Mercator acquires Chinese built bulker

Indian-owned dry bulk shipping company Mercator Lines has taken delivery of a Chinese-built dry bulk carrier and renamed it ‘Gauri Prem’.

According to a transport ministry survey, the Egyptian port industry is in need of another 15 million TEU of capacity in the next two decades.

The Ministry of Land, Transport and Maritime Affairs (MLTM) of Korea has announced that it will be de-registering insolvent shipping companies.

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