Shipping group CMA CGM is set to buy auto transport company Gefco, French paper Les Echos reported on Friday, citing sources close to the matter.CMA CGM declined to comment.Gefco, in which French-Italian carmaker Stellantis holds a 25% stake, will be valued at 450 to 500 million euros in the deal, t

Britain’s insolvency service has started formal criminal and civil investigations into P&O Ferries to look into the company’s decision to fire hundreds of workers without notice last month, business minister Kwasi Kwarteng said on Friday.The probe comes after P&O Ferries admitted to breaking the law

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has delivered the newly built liquefied natural gas (LNG) carrier John A. Angelicoussis to Greek shipowner the Angelicoussis Group.The Greek-flagged vessel, which is named in honor of the company's late founder John A.

Lars Thrane A/S is pleased to announce the release of Long-Range Identification and Tracking (LRIT) functionality for the MED/Wheelmark approved LT-3100S GMDSS System.The LT-3100S GMDSS System is an Iridium GMDSS satellite communications product…