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DP World buys into major port in Peru

Dubai-based DP World has acquired Peruvian logistics company Cosmos Agencia Maritima for a total of USD 315.7 million. The acquisition provides DP World with ownership of 50 percent of the second-largest container terminal in Peru.

London Gateway
En af DP Worlds andre havne, London Gateway. Photo: London Gateway

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Hapag-Lloyd: New BAF will break with old policies

A new bunker adjustment factor at Hapag-Lloyd will help ensure two things, explains Juan Carlos Duk, managing director of global commercial development, to ShippingWatch. The BAF will very much address longstanding criticism from customers.

No supertanker orders in the third quarter

Higher prices and concerns over the order book have meant that the number of new orders for the major VLCC vessels in the third quarter landed at zero, writes JP Morgan in a new report.

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