This website uses cookies and local storage. By using our services, you agree to our use of cookies and local storage.

CMA CGM to acquire CONTAINERSHIPS, a leader in intra-regional transportation in Northern Europe

CMA CGM to acquire CONTAINERSHIPS, a leader in intra-regional transportation in Northern Europe

CMA CGM strengthens its strategy aimed at densifying its regional network  CMA CGM Group, a leading worldwide shipping Group, announced earlier today the signature of an agreement between CMA CGM and Container …
Jun 20, 2018 /  Curious
MOL to Make Full-scale Move into Subsea Support Vessel Business by Acquiring Stake in AKOFS of Norway

MOL to Make Full-scale Move into Subsea Support Vessel Business by Acquiring Stake in AKOFS of Norway

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL) today announced that MOL and Mitsui & Co., Ltd. have entered into a share purchase agreement to acquire shares in AKOFS Offshore AS, which is owned by Akastor ASA. After in-kind …
Jun 19, 2018 /  Curious
Equinor completes acquisition of 25% interest in Brazil’s Roncador oil field

Equinor completes acquisition of 25% interest in Brazil’s Roncador oil field

Equinor and Petrobras have completed their transaction announced in December 2017, whereby Equinor has acquired a 25% non-operated interest in the Roncador oil field in Brazil’s Campos Basin. This follows all …
Jun 15, 2018 /  Finance
International Seaways Completes Acquisition of Six Modern VLCCs

International Seaways Completes Acquisition of Six Modern VLCCs

Grows Fleet 23% Since Spinoff, Reduces Average Age of Fleet to Under Nine Years and Increases Earnings Power International Seaways, Inc. (NYSE:INSW) (INSW), one of the largest tanker companies worldwide providing energy …
Jun 15, 2018 /  Vessels
Monjasa Acquires Tonnage for Northwest Europe Operations

Monjasa Acquires Tonnage for Northwest Europe Operations

Monjasa acquires the 3,600 DWT tanker, MT Fredericia for continued bunker operation in the English Channel. Leading up to the acquisition, the vessel has been on time charter by Monjasa for several years and the …
Jun 15, 2018 /  Vessels
Navios Maritime Partners L.P. Announces Delivery of One Panamax Vessel

Navios Maritime Partners L.P. Announces Delivery of One Panamax Vessel

Navios Maritime Partners L.P. (Navios Partners) (NYSE:NMM), an international owner and operator of container and dry bulk vessels, announced yesterday that it took delivery of the Navios Altair I, a 2006-built, 74,475 …
Jun 13, 2018 /  Vessels
Ocean Yield announces investment in four 3,800 TEU containerships with long-term charters

Ocean Yield announces investment in four 3,800 TEU containerships with long-term charters

Ocean Yield ASA (Ocean Yield) announced earlier today that the Company has agreed to acquire four 2014 built 3,800 TEU container vessels with 12-year bareboat charters to companies owned and guaranteed by CMB NV (CMB). …
Jun 12, 2018 /  Vessels
Metal Shark acquires the assets of Horizon Shipbuilding

Metal Shark acquires the assets of Horizon Shipbuilding

Following a motion approved by the U.S. Bankruptcy Court Southern District of Alabama on June 5th, 2018, Louisiana-based shipbuilder Metal Shark has acquired the assets of Alabama-based Horizon Shipbuilding. “We …
Jun 12, 2018 /  Curious
Star Bulk Carriers Corp. Announces Songa Shareholders Approval of Vessel Acquisition

Star Bulk Carriers Corp. Announces Songa Shareholders Approval of Vessel Acquisition

Star Bulk Carriers Corp. (Star Bulk) (Nasdaq:SBLK), a global shipping company focusing on transportation of dry bulk cargoes, announced Friday that Songa Bulk ASA (Songa) has informed the Company that 99.73% of the …
Jun 11, 2018 /  Finance
Algoma Central Corporation Announces New NovaAlgoma Cement Carriers Limited Investment

Algoma Central Corporation Announces New NovaAlgoma Cement Carriers Limited Investment

Algoma Central Corporation (Algoma) (TSX: ALC), a leading provider of marine transportation services, yesterday announced that NovaAlgoma Cement Carriers Limited (NACC), has acquired a 25% ownership interest in JT Cement …
Jun 5, 2018 /  Finance