France has received EU backing for a new decree allowing the government to block foreign takeovers of French companies in strategic industries, Economy Minister Arnaud Montebourg said on Thursday.In a surprise move, the government widened…
Peute Recycling, a Netherlands-based recycling firm, has announced plans to undertake a significant investment at its recycling facility, located in Dordrecht, near the port of Rotterdam.The company says it will lay asphalt on 6,000 square meters of its facility in the summer of 2014…
The owners of the respective harbours, municipalities of Umeå and Vaasa, have agreed to set up a joint company, Kvarkenhamnar AB.The new entity with head office in Umeå will take over port management from the Swedish and Finnish local governments as from the 1st of January…
China's increasing regulatory influence over international mergers and acquisitions has helped to create the hottest new commodity in its legal industry: anti-trust lawyers.Six years ago, China did not even have a legal system for regulating the impact of M&A on competition…
Germany's closely held Meyer Werft and the Finnish government are nearing a deal to buy the Turku shipyard in southwestern Finland from STX Europe , the Finnish economy ministry said on Monday.STX Europe belongs to Korean STX. The Turku…
Cargo-carrying unit, OEG Offshore, announced its gain of OSCA Environmental Services Ltd., saying the acquisition expands its international reach in the Caspian region.OEG has acquired OSCA's 2,500-unit stock has multiple bases including: Baku…
From July 1, 2014, Dampier Port Authority will be merged with Port Hedland Port Authority to form a new body named Pilbara Ports Authority, GAC reported in its daily hot news report.The Western Australian Government recently passed the Ports Legislation Amendment Bill 2013…
Netherlands’ based WEKA Boxcoolers B.V., manufacturer of copper nickel boxcoolers, was recently purchased by Dunlap & McCullough Holdings LLC, a holding company owned by Paul Fernstrum, Sean Fernstrum, and Todd Fernstrum. Paul Fernstrum, Sean Fernstrum…
BMT Group Ltd (BMT) has announced a solid financial performance for the year to September 30, 2013. Although market conditions have been challenging, BMT secured revenues of £163.3m, an increase of 5% year on year, with underlying operating profits of £11…
Suppliers without liquidity will lose out to financially robust organizations offering better terms. Dynamic Oil Trading has highlighted liquidity and credit as the single biggest challenge in the shipping industry when it comes to fuel supply…
NewLead Holdings Ltd. (NASDAQ: NEWL) said that 'Newlead Albion', a 2012-built dry-bulk eco-type Handysize vessel of 32,318 dwt, was delivered to NewLead's fleet on Monday, May 19, 2014.The Newlead Albion is trading on the spot market and is expected to generate $2…
Hayward also CEO of London-listed oil firm Genel. Source: Hayward will eventually step down from Genel. Genel declines to comment.Glencore Xstrata named Tony Hayward, the ex-BP chief severely criticized for his role in the Gulf of Mexico oil spill…
BSR’s Clean Cargo Working Group (CCWG) and the Clean Shipping Index (CSI)— two environmental reporting initiatives for ships and ship operators—signed a memorandum of understanding to collaborate for cleaner, more efficient shipping. Through this agreement…
AGR’s Reservoir Management UK division (RM UK) is gearing up for a busy year ahead and has grown its sub-surface department with the addition of Steve Adams, Principal Geologist. Steve, who will be based in AGR’s Aberdeen office, has over 30 years’ experience in the oil and gas industry…
Royal Dutch Shell capped a strong first quarter reporting season for oil majors with better-than-expected results which were boosted by gas earnings, while shareholders were rewarded with a higher dividend.Shares in the company were up…
