The European Union (EU) has approved merger regulations for the planned integration of the container shipping activities of Compañia Sud Americana de Vapores (CSAV) into Hapag-Lloyd. Hapag-Lloyd and CSAV signed a binding business combination agreement in April. Its implementation is subject to the approval of regulatory authorities. The European Commission’s merger approval is the result […]
September 12, 2014 | Posted in
Americas,
Company News,
Europe & Eurasia,
Featured,
News by topic,
NEWS category,
Press releases,
Regional news,
Shipping News,
Top Stories |
Read More »
Chinese container ship Tao Yan sank following a collision with another container ship Gang Tai Tai Zhou on August 25 some 10 nautical miles off Tianjin port, the Bohai Sea, China. Tao Yan’s side cargo holds under the waterline were breached by Gang Tai Tai Zhou’s bow, allowing for water ingress and causing the vessel to list heavily and subsequently […]
Danish-based shipping company TORM has reached an agreement in principle to extend its working capital facility and support its ongoing recapitalization efforts, as announced by TORM CEO Jacob Meldgaard. The agreement in principle was reached with the Coordinating Committee of Lenders regarding an extension of the existing Super Senior Working Capital Facility by six months […]
Wärtsilä has signed Technical Management Agreements with four Greek liquefied natural gas (LNG) ship owners, Maran Gas Maritime Inc, Dynagas Ltd, TMS Cardiff Gas Ltd and Thenamaris LNG Inc. All agreements cover Condition Based Maintenance for a total of 80 Wärtsilä 50DF dual-fuel engines for a five year period. The agreements have been signed […]
July 15, 2014 | Posted in
Also in the news,
Company News,
Equipment News,
Europe & Eurasia,
Featured,
News by topic,
NEWS category,
Press releases,
Regional news,
Shipbuilding News,
Shipping News |
Read More »
United Arab Shipping Company S.A.G. (UASC) has concluded a bilateral facility worth USD 190 million with Burgan Bank’s Corporate Banking Group to finance the acquisition of two 14,000 TEU vessels forming part of UASC’s newbuilding order of seventeen vessels, comprised of eleven 14,000 TEU vessels and six 18,000 TEU vessels. UASC has ordered these ultra […]
June 26, 2014 | Posted in
Company News,
Featured,
Middle East,
News by topic,
NEWS category,
Press releases,
Regional news,
Shipbuilding,
Shipbuilding News,
Shipping News,
Top Stories |
Read More »
The National Shipping Co. of Saudi Arabia (Bahri) informed that it had signed a Murabaha financing agreement on Sunday, June 22 with JPMorgan Chase Bank, N.A. (Riyadh Branch), Samba Financial Group and the Saudi British Bank (SABB) for SAR 3.18 billion ($848 million) to finance the cash consideration of Vela merger and the costs associated […]
Yangzijiang Shipbuilding (Holdings) Limited has secured a shipbuilding contract for four 260,000DWT very large ore carriers (VLOC). The shipbuilding contract was secured from an Australia based ore company listed on the Australian Securities Exchange and the contract is the first of its kind in Yangzijiang’s orderbook. Even though the Australian customer remained undisclosed, the contract […]
June 18, 2014 | Posted in
Asia Pacific,
Company News,
Featured,
Headlines,
News by topic,
NEWS category,
Press releases,
Regional news,
Shipbuilding News,
Shipping News,
South & Central Asia |
Read More »
Heads of Agreement to supply up to 3 million tons of liquefied natural gas (LNG) per year by Yamal Trade to Gazprom Marketing & Trading Singapore (GM&TS) from the Yamal LNG project was signed on Friday, May 23 by Alexey Miller, Chairman of the Gazprom Management Committee and Leonid Mikhelson, Chairman of the NOVATEK Management […]
May 26, 2014 | Posted in
Asia Pacific,
Company News,
Europe & Eurasia,
Featured,
News by topic,
NEWS category,
Regional news,
Shipping News,
South & Central Asia,
Top Stories |
Read More »
Thrustmaster of Texas, a manufacturer of commercial marine propulsion equipment based out of Houston, closed out this year’s OTC by signing a contract with the Dutch Barge Company Thursday to supply a complete thruster package. Thrustmaster is staged to supply a complete thruster package to outfit a multi-purpose offshore supply vessel that will be classed […]
May 9, 2014 | Posted in
Also in the news,
Americas,
Company News,
Equipment News,
Featured,
News by topic,
NEWS category,
Offshore News,
Press releases,
Regional news |
Read More »
Secunda Canada LP, which is 50% owned by Siem Offshore, has entered into an agreement with Hibernia Management and Development Company Ltd and ExxonMobil Canada Properties for the charter of one offshore support vessel, referred to as an AHTS vessel, for a 5-year firm contract, with a total of 15-year options at charterers’ discretion, to […]
May 6, 2014 | Posted in
Also in the news,
Americas,
Company News,
Featured,
News by topic,
NEWS category,
Offshore News,
Press releases,
Regional news,
Shipbuilding,
Shipbuilding News |
Read More »
