News

Belgium’s CMB.TECH and one of Europe’s largest dry bulk owners, Golden Ocean, have signed a term sheet for a stock-for-stock merger that will create a maritime giant with a combined fleet of more than 250 vessels. Under the agreement, unanimously approved by the boards of both companies, the […]

Swiss-based offshore geotechnical data acquisition specialist Geoquip Marine has been awarded a survey contract by clean energy asset manager Luxcara for the Waterekke offshore wind farm in the German North Sea. The Njord Partners’ portfolio company, led by former PGS boss Rune Pedersen, said the […]

The Royal Dutch Sea Rescue Society (KNRM) has stated that it evacuated two injured crewmen from an OSV that hit the base of an offshore wind turbine in the North Sea. The 1990-built Glomar Venture, owned by the Dutch offshore support vessel player Glomar, made a call for medical evacuation around 7 […]

The Korean-controlled Philly Shipyard is gearing up to build the first LNG carriers in America since the 1970s. Following last week’s announcement by the US Trade Representative (USTR) on port fees designed to boost American shipbuilding, Hanhwa Ocean, which bought Philly Shipyard last year, has […]

The Federal Maritime Commission (FMC) in the US has classified the Chinese-Polish Joint Stock Shipping Company (Chipolbrok) as a controlled carrier of the People’s Republic of China (PRC) and is adding it to the commission’s controlled carrier list. The company, with 31 MPPs in its fleet, is […]

Andrew Craig-Bennett on another virulent form of sea blindness. Timor arcium griseorum. I hope I have got the Latin for “Fear of grey boxes” correct, because it is the widespread fear – almost a medical condition – of container shipping that I want to write about. There was a time when fear […]

Gianluigi Aponte’s Mediterranean Shipping Co (MSC) has returned to Hengli Heavy Industry for a new series of LNG dual-fuel megamax containerships. Shipbuilding sources in China report the Swiss-based liner giant has signed up for six 22,000 teu newbuilds at the yard formerly known as STX Dalian. […]

India’s largest private ports and logistics company, Adani Ports and Special Economic Zone (APSEZ), has acquired the North Queensland Export Terminal (NQXT) in Australia in a non-cash deal worth about $2.54bn. The transaction involves the purchase of Abbot Point Port Holdings (APPH), a […]

Global port operator International Container Terminal Services Inc (ICTSI) has bought a 47% interest in a former shipyard, Estaleiro Inhaúma, in Rio de Janeiro, which will be used to expand its port facilities in the city.  “In the immediate future, the said property will be used by ICTSI Rio […]

Hong Kong-listed Secon Shipping is growing its dry bulk fleet with an ultramax newbuilding at Tsuneishi Zhoushan Shipbuilding. The Qingdao-based owner and operator is paying $38.34m to see the Tsuneishi-controlled Chinese yard, in which Yangzijiang Shipbuilding also holds a 34% stake, deliver the […]