Yang Ming Marine Transport Corp. (Yang Ming) has cooperated with TAIWAN FOUNDATION INTERNATIONAL PTE. LTD. and Malaysian investors to set up a joint venture depot company named Jambatan Merah Formosa Depot Sdn. Bhd at Port Klang, Malaysia.

Wan Hai Lines Ltd. held a ship naming ceremony for WAN HAI 321, WAN HAI 322 and WAN HAI 323 at JAPAN MARINE UNITED CORPORATION KURE SHIPYARD. Mrs. & Mr. Susowake , Managing Executive Officer of Mitsui Chemicals Corporation, Mrs. & Mr. Hayashi , Senior Manager of Overseas Transport Dept. Global Network Division of Toshiba Logistics Corp, Mrs. & Mr. Ni, Managing Director of America Chung Nam Japan K.K. officially named the ships respectively during the ceremony.

Rating Agency Standard & Poor’s (S&P) has published an updated report on Hapag-Lloyd today. The credit rating was raised one notch from ’B+‘ to ‘BB-’ with a ‘positive’ outlook, which is the highest credit rating assigned to Hapag-Lloyd since the research initiation by S&P in 2010. Additionally, the senior unsecured bond rating was raised to ‘B’ from ‘B-‘.

The company made the following announcement: "We are pleased to announce that on 30 September 2020 Aegean Shipping Management has entered into an agreement with Cosco Shipping Heavy Industry (Yangzhou) Co shipyard, China to construct two high specification Aframax (114K dwt tons) tanker vessels.

MSC Mediterranean Shipping Company, a global leader in transportation and logistics, said it is further exploring the viability of hydrogen and fuels derived from it as a possible fuel source for the future for container shipping, and is increasingly pioneering the use of biofuels within its existing fleet.

Scorpio Bulkers, Inc. (NYSE: SALT) (the “Company”) announced that the Company has entered into an agreement with an unaffiliated third party to sell the SBI Sousta, a 2016 built non-scrubber-fitted Kamsarmax vessel, for approximately $18.5 million.