Following the order of five 14,500 teu containerships, Cosco Group announced that it has sold eight old bulkers with a total capacity of 553,798 dwt for scrapping at a total price of RMB155m.

THE UK has torn up a controversial no-deal Brexit ferry contract awarded to an Irish company with neither a fleet of vessels, nor the experience to operate them, after Seaborne Freight's backer, Arklow Shipping that was secretly supporting the deal with the Department for Transport pulled out, reported The Guardian, UK

IRISH budget carrier Ryanair had to cancel 150 flights from Germany to Athens, the Spanish Costas and Latvia as pilots and cabin crew walked out for more pay and less work, reported Bloomberg

IN what has been described as a sign of the new leadership after group chairman, Wei Jiafu, stepped down from office early last month, Cosco Group is pushing ahead with plans to scrap 13 older vessels