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Sinopec targets ULCCs as missile crisis sparks orders shift to China

Oil major is conducting ultra large crude carrier test runs at two terminals, upgrading other berths and switching a quietly planned deal for ULCCs from South Korea to domestic yards

Sungdong in tanker push despite bleak prospects

Korean yard focuses on aframax and suezmax construction despite being out of orders by autumn

Maersk builds muscle for next wave of mergers

Big players have been snapping up midsize rivals so far, but a time is coming when 'you will see consolidation even within the high end'

Pending alliances provide boost to larger boxship charter market

OOCL leads the way by picking up several vessels but Alphaliner warns extra capacity will put pressure on freight rates as carriers compete for cargo