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Australia’s Fair Work Ombudsman (FWO) said that it has launched legal action against a Norwegian shipping company Transpetrol TM As alleging it underpaid foreign crew while they were working in Australian waters. The...

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Chinese state-owned corporation China Merchants Group (CMG) is looking to spread its footprint in Brazil as the company is reportedly in negotiations to buy Advent International Corp’s 50 percent stake in TCP Terminal...

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South Korea’s National Pension Service (NPS), one of the main debt holders of Daewoo Shipbuilding & Marine Engineering (DSME), has decided to work with the shipbuilder’s creditors in an effort to...

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