Singapore-based owner Berge Bulk has revealed a considerable ownership of stock in the US dry bulk player Genco Shipping & Trading. A filing to the US Securities and Exchange Commission showed that Berge Bulk’s vehicle Kibo Investment had picked up 3.13m shares in Genco, corresponding to a 7.3% stake. The stock buy-up in the New… Read More
Lars Christian Skarsgård has resigned as CEO of Belships after six years in charge of the Norwegian dry bulk company. The decision comes after US asset management firm EnTrust Global completed its takeover of Belships, delisting it from the Oslo Bors, and shuffling the board of directors. The new chairman of the board, Ivar Hansson… Read More
OCP Group’s Specialty Products & Solutions (SPS) unit and Maersk have signed a global Memorandum of Understanding (MoU) to strengthen their long-standing partnership and advance innovative, sustainable supply chain solutions. The agreement covers ocean and inland transportation, logistics services, supply chain management, education, and sustainability initiatives. The collaboration focuses on several strategic areas: Ocean and logistics services: Enhancing… Read More
HII (NYSE: HII) and HD Hyundai Heavy Industries (HHI) signed a memorandum of understanding on Monday at the Sea Air Space expo in National Harbor, Maryland, seeking to boost collaboration on military and commercial shipbuilding. The agreement between HII, America’s largest military shipbuilder, and HHI represents a concrete step toward strengthening the maritime industrial base… Read More
International regulators on Friday condemned a seabed mining company’s move to circumvent their authority by seeking the Trump administration’s approval to extract critical minerals from untouched ocean ecosystems. The Metals Company (TMC) on Thursday said it had initiated a process to obtain a US government license to mine metals used in green technologies from a region of the Pacific Ocean controlled by… Read More
