Company & People News/C-Suite Interviews
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DP World Wins Another Ruling Against Djibouti over Container Terminal

United Arab Emirates

Dubai-based port and terminal operator DP World has won a further legal hearing against the Government of Djibouti over the Doraleh Container Terminal.The London Court of International Arbitration...

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Damen Poised to Develop Shipbuilding in Bangladesh

Netherlands

Dutch shipbuilder Damen Shipyards Group and Australian-based Gentium Solutions have signed a memorandum of understanding (MoU) with the Ministry of Industry of Bangladesh, seeking to establish and...

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One Sea has appointed Capt Eero Lehtovaara as its new Chairman

Finland

One Sea, the industry alliance which aims to lead the way towards an operating autonomous maritime ecosystem by 2025, has appointed Capt Eero Lehtovaara as its new Chairman. Eero, a Master Mariner and...

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Substantial Investment For Subsea Robotics Company

United Kingdom

Subsea technology firm, Rovco, has announced a £3.9 million Series A investment from Foresight group via the Foresight Williams Technology EIS Fund and Foresight VCTs.The investment was part of a...

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LNG Transfer Acquisition

Sweden

Trelleborg has, through its Industrial Solutions business area, acquired engineering group Signum Technology Ltd and its subsidiary companies Gall Thomson, KLAW LNG, KLAW Products, and Vee Bee...

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Höegh LNG Secures USD 80 Mn Loan

Norway

Norwegian shipowner Höegh LNG Holdings Ltd. has received commitment letters for a revolving credit facility of up to USD 80 million with security in the company’s common units in Höegh LNG Partners...

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TORM Nets USD 496 Mn for Debt Refinancing

Denmark

Danish tanker shipping company TORM has obtained a commitment for a total of USD 496 million from a syndicate of lenders to refinance its debt and bolster its capital structure.The company said the...

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German Navy selects Damen and Blohm + Voss for construction Multi-Purpose Combat Ship MKS180 frigates

Netherlands

The German government has announced its intention to select Damen as the main contractor, together with partners Blohm + Voss and Thales, for supplying at least four Multi-Purpose Combat Ship MKS...

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Damen signs MoU for development of Bangladesh shipbuilding initiative

Netherlands

On 14th January, Gentium and Damen Shipyards Group signed a memorandum of understanding (MoU) with the Ministry of Industry of Bangladesh in Dhaka. Also present at the signing ceremony were...

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BIMCO Names New Secretary General & CEO

Denmark

The world’s largest shipping association BIMCO has appointed David Loosley as its new Secretary-General & CEO with effect from June 2020. Mr. Loosley joins from the Institute of Marine...

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Damen Announces More Technical Seminars In Nigeria For 2020

Nigeria

Shipbuilder aiming to increase knowledge and transfer of skills in support of local industry developmentFollowing the success of the Technical Seminars that it introduced in Nigeria in 2019, Damen...

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SOL Becomes Majority Owner in Scanlog

Sweden

Swedish shipping company Swedish Orient Line (SOL) has become a new majority shareholder in compatriot logistics company Scandinavian Logistics Partners (Scanlog).Until now, the shipping company has...

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The Future Of Mussel Farming: Damen Leads The Way With Zero Emissions Research

Netherlands

Damen Maaskant Shipyards Stellendam coordinating multi-party hybrid and electric propulsion research projectDamen Maaskant Shipyards Stellendam is heading a research project to investigate the...

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Mammoet, ALE Merger Creates Heavy Lift Giant

Netherlands

Dutch provider of engineered heavy lifting and transport Mammoet has completed the acquisition of UK-based counterpart ALE. The businesses will now operate as one company under the Mammoet brand...

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Diana’s Panamax Bulker to Work for Phaethon International

Greece

Greek dry bulk vessel owner and operator Diana Shipping has entered into a time charter contract with Phaethon International Company AG for one of its Panamax dry bulk vessels, the m/v Ismene.As...