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UK's Noel Topco Bought by NYK

Japan's Nippon Yusen Kaisha (NYK) has acquired Noel Topco, a holding company based in the UK that encompasses 10 businesses

UK's Noel Topco Bought by NYK
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Intermarine Welcomed by SAL & Jumbo in Heavy Lift Alliance

Jumbo Shipping and SAL Heavy Lift, a specialist in breakbulk and project cargo, have partnered with Intermarine to create a new joint venture.

Intermarine Welcomed by SAL & Jumbo in Heavy Lift Alliance
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Ocean Alliance Extends Deal for Five More Years

The consortium of container shipping companies known as the Ocean Alliance has decided to prolong their collaboration for an additional 5 years.

Ocean Alliance Extends Deal for Five More Years
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DP World Concession Row Costs Port of Antwerp-Bruges $44m+

The ICSID has ordered the port of Antwerp-Bruges to compensate DP World with €41.3 million ($44.7 million) plus additional costs and Interest.

DP World Concession Row Costs Port of Antwerp-Bruges $44m+
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New Shaper Class Vessels Optioned by Wallenius Willhelmsen

Wallenius Wilhelmsen has exercised options to commission the construction of four more Shaper Class vessels designed for carrying cars and trucks

New Shaper Class Vessels Optioned by Wallenius Willhelmsen
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Saudi Arabia Welcomes New Container Shipping Line

Saudi Arabia sees the inception of a new feeder & short-sea shipping venture aimed at establishing connections between the kingdom & Red Sea ports

Saudi Arabia Welcomes New Container Shipping Line
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Investor Issues in U.S. Hamper CMB’s Euronav Takeover

FourWorld Capital Management, through funds it manages, has lodged a legal challenge in a US District Court against the bid by CMB.

Investor Issues in U.S. Hamper CMB’s Euronav Takeover
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Hede Int. Shipping Added to Controlled Carrier List by FMC

This classification means Hede (HONGKONG) International Shipping Limited will be included on the Commission’s Controlled Carrier List.

Hede Int. Shipping Added to Controlled Carrier List by FMC
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Wartsila's New Ammonia Fuel Supply System Snapped Up by Exmar

Two new medium gas carrier vessels being constructed for Exmar LPG at Hyundai Mipo Dockyard in S. Korea will be equipped with Wärtsiläs’ AFSS.

Wartsila's New Ammonia Fuel Supply System Snapped Up by Exmar
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DP World Chasing Solar Power Opportunity with Masdar

DP World has joined forces with Masdar, AKA Abu Dhabi Future Energy Company, to explore the use of solar energy across DP World's locations.

DP World Chasing Solar Power Opportunity with Masdar
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Developing Nation Energy Trader Convicted of Bribes

Federal jury in U.S. find former trader for Vitol guilty of participating in bribery & money laundering operation aimed at Latin America.

Developing Nation Energy Trader Convicted of Bribes
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Fastest Growing Ship Register Doubles Size in One Month

Last year, Gabon, a nation along the Atlantic coastline of Central Africa, was identified as the shipping registry with the quickest growth.

Fastest Growing Ship Register Doubles Size in One Month
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CMA CGM Increases Offer to Acquire Logistics Co. Wincanton

French shipping giant CMA CGM escalated its bid to acquire Wincanton, a UK logistics company, offering approximately $766 million in cash.

CMA CGM Increases Offer to Acquire Logistics Co. Wincanton
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Sanko Steamship Prepares to Leave Shipping Industry

A prominent figure in the annals of Japanese maritime commerce, Sanko Steamship, is on the verge of halting its shipowning activities.

Sanko Steamship Prepares to Leave Shipping Industry
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PGS Clinches 3D Survey Agreement for Med Oil Gas Exploration

PGS, a seismic company listed on the Oslo stock exchange, has received a 3D project in the Mediterranean from an undisclosed energy company.

PGS Clinches 3D Survey Agreement for Med Oil Gas Exploration