CMA-owned Ceva rejects purchase offer

Logistics company Ceva Logistics, which French CMA CGM owns part of, has rejected a purchase offer. CMA supports the decision and will now be allowed to increase its ownership stake.

"The customer is not always right"

One rarely hears a shipping company utter this phrase. But Anglo-Eastern Univan wants to pursue its own path, "even though we'll probably achieve lower returns than our listed competitors," says the company's CEO Bjørn Højgaard in an interview with ShippingWatch.

IMF director sees worsened economic outlook

Managing Director of the International Monetary Fund, Christine Lagarde, has sounded the alarm for the well-being of the global economy. International growth has plateaued, she says.

Shell, partners announce USD 31 Billion LNG Canada investment

Royal Dutch Shell Plc and its partners announced an agreement to invest in a multibillion-dollar liquefied natural gas project in western Canada – the largest of its kind in years that will carve out the fastest route to Asia for North American gas.

Wärtsilä splits business into shipping and energy divisions

Finnish Wärtsilä is splitting itself into two divisions, Wärtsilä Marine Business and Wärtsilä Energy Business, in a new restructuring effective from Jan. 1. 2019. The new structure will contribute to the company achieving its long-term growth target, says president and CEO.

China rejects ban on open loop scrubbers

Speaking to Lloyd's List, China rejects claims that the country is working on an upcoming ban on open loop scrubbers, a technology which has been criticized in several countries.

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