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Tagged in JV
Boskalis complete sale of its equity stake in Saam Smit Towage to SAAM for USD 200 million
Royal Boskalis Westminster N.V. (Boskalis) has completed the sale of its equity stake in Saam Smit Towage to SAAM S.A. (SAAM). The intended sale was announced on 11 February 2019. In line with the initial announcement, Boskalis received approximately …
Oct 30, 2019 / Curious
POSH Acquires Full Stake In Pacific Workboats Joint Venture As Part Of Ongoing Business Review
Offshore marine services provider, PACC Offshore Services Holdings Ltd. (POSH), yesterday announced the signing of an agreement with Dolphin Shipping Company Pte Ltd (Dolphin) to acquire the remaining equity stake in their Pacific Workboats Pte Ltd …
Oct 10, 2019 / Curious
Kotug and Horizon Maritime start Kotug Canada
KOTUG International B.V. (KOTUG) and Horizon Maritime Services Ltd (Horizon Maritime) announced earlier today that they have formed ‘KOTUG Canada’, a joint venture company which will offer terminal and harbour towage services across Canada. The joint …
Oct 9, 2019 / Curious
Proman Shipping signs new joint venture with Stena Bulk
Proman Shipping AG and Stena Bulk AB today announces a new Joint Venture partnership. The venture marks an exciting new step for Proman Shipping, which will be the operator and 50-50 owner of two long term time-chartered ships, under the name ‘Proman …
Oct 3, 2019 / Curious
Qatar Petroleum and Shell sign agreement to establish global LNG bunkering venture
Qatar Petroleum and Shell subsidiaries signed a Shareholder Agreement Wednesday (Sep18) to establish a company that would provide global LNG bunkering services.The agreement signed by Qatar Petroleum’s “Wave LNG Solutions” and “Shell Gas & Power …
Sep 19, 2019 / Curious
Vitol and ENH announce the launch of ENH Energy Trading
Vitol and ENH, the National Oil Company of Mozambique, Tuesday (Sep17) announced the launch of ENH Energy Trading, a joint venture commodity trading company. ENH Energy Trading will initially be owned 51% by ENH and 49% by Vitol. It is anticipated …
Sep 19, 2019 / Vessels
MPC Capital and Zeaborn Strengthen Harper Petersen By Combining Their Shipbroking Activities
Formation of a leading commercial containership managerExpansion of competitive shipbroking servicesCommercial management of more than 160 vessels of various sizesHamburg-based Asset and Investment Manager MPC Capital AG (MPC Capital) and …
Sep 18, 2019 / Curious
EXMAR Ship Management and Anglo-Eastern to join forces with new JV
EXMAR Ship Management (EXMAR) and Anglo-Eastern Univan Group (Anglo-Eastern) have announced the formation of a joint venture (“JV”) dedicated to the newbuilding supervision and vessel management of LNG carriers for third-party owners. The joint …
Sep 17, 2019 / Curious
d’Amico International announces the sale of one of the vessels owned by Glenda International Shipping
d’Amico International Shipping S.A. (Borsa Italiana: DIS), an international marine transportation company operating in the product tanker market, announces that GLENDA International Shipping d.a.c.(GIS), a joint venture company with the Glencore …
Aug 19, 2019 / Vessels
Frontline Ltd and Golden Ocean Group Ltd invest in Bunkering Joint Venture with Trafigura
Frontline Ltd. (Frontline) (NYSE and OSE: FRO) and Golden Ocean Group Limited (Golden Ocean) (NASDAQ and OSE: GOGL) earlier today announced that they have entered into a non-binding term sheet agreement with Trafigura Group (Trafigura) to establish a …
Aug 13, 2019 / Curious