Company & People News/C-Suite Interviews
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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...

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Northleaf Capital Partners Acquires a 90% Stake in Belgium-based Liquid Storage Terminal

Belgium

TORONTO & GHENT, Belgium--(BUSINESS WIRE)--Northleaf Capital Partners (Northleaf) is pleased to announce that funds managed by Northleaf have acquired a 90% stake in Douglas Terminals from...

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Awilco LNG Completes Ship Duo Sale and Leaseback

Norway

Norwegian LNG shipping company Awilco LNG has closed the previously announced 10-year sale/leaseback facility with CCB Financial Leasing (CCBFL) for two of its LNG carriers.As informed, the 156,000...

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Bahri Boosts Presence in India

India

Saudi Arabian transportation company Bahri has extended its shipping network to South India, with one of the company’s roll-on/roll-off (RoRo) vessels making maiden calls at two Indian ports. The...

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Navios Acquisition Acquires Navios Europe Tanker Quintet

Greece

Following the liquidation of Navios Europe I, Monaco-based tanker owner and operator Navios Maritime Acquisition Corporation has taken delivery of five product tankers.The ships in question are MR1...

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Boskalis completes full acquisition of Horizon

Netherlands

Regulus Consultancy has announced that its client, a 37.5% shareholder in Sharjah-based Horizon Group, has agreed to sell its entire equity interest in Horizon to Royal Boskalis...

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Signal Maritime, Heidmar Partner Up on Tanker Management

Greece

Ship manager Signal Maritime Services and tanker operator Heidmar have entered into a partnership for the commercial management of a tanker fleet.Under the agreement, Signal will manage a joint...

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Maersk Tankers Announces Digital Business Spin-Off

Denmark

Maersk Tankers is launching a new standalone digital business with the aim of reducing CO2 emissions and optimizing vessels’ earnings across the tramp shipping industry.The as-yet-unnamed business...

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Antwerp companies merge to form new logistics provider

Belgium

Steelduxx will be a new name in steel logistics at the port of Antwerp, Belgium with effect from 7 January 2020.Steelduxx is the result of a merger between Edmond Van Dyck & Sons and Aneka, which...

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Foundation installation successfully completed at Belgium’s largest offshore wind farm

Belgium

DEME has successfully completed the installation of 58 monopile foundations and two offshore substation foundations at the SeaMade offshore wind farm in the Belgian North Sea. The last monopile...

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Korean Register Names Its New Chairman & CEO

Korea, Democratic People's Republic of

The Korean Register (KR) has appointed Hyung-chul Lee as its 24th Chairman & CEO. Hyung-chul Lee takes the helm at joined KR after over 30 years of service in the classification society, holding...

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Qatar Petroleum, KPC Pen LNG Supply Deal

Kuwait

Qatar Petroleum and Kuwait Petroleum Corporation (KPC) have inked a 15-year sale and purchase agreement for the supply of up to 3 million tons per annum of liquefied natural gas (LNG) to...

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Alpha Adriatic Sells Detained Tanker

Croatia (Hrvatska)

Croatian shipping company Alpha Adriatic, previously known as Uljanik Plovidba, has reached an agreement with an international banking syndicate to sell a detained tanker. Under the agreement signed...

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Hyundai Heavy sets $15.9 billion sales target for 2020

Korea, Democratic People's Republic of

In a sign that some analysts see as pointing to a flat year ahead in world shipbuilding, South Korea’s Hyundai Heavy Industries Group says that its three shipbuilding units have set combined sales...