Business

SEACOR Marine forms new JV in Brazil to acquire UP Offshore

BusinessDecember 21, 2018

SEACOR Marine Holdings Inc. announced the acquisition of UP Offshore Ltd. by a new joint venture company

Positive outlook for LNG Shipping

BusinessDecember 19, 2018

The LNG shipping market is expected to enjoy a positive foreseeable outlook with demand on the rise on the back of a global thirst for cleaner fuels

Nordic American Offshore Bags PSV Contract

BusinessDecember 15, 2018

Bermuda-headquartered Nordic American Offshore (NAO) has been awarded a two-year fixed contract for the Platform Supply Vessel (PSV) built in 2015, 'NAO Viking'.

US OSV utilisation set to continuing rising if owners act ‘rationally’

BusinessDecember 13, 2018

Rates for OSVs in the US remain underwater but utilisation levels are starting to rise and a “rational” approach to stacking and drydocking by owners could see pricing power start to return.

Scorpio Group acquires Nordic American Offshore

BusinessDecember 13, 2018

The Scorpio Group has taken control of Nordic American Offshore (NAO) in a deal worth US$5M.

Dubai’s DP World Completes Danish Unifeeder Acquistion

BusinessDecember 8, 2018

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

BusinessDecember 8, 2018

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

BusinessDecember 8, 2018

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

Transocean shareholders approve Ocean Rig acquisition

BusinessNovember 30, 2018

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

BusinessNovember 29, 2018

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

BusinessNovember 26, 2018

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

CMA CGM Sees Volumes and Revenue Rise

BusinessNovember 24, 2018

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

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