Braemar (incorporating The Salvage Association) has appointed David Faulkner as ‘Manager, Ports and Harbours (Middle East)’. David is a Master Mariner and pilot and will be based in the Braemar SA Abu Dhabi office. He has extensive experience…
AET will purchase the remaining 50% of Paramount Tankers that it currently jointly own (under a 50/50 joint venture agreement) with Golden Energy Tanker Holdings. Paramount Tankers is a JV which owns and operates six Aframax vessels. Commercial…
The new Scandlines ferry for the route Rostock-Gedser left the Danish shipyard FAYARD on Wednesday 20 April 2016. The vessel will be named M/V Berlin on Tuesday 3 May 2016. During the last couple of months the vessel has successfully completed…
American Eagle Tankers (AET), a subsidiary of Malaysian shipping line MISC Bhd, said that it will acquire all the remaining shares of Paramount Tankers, making the latter its wholly owned subsidiary. AET will acquire Golden Energy Tanker Holdings’ 50% stake in Paramount Tankers…
HCI Capital AG acquires the long-established Hamburg shipping company Ernst Russ GmbH & Co. KG. The HCI Group, which early in 2016 already the majority of the shares of König & Cie. Group had taken, thus expanding again the controlled fleet and strengthen its maritime services division…
Gulf Navigation Holding PJSC (GulfNav), the Dubai-based shipping company, has announced in a press conference at Rose Rayhaan by Rotana today (Tuesday, April 19, 2016), its key expansion plans to increase its assets under management and service-based revenue…
As the Korea government is pushing for restructuring of the faltering shipbuilding industry, speculation grows over a possible merger between the country’s two major shipbuilders — Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering…
Leading international marine and engineering consultancy LOC Group has announced a collaboration agreement with marine survey experts Studio Navale Canepa (SNC) of Italy. Together the two organisations are combining expertise and their global…
Terex Port Solutions (TPS) has acquired the assets of the terminal tractor product line from CVS Ferrari S.R.L. (CVS), which has been part of Manitex International, Inc. since 2010. The acquisition strengthens TPS’ position as a leader in integrated solutions for ports and terminals…
Maritime services provider Navig8 Group has agreed to buy shallow-water contractor RK Offshore Management. Singapore-headquartered Navig8 Group, the world's largest provider of maritime services, announced that it has entered into agreements…
According to WSJ report, deals involving Cosco, China Shipping, CMA CGM and Neptune Orient Lines to bring major changes in global shipping alliances. China Cosco Shipping and CMA CGM are hoping to form a new alliance with OOCL, Evergreen Line…
National Response Corporation (“NRC”) announced today it has acquired ENPRO Services, Inc., adding to its national footprint and expanding its full line of environmental, emergency response, and industrial services.Since 1983, ENPRO has been providing essential environmental…
Greece has formally signed an agreement to sell a 67% stake in the Port of Piraeus to Chinese shipping company China Cosco Holding Co. Under the deal, COSCO, the fourth-largest container shipping firm and second-largest port operator in the world…
Well management and performance improvement specialist Exceed has bolstered its decommissioning credentials through a strategic alliance with international oil and gas service company, Weatherford. The collaboration will offer an end-to-end solution for well decommissioning…
Leading maritime exhibition offers gateway to maritime and offshore opportunities in Iran Europort has become the official and exclusive international partner of IRANIMEX, the leading maritime & offshore exhibition in Iran. The agreement…