Search results for: United Ocean Group

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  • 8 January 2016
    Business & Finance

    Japanese ship owner United Ocean Group (UOG) filed for receivership in Tokyo District Court on December 31st having succumbed to over USD 1bn of debt. The company failed to pay it dues to the creditors, including Mizuho and Tokyo Mitsubishi, due to cash flow deterioration resulting from profit slump as shipping market underwent an economic slowdown. […]

  • 13 March 2017
    Business & Finance

    Hong Kong-based dry bulk owner Pacific Basin Shipping has decided to expand its fleet as it reached an agreement to buy the 32,000 dwt Handy bulker Ocean Harmony, according to data provided by VesselsValue. Ending an 18-month buying drought, the company is reportedly paying USD 9.6 million for the 176-meter-long bulk carrier, owned by Japanese […]

  • 7 March 2017
    Business & Finance

    Japanese shipping company United Ocean Group has reached an agreement to sell its Panamax bulk carrier United Prestige for a price of USD 21.2 million, according to VesselsValue. The 81,900 dwt bulker, which has a market value of USD 20.4 million, was purchased by Greece-based shipowner Alassia Newships Management. United Prestige will become a part of Alassia Newships Management’s fleet of 9 bulk […]

  • 27 June 2017
    Business & Finance

    JP Morgan Global Maritime is said to have set sights on buying the 2012-built Supramax bulk carrier Ocean Symphony. The company allegedly entered into a sub-sale agreement with Japan-based United Ocean Group, according to information provided by VesselsValue. Once the transaction is completed, the 58,100 dwt Ocean Symphony will be bought for USD 15.2 million. Currently, the market […]

  • 25 August 2017
    Business & Finance

    Norway-based bulker owner Songa Bulk is continuing with ship acquisitions as it has entered into an agreement to buy another Kamsarmax. The 81,918 dwt vessel was built at Tsuneishi shipyard in Japan in 2014. As informed, the bulker will be delivered in September 2017. The company intends to establish a wholly owned subsidiary to take delivery of the vessel. The only vessel in […]

  • 12 September 2019
    Business & Finance

    The two competitors will coordinate their activities in Norway.

  • 28 October 2014
    Project & Tenders

    China Ocean Shipbuilding Industry Group’s unit JJUSCL and Jinglian Heavy form a partnership to develop LNG carriers in Joingxi province, China.

  • 9 September 2019
    Business & Finance

    DeepOcean Group is splitting DeepOcean UK into two entities, including DeepOcean Subsea Cables and a new division dedicated to its seabed intervention and trenching business. The company said the split will see the existing Cable Lay and Trenching division (DeepOcean CL&T) divided into a seabed intervention unit under a new brand and subsea cable installation specialist DeepOcean Subsea Cables. […]

  • 22 January 2018
    Business & Finance, Project & Tenders

    Recently, at the New Orleans Workboat Festival in the United States, Damen Shipyards Group signed a contract with Canada-based Group Ocean for the delivery of two Modular Multi Cats 1205. The vessels, which are made of standard, container sized units for easy transportation anywhere in the world, will serve as dredging support vessels on an oil […]

  • 17 September 2019
    Research & Development

    Ocean Networks has formed a new business unit called Submarine Cable Salvage. The new division will serve the research and education community by repurposing out of service (OOS) submarine cable systems for ocean observatories. In addition, the new unit will acquire, repurpose and operate the connected observatories to help monitor the world’s oceans. “Launching this […]

  • 6 June 2014
    Business & Finance, Research & Development

    Member states of the Organisation of Eastern Caribbean States (OECS) have started a Hydrographic Scoping Study aimed at assessing maritime/marine spatial data that exists in the countries. One of the major outcomes will be a report on the status of hydrography and navigational charting in each member state. The OECS Commission’s Oceans Governance Unit is […]

