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Dubai’s DP World Completes Danish Unifeeder Acquistion

Global port operator DP World says it has completed the acquisition of Danish logistics firm Unifeeder for $748 million.

Chinese Consortium Bags USD 1.4bln Panama Bridge Project

The government of Panama gave a US$1.4 billion contract to build a bridge over the Panama Canal to Panama Cuarto Puente, a Chinese consortium.

EU, South Korea boost discussions on Free Trade Agreement

On 6 December, the EU and South Korea discussed the South Korean shipping and shipbuilding

Transocean shareholders approve Ocean Rig acquisition

Transocean Ltd. has reported that its shareholders have approved the acquisition of Ocean Rig UDW Inc. 

Diamond S Shipping in $1.65 Billion Merger Deal

Diamond S Shipping and Capital Product Partners have announced a $1.65 billion merger of their product and crude tanker fleets.

Solstad Offshore subsidiary sells PSV Far Supplier

Solstad Offshore’s subsidiary Farstad Marine has sold PSV Far Supplier to an undisclosed buyer.

CMA CGM Sees Volumes and Revenue Rise

CMA CGM has released its third quarter results saying that volumes have risen 5.5 percent and revenue is up 6.3 percent compared to the third quarter in 2017

European Parliament votes to increase transport budget by €7bn

The European Parliament's Committee on Transport and Tourism and the Industry Committee voted to raise the general envelope of the Connecting Europe Facility (CEF) transport budget by €7bn to €33.51bn.

Heerema Fabrication Group Sells UK and Netherlands Yards

Dutch offshore construction and engineering company HFG intends to divest a significant part of its activities in the field of design and fabrication of complex steel constructions for the offshore market

Pacific Basin seals $40m loan facility with Danish Ship Finance

Dry bulk shipowner Pacific Basin has closed a $40m seven-year term loan facility with Danish Ship Finance.

ICE, CME basis-Houston WTI contracts see steady trading in opening weeks

CME Group and Intercontinental Exchange are several weeks into the debuts of their basis-Houston West Texas Intermediate futures contracts,

Ship Finance International Sells Older VLCC

Bermuda-based shipowner Ship Finance International (SFL) announced that it has agreed to sell the 2002-built VLCC Front Falcon to an unrelated third party.

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