Company & People News/Dredge Mining
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Piraeus Bank, ORIX Corporation to Provide Financing for Greek Maritime Sector

Athens-based Piraeus Bank has entered into a strategic collaboration agreement with ORIX Corporation, a Japan and US-listed company, for the provision of financing solutions to the Greek maritime...

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GTT Acquires Icelandic Smart Shipping Solutions Provider

France

French engineering company Gaztransport & Technigaz (GTT) has acquired 100% of the share capital of Marorka, an Iceland-based company specializing in smart shipping.Marorka designs maritime...

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Fincantieri, Marakeb Team Up on Unmanned Technology

Italy

Italian shipbuilder Fincantieri and the UAE-based autonomous technology provider Marakeb Technologies have signed a memorandum of understanding (MOU) in an effort to explore global collaboration...

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Clarkson Acquires Spanish Shiproker Martankers

United Kingdom

Clarkson Overseas Shipbroking, part of UK shipping services provider Clarksons, has acquired 100% of the issued share capital of Spanish shipbroker Martankers.Founded in 1989, Martankers specializes...

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Hunter Nets USD 220 Mln Loan to Finance VLCC Newbuilds

Norway

Hunter Tankers AS, a wholly-owned subsidiary of Hunter Group ASA, has signed a binding agreement for a USD 220 million loan facility.The loan has been secured by a syndicate of banks consisting of...

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Virtual Training Becomes Reality For Royal Netherlands Navy

Netherlands

Technical students from the Royal Netherlands Navy can now make virtual acquaintance with naval ships. They do this with a Virtual Reality (VR) programme that Damen Schelde Naval Shipbuilding...

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MOL, DSME Join Forces on Cutting FSRUs’ Environmental Impact

Japan

Japanese shipping major Mitsui O.S.K. Lines has entered into an agreement with Korean shipbuilder Daewoo Shipbuilding & Marine Engineering to jointly develop a new technology to reduce...

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Diana Shipping’s 2nd Vessel Sale Falls Through

Greece

Dry bulk vessel owner Diana Shipping received a cancellation notice for the sale of its 2002-built Capesize vessel Norfolk, the company said.Diana said the buyers decided to cancel the contract due to...

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Maersk Posts Higher Earnings in 2019, Expects Weak Start of 2020 amid Coronavirus Outbreak

Denmark

Despite weak market conditions and slow container growth of 1.4 percent, Danish shipping heavyweight A.P. Moller – Maersk managed to improve earnings and free cash flow in 2019.The company’s...

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Maersk Buying Performance Team in USD 545 Mln Deal

Denmark

A.P. Moller – Marsk is bolsterings its logistics and services with the acquisition of Performance Team, a US-based warehousing and distribution company.The value of the transaction is USD 545...

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Royal IHC Completes DFS Metallurgical Test Work For Nordic Mining’s Engebø Rutile And Garnet Project

Netherlands

Royal IHC has completed the metallurgical test work for Nordic Mining ASA (“Nordic Mining”) definitive feasibility study (“DFS”) for the Engebø Rutile and Garnet Project. IHC’s metallurgical test...

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AMELS and DAMEN launched 62.5-metre yacht

Netherlands

Yesterday the 62.5-metre AMELS 206 rolled out into brilliant sunshine, the first spring launch of the year for Dutch yacht builder AMELS and DAMEN. The yacht, from the AMELS Limited Editions range,...

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Tomini Shipping Registers on Norwegian OTC

United Arab Emirates

UAE-based ship owner and manager Tomini Shipping has registered on the Norwegian over-the-counter (OTC) market in Oslo. As informed, Tomini has entered into an agreement whereby it will be able to...

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DP World Returns to Full State Ownership, Takes on $8.1 Billion Debt

United Arab Emirates

DUBAI — Dubai is to take full control of port operator DP World in a deal with a $13.9 billion valuation that will help the company at the center of the emirate's 2009 debt crisis to repay...

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EIB signs loan agreement to support upgrade of Swedish port

Sweden

The European Investment Bank (EIB) has announced that it has signed a SEK445 million (€41.75 million) loan agreement with the Municipality of Ystad, Sweden.The Swedish town’s port is an important...