USD 987.3 million. MCI's 2,300 employees will transfer to the new owners.

Manufacturer of ballast water systems Bawat joins Danish Maritime in leveling criticism against large shipping organizations' proposal to postpone the deadline for submitting ballast water data to the IMO. It is "unfortunate," the CEO tells ShippingWatch.

A group of Norwegian investors acquire a drilling rig at a price of USD 2.5 million, corresponding to less than 1 percent of the original buying price, writes Finansavisen.