Condor Ferries, an operator of passenger and freight ferry services between UK and France, has been sold to a consortium including the French shipping company Brittany Ferries.Brittany Ferries, in consortium with the Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF)…
South Korea’s leading shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has submitted an application to the European Union for approval for its takeover of the compatriot shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME)…
Finland-based integrated gas company Gasum takes steps forward in its growth strategy by acquiring AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG.'These acquisitions will enhance the development of the Nordic…
Hackers demanded about $5 million in bitcoin from Mexico's Pemex, they told Reuters on Tuesday, saying the state oil firm missed a special discount by not paying immediately after a cyberattack that fouled up the company's systems.The hack, which Pemex said it detected on Sunday…
German shipping asset manager MPC Capital has acquired a strategic stake of 50 percent in compatriot tanker chartering company Albis Shipping & Transport.The Hamburg-based asset and investment manager informed that, Albis, led by Kim Moeller…
Maritime trade between Arctic destinations and the rest of the world is expected to expand and an increasing number of ships are now undertaking voyages in polar waters. Technical developments in ship design and equipment continue to facilitate more and more ship operations in remote polar areas…
Pirates attacked a Greek oil tanker off the coast of Togo in the early hours of Monday and fled after taking four crew members as hostages, the West African nation's navy said, two days after a similar attack in the waters of neighbouring Benin…
French shipbuilders Naval Group and Italy's Fincantieri announced the name of the 50/50 joint venture NAVIRIS.The name was presented during the recent Steering Committee held in Genoa (it meets every quarter alternatively in France and Italy)…
United States Marine, Inc. (USMI) and Brunswick Commercial and Government Products (BCGP) are pleased to announce they have entered into a Memorandum of Understanding to explore potential business opportunities.USMI and BCGP have a history of…
This evening the U.S. House of Representatives passed by a recorded vote the Full Utilization of the Harbor Maintenance Trust Fund (HMTF), H.R. 2440. The vote was 296 in favor and 109 opposed. The voting required a two-thirds super majority…
China's Unipec has resumed using tankers owned by COSCO weeks after it suspended bookings due to U.S. sanctions on some of the Chinese shipping company's subsidiaries, trade sources said on Tuesday.Refinitiv data showed one COSCO owned tanker - belonging to a subsidiary not affected by the U…
The Norwegian Competition Authority has rejected the proposed merger between Scandinavian offshore accommodation/construction support providers Prosafe and Floatel.Oslo-listed accommodation services player Prosafe in a press release said that it will study the decision in detail…
Qatar Navigation (Milaha) reported a 5% year-on-year increase in net profit to QR419mn in the first nine months of this year on account of the earnings expansion in its maritime and logistics business as well as gas and petrochem.The company's earnings-per-share was QR0…
Macquarie Infrastructure and Real Assets (MIRA) has agreed to lift its shareholding in the 576-MW Gwynt y Mor offshore wind farm in the UK by purchasing an additional 10% stake for an undisclosed sum.MIRA has managed a 10 per cent stake in Gwynt…
Francis Alvarez, owner of a large freight forwarding company, pleaded guilty to an antitrust charge for her role in a multi-year, nationwide conspiracy to fix prices for international freight forwarding services, the Department of Justice has announced…
