Ship Finance International Limited has acquired three 9,000 teu capacity container ships that are under construction from an unrelated third party. The Fredriksen-led company said that the three vessels are currently being constructed to a fuel-efficient design at an undisclosed yard…
South Korean poultry processor Harim Corp. is set to wrap up its purchase of troubled dry bulk carrier Pan Ocean Co. after creditors and shareholders approved a rescue plan for the country's biggest bulk carrier. Harim, partnering with JKL Partners…
Dun & Bradstreet will acquire the entirety of Dun & Bradstreet’s ANZ business, including consumer risk and debt collection, and commercial solutions, for AUD $220 million. As part of the agreement, pending regulatory approval, Credit Data…
The state-owned infrastructure group China Communications Construction Corporation (CCCC) has established CCCC Dredging at Shanghai’s Free Trade Zone. CCCC Dredging is the first of a series of planned spinoffs as it develops into a holdings company with subsidiaries across various sectors…
Eurotunnel reluctantly sold to its subsidiary, the Calais-to-Dover ferry business, MyFerryLink the Danish DFDS, the competitor of the Channel Tunnel reports Le Monde. The company is a forced seller of the service because of antitrust action…
Incat Crowther delivered Kilimanjaro V, the eighth Incat Crowther designed vessel for the Tanzania-based operator Azam Marine.Built by Richardson Devine Marine of Tasmania, Australia, the 39m Catamaran Passenger Ferry is a rugged and efficient catamaran…
Speaking at the 4th Annual Black Sea Ports and Shipping Conference 2015 on May 29th on the subject of Black Sea Ports as agents of economic growth for the region, APM Terminals Poti Deputy Managing Director Joseph Crowley discussed the advantages…
Aker Arctic Technology Inc has acquired full ownership of Canadian based company Akac Inc, which is known in the oil and gas industry for its involvement in the Arctic offshore projects and operations. According to Aker Arctic Technology…
AVEVA Group plc announces that it has agreed to acquire FabTrol Systems, Inc. from the Dowco Group of Companies the acquisition is expected to complete by Friday 26 June 2015.FabTrol is a software business, headquartered in Eugene, Oregon…
Wärtsilä completes acquisition of L-3 Marine Systems International Wärtsilä Corporation announced that its acquisition of the Germany based L-3 Marine Systems International (MSI) has been finalized and control of the company will be transferred to Wärtsilä with effect from June 1…
Fincantieri has signed an agreement for the acquisition of a minority stake via capital injection in Camper & Nicholsons International (Camper & Nicholsons), the world leading authority in all luxury yachting activities. The agreement includes…
Crowley Maritime Corp. acquired Seattle-based Maritime Management Services, Inc. (MMS), a company with more than a decade’s worth of experience in crew management for offshore oil and gas vessels primarily in the U.S. Gulf, Singapore and Gulf of Mexico…
The Long Beach Board of Harbor Commissioners approved the Mitsubishi Cement Facility Modification Project this week, greenlighting the addition of 40,000 metric tons of additional storage capacity consisting of storage and loading silos on…
Essar Ports Limited today announced its unaudited results for the full year and quarter ended March 2015.Key Highlights:· Essar Ports takes over the Vizag Iron Ore outer harbor terminal with 2 berths on 14th May 2015. Existing operational terminal with no gestation period…
German container line Hapag-Lloyd has defied the challenging market environment in the containership market and returned to profit in the first quarter of 2015 euros as a stronger dollar and lower bunker prices helped to offset weaker freight rates…