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International Maritime

VLCC Aground In Indonesia Waters Blacklisted By US 

The Djibouti-flagged VLCC Young Yong which grounded in Indonesia waters of the Singapore Strait on 26 October has been blacklisted by the US as part of network supporting Iranian oil shipments in breach of sanctions. The fully-laden…

Hapag Lloyd Set To Buy SAAM Port Terminals At $1bn Deal

Chile-based SAAM has agreed to sell its port terminals and logistics operations to Hapag-Lloyd in a whooping $1bn transaction. The deal includes 100% of SAAM Ports and SAAM Logistics as well as real estate assets related to the logistics…
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