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South Korean fund to support construction of 200 new ships

South Korea's shipping industry can look forward to massive support from a newly established fund, which will aid the construction of up to 200 new ships, announces the director for ports and logistics at the Ministry of Oceans and Fisheries.

Hyundai Merchant Marine
Photo: Hyundai Merchant Marine

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Snabe criticized for board positions beyond Maersk

Jim Hagemann Snabe has too many activities beyond serving as chairman of A.P. Moeller-Maersk, says major Norwegian investor KLP, and the company thus refrained from voting for Snabe at the recent Maersk general assembly. Read here how other shareholders stand on the Maersk chairman's various board postings.

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