Water levels on the Rhine in Germany continue to fall in hot weather, sending shipping costs higher because vessels cannot sail on the river fully loaded, vessel brokers said on Friday.Freight shipping on the river continues but with vessels…

Shipping group A.P.

Asset manager Atlas Corp said on Thursday it received a takeover offer from consortium group Poseidon Acquisition Corp in an all-cash deal for $3.64 billion.Poseidon, which comprises Atlas' board chairman David Sokol, affiliates of Canadian investment company Fairfax Financial Holdings Ltd, the Wash

Australian shipbuilding group Austal Limited announced its Austal Australia arm has delivered the second of eight Evolved Cape-class Patrol Boats (ECCPB) to the Royal Australian Navy.The vessel, ADV Cape Peron, was officially accepted by the…