News in Numbers

German shipping company Hapag-Lloyd has entered two contracts with Chinese shipyards for 24 new container ships, totalling $4bn in investment.

DP World has unveiled plans for a £1bn ($1.30bn) expansion of London Gateway, with aims for it to become the UK’s largest container port within the next five years.

Ocean Wilsons’ subsidiary OW Overseas Investments Limited has agreed to divest its 56.47% stake in Brazilian maritime services provider Wilson Sons to SAS Shipping Agencies Services, a subsidiary of MSC Mediterranean Shipping Company, for BRL4.35bn ($765.5m).

The US Department of Transportation’s Maritime Administration (MARAD) has announced an investment of $580m in 31 port improvement projects across 15 states and one US territory.

The joint venture of ADNOC Logistics and Services with Wanhua Chemical Group, AW Shipping, has awarded $250m in contracts to Jiangnan Shipyard for the construction of two additional Very Large Ammonia Carriers.