Following a successful Network Innovation Competition bid in 2015, DNV GL has secured innovation funding from SGN to partner in a project to demonstrate the viability and practical reality of a mixed-source, energy-centric gas network for the future…
CMA CGM S.A. (CMA CGM) and PSA Singapore Terminals Pte. Ltd. (PSA) will form a joint venture company CMA CGM-PSA Lion Terminal Pte. Ltd. (CPLT) to operate and use four mega container berths at Pasir Panjang Terminal Phases 3 and 4 in Singapore…
The dry bulk shipping industry may not emerge from a protracted downturn for another two years and some smaller firms will be squeezed out, the chairman of France's Louis Dreyfus Armateurs said on Tuesday. The dry bulk sector that transports…
Amid a takeover by France’s CMA CGM, Singapore container shipper Neptune Orient Lines (NOL) has named a new chief executive officer and chief financial officer. Nicolas Sartini will take over as chief executive officer, succeeding Ng Yat Chung…
The Korean government has said that it will consider merging ailing Hyundai Merchant Marine (HMM) and Hanjin Shipping should they successfully normalize their management, according to The Korea Times. 'Once the normalization program for the two shipping companies is wrapped up…
SpeedCast International, a provider of high-speed broadband connectivity to the global maritime industry, has entered into a strategic partnership with Inmarsat, positioning Inmarsat’s new Fleet Xpress service, powered by the Global Xpress (GX) network…
The buy-out of the Greece's Piraeus Port by Chinese shipping giant COSCO is closer to completion, as shareholders approved a new concession agreement, reports Reuters. Greece had already agreed in April to sell a 67 percent stake in Piraeus to COSCO for $415…
Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK) has agreed to invest in EMAS Chiyoda, a subsea services joint venture between oilfield services firm Ezra Holdings Ltd and Chiyoda Corp. NYK has reached an agreement with Ezra…
France’s CMA CGM now holds over 78 percent of the shares in Neptune Orient Lines (NOL), bringing it closer to taking the Singapore company private. CMA CGM currently owns approximately 78.07% of all NOL shares, and does not intend to preserve the listing status of NOL…
Chief Executive Officer Njaal Saevik in offshore service vessel owner Havila Shipping told Reuters in a telephone interview:From Havila's point of view 'it may be reasonable to consolidate (the industry) but we believe each company needs…
CMA CGM has finally made its all-cash voluntary conditional general offer for all the outstanding shares of Neptune Orient Lines (NOL). This follows approvals by the relevant regulatory authorities in the European Union and China. The offer price is SGD 1…
After last week's media reports that an undisclosed party was looking to buy Singapores offshore marine company Otto Marine Limited, the company said that it received a proposal from RHB Securities Singapore Pte Ltd (RHB). RHB is the financial adviser to the potential offer…
6 June 2016. GTT has inaugurated, on June 3rd, its office in Shanghai: GTT China. Several officials from Chinese companies in the transport and industry of Liquefied Natural Gas (LNG) sectors attended the ceremony, in the company of Adnan Ezzarhouni…
Indian conglomerate Adani Enterprise Ltd may walk away from its proposal to build one of the world's biggest coal mines in Australia, citing long delays caused by legal challenges to the project by groups concerned about the environment.Adani…
The Middle East container shipping group United Arab Shipping Co. (UASC ) met with shareholders at the company's corporate office in Dubai to discuss a possible combination with German rival Hapag-Lloyd, but no decision was finalized. According to sources…