Company & People News/C-Suite Interviews
Article Image

CMES Taking Over Bulkers and LNG Assets from Sinotrans

China

China Merchants Energy Shipping (CMES) has decided to integrate the shipping assets of its subsidiary Sinotrans & CSC Holdings in a transaction worth over RMB 6.57 billion (USD 954 million)....

Article Image

Marubeni, Klaveness Create Giant Panamax Pool Operator

Japan

Japan’s Marubeni Corporation and Norwegian dry bulk operator Klaveness are merging Panamax Pool activities. A jointly owned pool management company, Maruklav Management Inc., will be led by Michael...

Article Image

Croatian DIV Group to Buy Norway’s Kleven Verft

Croatia (Hrvatska)

Croatian DIV Group has agreed with Norwegian expedition cruise operator Hurtigruten to acquire Kleven Verft, a Ulsteinvik-based builder of ferries and offshore support vessels. The agreement is...

Article Image

HMM Sets Sights on 25 Pct Higher Revenue in 2020

Korea, Democratic People's Republic of

Korean shipping giant Hyundai Merchant Marine (HMM) roughly anticipates a 25% improvement in its revenue for 2020, reaping the fruits from the impending deployment of its mega container vessels....

Article Image

AMELS and DAMEN yachts in busy start to 2020 at Dutch yard

Netherlands

In January an impressive line-up of AMELS and DAMEN yachts are capturing local attention on the outfitting quays of Damen Yachting's Vlissingen City yard in the Netherlands, including the hull of a...

Article Image

ROHR-IDRECO is completing the delivery of the DRAGA4030 For HH Van der Velde

Netherlands

ROHR-IDRECO is completing the delivery of the DRAGA4030 for our Dutch customer HH Van der Velde. The vessel will be equipped with an IMP300 pump and boasts a working depth of 40 meters. This Jet...

Article Image

The rise of Valeport manufacturing

United Kingdom

When Charles Quartley bought loss-making British maritime instrumentation manufacturer Valeport in 1985, his first painful decision was to lay off half the workforce. But in 2019, the company...

Article Image

Arcadis Acquires Over Morgen, a Dutch Consultancy

Netherlands

Amsterdam, January 21, 2020 – Arcadis (ARCAD.NX), the leading global Design & Consultancy organization for natural and built assets, today announces that it acquired Over Morgen, a fast-growing...

Article Image

Hybrid Vessel Wins Sustainability Award

United Kingdom

Two maritime companies have won an environmental sustainability award for an offshore hybrid vessel that reduces emissions and improves energy efficiency.Subsea 7 and Eidesvik Offshore were presented...

Article Image

Safe Bulkers Agrees Sale and Leaseback for Eight Ships

Monaco

Monaco-based dry bulk shipping company Safe Bulkers has entered into sale and leaseback agreements with respect to eight vessels.As informed, the aggregate gross proceeds to the company in connection...

Article Image

Van Oord and NYK partnering in offshore wind installation vessels in Japan

Japan

Van Oord and NYK have agreed a Memorandum of Understanding (MoU) to jointly own and operate offshore wind installation vessels under the Japanese flag. The collaboration is using Van Oord’s technical...

Article Image

Hapag-Lloyd Inks Space Charter Deal with Maersk and MSC

Germany

German shipping major Hapag-Lloyd has signed a space charter agreement with the members of the 2M Alliance – Maersk and Mediterranean Shipping Company (MSC).As informed, the space charter deal will...

Article Image

SAAM to Take Majority Stake in Intertug

Chile

Chilean Sociedad Matriz SAAM has signed an agreement with the shareholders of Intertug Investment Holding, a towage services provider operating in Colombia, Mexico and Central America, to acquire 70%...

Article Image

DredgeWire Associate Publisher Heiko Osterchrist Interviews Callan Marine’s President Maxie McGuire

Galveston, TX, United States

DredgeWire Associate Publisher Heiko Osterchrist sat down with Callan Marine’s President, Maxie McGuire during the WEDA Gulf Coast Chapter Conference in Galveston, Tx. for an in-depth exclusive...

Article Image

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...