Nicolas Saverys-led Exmar has agreed to integrate its LNG assets and infrastructure with those of John Fredriksen’s Geveran and Flex LNG under a new USD 2.3 billion company – Exmar LNG Ltd. Belgian liquefied natural gas (LNG) carrier owner…
Harlingen-based SeaZip Offshore Service has entered into a partnership agreement with Heerema Marine Contractors (HMC). HMC, the world's market leader in transporting, installing and dismantling offshore oil and gas installations, has contracted…
ShipServ, the leading marine and offshore marketplace with an expected annual trade of $3bn in 2015, has cemented its position in Asia with the opening of a new office in Singapore.The office will be managed by ShipServ’s VP of Sales Sharon Gill and will be open for business from July 1st…
Polarcus Limited has signed a Letter of Intent (LOI) with TGS-NOPEC Geophysical Company for the sale of its multi-client projects in Northwest Europe and West Africa in return for a cash consideration of US$27.5 million and future revenue share on library late sales…
Offshore oil and gas drilling firm Northern Offshore Ltd. has reached agreement on the terms of a recommended $165m cash acquisition by Shandong Offshore International Company Limited. The NOK7.59 per share offer by Shandong has been unanimously…
As of June 26, 2015, Klein Systems Group Ltd. has changed its name to Saab Technologies Ltd. Klein Systems has been a wholly owned subsidiary of Saab AB since 2012. Saab is a $3.5 billion company serving the global market with world-leading products…
Rail, Maritime and Transport (RMT) union members at the ferry operator CalMac go on strike over the future of services of Scotland’s west coast as two thirds of CalMac routes have been suspended. CalMac will operate a third of its Clyde and Hebrides ferry services…
China Ocean Shipbuilding Industry Group (COSIG) with its unit, China Ocean LNG has bought a 47% stake in Jiangxi Petrochina Kunlun Gas (Jiangxi Gas) for a total of ($6.2m), according to a stock market statement. The Chinese yard noted the benefits of investing in Jiangxi Gas…
Harvey Gulf continues growth despite industry downturn; new affiliate Harvey Shipyard Group acquires Gulf Coast Shipyard Group Harvey Gulf International Marine (HGIM) is launching a new affiliate, Harvey Shipyard Group, to manage its shipbuilding assets…
Island Marine Services Pte Ltd and Island Marine Engineering Pte Ltd join AMI Group; Karl Nilssen appointed General Manager – AMI Marine International PTE Ltd For over 12 years Island Marine Services Pte Ltd (IMS) and subsequently Island…
United Shipbuilding Corporation (USC) has taken on 53.5122% of the voting shares of the long planned Far Eastern Plant Zvezda shipbuilding complex in Russia’s Far East. Zvezda (a company of the Far Eastern Shipbuilding and Ship Repair Center…
Performance Yacht Painting (PYP), a specialist in superyacht and megayacht paintwork, announced that it has completed the acquisition of Hydrasud activities at la Ciotat in the South of France. Founded over 10 years ago within the La Ciotat shipyards…
Euronav has entered into an agreement for the acquisition through resale of four VLCCs which are completing construction at Hyundai Heavy Industries for an aggregate purchase price of $384 million or $96 million per unit. The vessels are due to be delivered as early as September 2015…
Norstar Ship Management, the Singapore-based ship manager, has opened a crewing office in Yangon, Myanmar named “Norstar Crew Management Company Limited”. The office was formally opened by Mr Muang Muang Oo, Myanmar’s Director General of…
Genco Shipping & Trading Limited and Baltic Trading Limited have declared July 17 the date for an annual meeting of the two companies, where shareholders will vote on their proposed merger. Genco will acquire NYSE-listed Baltic Trading in a stock-for-stock transaction…
