Trafigura Group PTE Ltd enters into Petrochemical Trading Joint Venture

Trafigura Group PTE Ltd enters into Petrochemical Trading Joint Venture

Trafigura Group Pte Ltd. (Trafigura), one of the world’s leading independent commodity trading companies has entered into a joint venture agreement to create a commodity petrochemical trading business, with a focus …
Apr 19, 2019 /  Curious
FueLNG achieves Singapore’s 100th LNG bunkering operation

FueLNG achieves Singapore’s 100th LNG bunkering operation

FueLNG, a joint venture between Keppel Offshore & Marine Ltd (Keppel O&M) and Shell Eastern Petroleum (Pte) Ltd, has set a new industry milestone for Singapore with the completion of its 100th LNG bunkering …
Apr 15, 2019 /  Curious
Port of Corpus Christi Commission Approves 50-Year Lease Agreement with Carlyle Group Joint Venture

Port of Corpus Christi Commission Approves 50-Year Lease Agreement with Carlyle Group Joint Venture

Harbor Island Terminal Complex Will Have Deepest Channel Depth of Any Onshore Crude Oil Export Facility in the United States The Port of Corpus Christi Commission approved Thursday (Mar28) a long-term (50-year) lease …
Apr 1, 2019 /  Finance
Nakilat expands fleet with four additional LNG carriers, bringing its fleet strength to 74 vessels

Nakilat expands fleet with four additional LNG carriers, bringing its fleet strength to 74 vessels

Nakilat has established a new joint venture (JV), ‘Global Shipping Co. Ltd.’, with shipping company Maran Ventures Inc. (Maran Ventures). Under the agreement, Nakilat will have a 60% stake in the JV while …
Mar 28, 2019 /  Vessels
Vitol to integrate asphalt trading business

Vitol to integrate asphalt trading business

Vitol Monday announced it has agreed to acquire a further 50% of VALT, the bitumen joint-venture it established with Sargeant Marine in 2016. On completion, VALT will be 100% owned by Vitol and will be integrated into …
Mar 19, 2019 /  Curious
Nakilat forms new joint-venture with McDermott for fabrication projects

Nakilat forms new joint-venture with McDermott for fabrication projects

Nakilat has signed an agreement with McDermott to form a joint-venture (JV) company providing offshore and onshore fabrication services in Qatar. The strategic partnership aims at increasing productivity levels at …
Feb 18, 2019 /  Vessels
Boskalis signs deal to sell its equity stake in SAAM SMIT Towage for USD 201 million

Boskalis signs deal to sell its equity stake in SAAM SMIT Towage for USD 201 million

Royal Boskalis Westminster N.V. (Boskalis) has signed an agreement with SAAM S.A. (SAAM) relating to the sale and purchase of the equity stake held by Boskalis in SAAM SMIT Towage. Under the terms of the agreement, the …
Feb 11, 2019 /  Vessels
Seadrill establishes new joint venture with Sonangol, Angola

Seadrill establishes new joint venture with Sonangol, Angola

Seadrill Limited (Seadrill) announced yesterday that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P. (Sonangol). The new joint venture, …
Feb 7, 2019 /  Curious
Grieg Star and Maas Capital establish joint venture

Grieg Star and Maas Capital establish joint venture

Grieg Star and Maas Capital have established a joint venture for ownership of Supramax- and Ultramax vessels. The new company is named GriegMaas AS. The joint venture was established in December 2018. The companies have …
Jan 11, 2019 /  Curious
KOTUG and Petroconsult join forces to establish KOTUG PETRO Maritime (KPM)

KOTUG and Petroconsult join forces to establish KOTUG PETRO Maritime (KPM)

KPM awarded a long-term contract  by Arab Petroleum Pipelines Company SUMED   Leading global towage company KOTUG International BV has signed an agreement with Petroconsult to create a joint venture company …
Nov 13, 2018 /  Curious