On Friday 6 February 2015, Wuchang Shipbuilding Industry Co., Ltd., China, held a steel cutting ceremony for the first of four platform supply vessels of ULSTEIN’s PX121 design being built for Otto Offshore Limited. The shipbuilding contracts at Wuchang were announced in August 2014…
The CMA CGM Group has contributed to the TRAXENS startup capital increase. Two other investment funds – CAAP Création (Crédit Agricole Group) and S.C.R. Provençale et Corse (BPPC Group) – are also part of the initiative.This capital increase…
Royal Boskalis Westminster N.V. (Boskalis) has sold its road maintenance company Aannemingsbedrijf De Jong en Zoon Beheer B.V. and the associated De Jong subsidiaries (De Jong) to the management and Foreman Capital. The De Jong activities…
United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, has today appointed The Ultramar Group as its local liner shipping agency partner in Brazil, Argentina and Uruguay. This appointment is the…
First State Investments is taking over the ferry route Helsingør-Helsingborg including the five vessels operating the line. The contract with First State Investments became effective retroactively as of 1 January 2015.In connection with the closing of the sales…
Scorpio Tankers Inc. today took delivery of STI Alexis, an LR2 product tanker from Daehan Shipbuilding Co. Ltd. This vessel will begin a voyage for 52 days at approximately $33,500 per day. The Company has also exercised an option to…
Danish-based coating supplier Hempel announced a binding agreement today to acquire Jones-Blair Company. The transaction is expected to close in early March 2015, subject to regulatory approval.Jones-Blair Company, an industrial coating supplier located in Dallas…
Mahesh Kurukulasuriya, currently a director of the GAC Group of companies in Sri Lanka, has been appointed its Managing Director. Equipped with over 12 years of international operations, commercial, customer service and management experience in shipping and supply chain management…
Jiangsu Hantong Ship Heavy Industry Co., Ltd and Vulica Shipping Limited have entered into Shipbuilding Contracts for construction of two 68,000 metric tons deadweight Self Unloading Panamax Bulkcarriers. Hantong had built and delivered two 55…
CMA CGM Opens a new branch in Constantine, (Algeria) and an agency in Sihanoukville, (Combodia)Following are the addresses in the respective countries:CMA CGM Algérie, LtdCentre d'affaires El MedinaZone Industrielle Rhumel N°…
Scorpio Tankers Inc. has taken delivery of STI Veneto, an LR2 product tanker from Hyundai Samho Heavy Industries Co., Ltd. This vessel will begin a voyage for 60 days at approximately $32,000 per day.With this Scorpio Tankers owns 63 tankers (nine LR2 tankers…
Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced a composite Scheme of Arrangement (“Scheme”) for the demerger of the ‘Port Undertaking’…
In order to accommodate construction of Ultra-Large newbuilding vessels including recently secured 20,000TEU Mega container ships (about 400m in length and about 59m breadth), Imabari Shipbuilding Co., Ltd. has decided to construct a large…
Mitsubishi Heavy Industries, Ltd. (MHI) reports it has received an order for two next-generation LNG (liquefied natural gas) carriers from Mitsui & Co., Ltd., scheduled for completion and delivery in 2018 and 2019, respectively. They will be…
NewLead Holdings Ltd. announced today that it recently added five bitumen tanker vessels to its fleet. The Company has expanded its fleet to 10 vessels in less than a year while performing on its strategy to capitalize on opportunities that arise in the market…