A China Ocean Shipping Company COSCO-China Shipping Container Lines (CSCL)merger makes financial sense, but would have huge implications for competition in the container shipping industry, according to Drewry Maritime Research. Drewry Shipping…
The Switch, a supplier of megawatt-class electrical drives for wind energy, marine and industrial applications, has opened its new global headquarters in Helsinki.According to Jukka-Pekka Mäkinen, President and CEO of The Switch, the primary…
China Merchants Energy Shipping Co., Ltd, a subsidiary of China Merchants Group, on Friday denied media reports that China Merchants Group would merge with Sinotrans & CSC Holdings Co., Ltd. CMES, an ocean transporter of crude oil and other energy sources…
Thomas Miller the international insurance, professional and insurance services provider announces the acquisition of the partners and staff of specialist marine law firm, Davies Johnson & Co of Plymouth.The acquisition brings an additional…
Edelweiss Asset Reconstruction Company has taken over management control of Bharati Shipyard, says a report in ET. Edelweiss now controls 70% of the Indian yard’s debts. A month ago plans were made to change the yard’s name to Bharati Defence…
The closed-door talks on what is believed to be merger discussions between Cosco and China Shipping continue, reports local media. According to JoC, the Chinese executives of the carriers have been tight lipped on the discussions, but it…
The Executive Committee of Euronav NV today announced that it has signed a new USD 750 million senior secured amortizing revolving credit facility led by DNB Bank ASA and Nordea Bank Norge ASA acting as Coordinators, Mandated Lead Arrangers and Bookrunners and ABN AMRO Bank NV…
The Russian Joint Venture between Rosneft, Sberbank Investments and Pietro Barbaro S.p.A. closed the acquisition of the Pietro Barbaro Group shipping assets in the Russian Federation (100% share of Prime Shipping group of companies). Prime…
Seattle-based naval architecture and marine engineering consultancy Glosten, Inc. has acquired Noise Control Engineering LLC (NCE), a consulting firm specializing in ship noise and vibration control.NCE, now a wholly owned subsidiary of Glosten…
Singapore's Keppel Offshore & Marine (KOM), via subsidiary, Keppel Offshore & Marine USA has inked a deal with Cameron International Corporation, a US-based oil and gas solutions provider, to acquire its offshore rigs business for US$100mln…
TASI HOLDINGS INC. announced today it has completed the acquisition of all shares of SignalFire Telemetry, located in Hudson, Massachusetts. This new acquisition is strategic to the growth model of TASI, and adds an exciting new wireless communication component to TASI’s Founded in 2006…
Following a management buyout, Neil Carrington, Chief Executive of CES Guernsey, has fully taken the helm and rebranded the company to CESG Limited.The new name change, with immediate effect, will allow the new management team to ensure…
Indian Register of Shipping (IRClass), a leading Classification Society, today announced it has opened offices in Abu Dhabi.Abu Dhabi is the second office location for IRClass in the Middle East, following Dubai, and reflects the society’s strong commitment to the region…
Container Freight Station Association of India (CFSAI) has set up a full-fledged Secretariat and moved to its new office at “Anchorage Building” in Dronagiri Node on 26th August 2015. Mr. Sanjeev Behari, IRS, Chief Commissioner of Customs…
NYK has concluded a contract with United Green for partial ownership of a canola flower field along the Sanriku shoreline, an area that suffered extensive damage from the tsunami that accompanied the Great East Japan Earthquake in 2011. United…
