Business & Finance
Frontline Raises Cash to Finance Ten Trafigura Suezmaxes
Frontline signs a USD 544 million sale-and-leaseback agreement with China’s ICBCL.
River Hamble Dredging Almost Done
ML Dredging is about to complete a two phase maintenance dredging campaign to re-establish previous operational depths at Hamble Yacht Services. According to the company, phase one was undertaken by the backhoe dredger ‘Witton II’ with a combination of the split hopper barges ‘Split Two’ and ‘Split
Diamond S Kicks Off USD 50 Mln Share Repurchase Program
Diamond S Shipping Inc. to initiate a share repurchase program of up to USD 50 million.
Coronavirus Outbreak Affects Saga’s Cruise, Tour Businesses
Saga’s cruise and tour businesses have experienced an increase in cancellations due to the coronavirus.
Yilport Wraps Up Taranto Container Terminal Takeover
Turkish Yilport Holding officially takes over Taranto Container Terminal under a 49-year concession.
WFS Technologies Enters New Stage with Peter Sharpe at Helm
Scottish subsea wireless and digitalisation expert WFS Technologies has appointed Peter Sharpe as interim CEO as it embarks on a transformation programme to manage its business expansion. Sharpe, formerly a non-executive director of WFS, is taking over from Brendan Hyland who is stepping down after
Midwest Senators Introduce Missouri River Legislation
U.S. Senator Jerry Moran has introduced legislation with Senators Roy Blunt, Joni Ernst, Deb Fischer, Chuck Grassley, Josh Hawley, Pat Roberts and Ben Sasse to overhaul the U.S. Army Corps of Engineers’ process for managing water resources projects along the lower Missouri River system. The Lower Mi
Babcock to provide helicopter transport for three major North Sea operators
Babcock’s Offshore business has secured a new five-year shared contract with three oil and gas operators for helicopter transport in the northern North Sea.
Seanergy Secures USD 30.6 Mln in Refinancing
Seanergy Maritime Holdings has received a refinancing commitment from one of its existing lenders.
Funding Opportunity for America Marine Highway Program
The U.S. Department of Transportation’s Maritime Administration yesterday announced the availability of $9.5 million in grant funding for the America’s Marine Highway Program (AMHP). “Marine highways are an efficient and cost-effective option for moving freight and passengers in America,” said Trans
Karlshamn Expansion Plan Includes Dredging
The Port of Karlshamn in southeast Sweden has received a clearance from the Environmental Court to launch a new expansion project, the port announced today. The development program will include a completely new RoRo berth with adjustable ramp for 230 meter long ferries, widening of RoRo berth no. 2
Euronav Buying 4th Scrubber-Fitted VLCC Newbuild
Euronav has entered into an agreement for the acquisition of one VLCC newbuilding contract through a resale.
UECC, GoodFuels to Test Biofuel on RoRo Vessel
The trial marks the world’s first use of marine biofuel in the RoRo segment.
Chemical Tanker Minerva Virgo Attacked off Benin
Chemical tanker MT Minerva Virgo was boarded by a group of pirates.