SUPERIOR, WI – Fraser Industries, a historic maritime company with subsidiaries Fraser Shipyards, Lake Assault Boats, and Northern Engineering, located in Superior, Wisconsin, and Portsmouth, Virginia, has successfully closed a bond financing deal that will pave the way for a sustainable and robust maritime workforce for future generations. Founded in 1890, the company has been… Read More
Leading tanker shipping company Stena Bulk has today announced the successful sale of Stena Blue Sky to an undisclosed Asian buyer. The sale of Stena Blue Sky follows the recent announcement that Stena Bulk had sold two LNG carriers to BW LNG. The successful transfer of Stena Blue Sky has already taken place. The vessel was delivered on April 18th in… Read More
AD Ports Group, the leading facilitator of global trade, logistics, and industry, has announced today that its Ports Cluster is expanding its business remit to the global distribution of marine lubricants.The announcement came following a strategic agreement inked with ADNOC Distribution, the UAE’s leading manufacturer of marine and automotive lubricants.Under the terms of the agreement,… Read More
Hanwha Ocean has reinforced its marine construction business by entering the offshore wind power market and hiring a foreign expert from a global offshore equipment provider, the Korea Times reports citing the shipbuilding company. Earlier this month, Hanwha Ocean decided to acquire the offshore wind power business from Hanwha Corp.’s E&C division and the plant… Read More
DP World has published a Sustainable Development Impact Disclosure (SDID), making it the first company globally to adopt and disclose on its development impact in countries of focus in accordance with the recently released impact disclosure guidance from the Impact Disclosure Taskforce. DP World invites industry participants and practitioners to share their feedback during a… Read More
