Genting Hong Kong, announced the completion of the acquisition of Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany for the consideration of 230.6 million Euros. The deal will give Genting Hong Kong the core expertise…
Cyprus-based Ocean Rig has stepped in to buy the sixth generation ultra-deepwater (UDW) drillship Cerrado, which once drilled the giant Libra prospect offshore Brazil, following its owner Brazil-based Schahin Group bankruptcy declaration last April…
Royal Dutch Shell will close the head office of BG Group, the gas producer it agreed to acquire for $50 billion in February, by the end of the year, it said on Monday, as part of a plan to save costs and cut 10,300 jobs worldwide.The oil…
The assembly of TUI Cruises ship Mein Schiff 6 at Meyer Turku shipyard started today 25.4.2016 with the laying of the first grandblock in the big building dock. When ready in 2017, Mein Schiff 6 will be a fourth high-technology cruise ship being…
Statoil today enters the German offshore wind market, through a 50% acquisition of the Arkona offshore wind farm. Statoil and E.ON also announced the final investment decision on the 385 megawatt project.The estimated total investment for the project will be in excess of EUR 1…
Mitsubishi Heavy Industries, Ltd. (MHI) hereby announces its intent to book an extraordinary loss from its cruise ship business in the company's consolidated financial results for fiscal year (FY) 2015 (ending March 31, 2016).1. Background…
Veritas Petroleum Services (VPS) and Seagull Maritime AS announced today that they have signed a collaborative agreement that will capitalise on their complementary strengths to bring state-of-the-art fuel management training to the maritime industry…
* Maersk Line will introduce a simplified process for obtaining the Landing Certificates from May 1st , 2016 * Maersk line waives off the Landing Certificate fee of INR 1000Mumbai, 25th April, 2016: Maersk Line India has taken a major…
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…
GAC at Dubai announced two new appointments within its Group Management team.Håkan Wester takes on the new role of Group Vice President – Strategy & Planning, and is charged with coordination and supporting the implementation of GAC strategy…
South Korea’s Hanjin Shipping Co. Ltd will work with lenders to restructure debt after years of weak demand resulted in losses and cash erosion, reports Bloomberg. The board of Hanjin Shipping decided to file for receivership and give creditors authority to manage the company…
South Korean companies are briskly moving to tap into Iran's fast-growing shipping industry, regarding the Iranian boom as a breakthrough to their prolonged business slump amid the global economic slowdown. According to IRNA, the head…
Indonesian President Joko “Jokowi” Widodo has invited the Netherlands to invest in Indonesian infrastructure projects, particularly those that support Jokowi’s maritime sector development program, reports the Jakarta Post. In the maritime sector…
ExxonMobil and its employees contributed a total of $45.4 million to institutions of higher education across the country as part of the ExxonMobil Foundation’s 2015 Educational Matching Gift Program.ExxonMobil employees, retirees, directors and surviving spouses contributed $13…
A large number of Qatargas employees participated in the third annual Qatargas beach clean-up held on Saturday (23rd April) at Al Ghariya beach, 85 kilometers North of Doha.Qatargas launched the annual beach clean-up day initiative in 2013…