  • 30 November 2012
    Business & Finance

    Petrobras has cancelled the process of contracting five drilling rigs, capable of drilling in up to 3,000 meters of water, with the Ocean Rig Group. This decision is based on the reduction of future needs for drilling, due to a fewer number of wells expected to be drilled in the pre-salt Santos Basin, relating to […]

  • 12 June 2015
    Business & Finance

    Pan Ocean’s rehabilitation plan has been approved by the Seoul Central District Court, following the agreement of more than two thirds of unsecured claims creditors (87.0%) and more than half of shareholders (61.6%), the bulker owner said in a stock exchange filing. The company submitted the revised rehabilitation plan to the court on 21st April 2015, and submitted the […]

  • 16 July 2013
    Research & Development, Technology

    As marine hydrokinetic technologies continue moving from concept to commercial viability, an international panel of experts is convening in Denver, Colo., to discuss this emerging sector of the hydropower industry. With a number of research groups believing hundreds of gigawatts-worth of electricity can be had from ocean-, tidal- and wave-powered generating units, marine energy will […]

  • 12 February 2015
    Business & Finance

    South Korean shipping company Pan Ocean has signed the investment contract with its preferred bidder Harim Group & JKL Consortium today. The consortium, made up by poultry processor Harim and Korean private equity group JKL Partners, is expected to pay up to USD 968 million for the acquisition. The contract signing follows an approval from the relevant Korean bankruptcy court. […]

  • 30 November 2012
    Business & Finance

     Brazil’s state controlled oil company Petrobras, has  cancelled the process of contracting five drilling rigs, capable of drilling in up to 3,000 meters of water, with the Ocean Rig Group. The company said the decision was based on the reduction of future needs for drilling, due to a fewer number of wells expected to be […]

  • 31 August 2015
    Business & Finance, Equipment, Operations & Maintenance

    Australia’s Blue Ocean Monitoring, an operator of autonomous ocean data collection platforms for oil & gas and environmental applications, has opened offices in the United Kingdom and the USA. The United Kingdom office is headed by Keith Wallace who has been appointed General Manager – Europe & the Middle East. The Houston, USA office is headed by […]

  • 11 October 2012
    Business & Finance

      International Shipholding Corporation announced today that it has entered into a definitive agreement to acquire a 100% ownership interest in U.S. United Ocean Services, LLC (“UOS”), a wholly-owned subsidiary of United Maritime Group, LLC (“UMG”), for a total purchase price of approximately $111 million cash, subject to customary closing adjustments. Founded in 1959, UOS […]

  • 16 July 2013
    Research & Development, Technology

    As marine hydrokinetic technologies continue moving from concept to commercial viability, an international panel of experts is convening in Denver, Colo., to discuss this emerging sector of the hydropower industry. With a number of research groups believing hundreds of gigawatts-worth of electricity can be had from ocean-, tidal- and wave-powered generating units, marine energy will […]

  • 26 June 2015

    China Ocean LNG, a unit of China Ocean Shipbuilding Industry Group (COSIG), is buying a 47% stake in state-owned gas Jiangxi Petrochina Kunlun Gas (Jiangxi Gas) for a total of RMB38.4 million (US$6.2m). COSIG said in a filing to the stock exchange that it is beneficial for the company to invest in Jiangxi Gas, which […]

  • 21 July 2015
    Business & Finance

    South Korean bulk shipping company Pan Ocean Co., Ltd. has filed an application for completion of its rehabilitation procedure to Seoul Central District Court. The application comes on the back of the completion of the company’s restructuring process which saw repayment of the claims of creditors and other interested parties, along with the merger with Harim Group & […]

  • 19 March 2007

    Golden Ocean Group Limited (“Golden Ocean” or the “Company”) is pleased to advise that the Company has acquired four plus two optional newbuilding contracts at Pipavav Shipyard in India. The vessels of 75,000 dwt, which will be strengthened for ice trading, will be delivered during 2009 and the agreed purchase price is about $35.5 million […]