Green Marine
Statoil and Litgas Form LNG Bunkering Joint Venture
Norwegian oil and gas major Statoil and Lithuanian natural gas supply and trading company Litgas have signed a memorandum of understanding (MoU) to establish a joint venture company which would provide small scale LNG bunkering services through the Klaipeda LNG terminal. The new joint venture compan
Statoil and Litgas Form LNG Bunkering Joint Venture
Norwegian oil and gas major Statoil and Lithuanian natural gas supply and trading company Litgas have signed a memorandum of understanding (MoU) to establish a joint venture company which would provide small scale LNG bunkering services through the Klaipeda LNG terminal. The new joint venture compan
SCOP Seafrance Rejects DFDS Offer
Copenhagen-based shipping and logistics company DFDS said that its offer to the administrators of the MyFerryLink co-operative known as SCOP Seafrance for the acquisition of a part of SCOP Seafrance including 202 staff has been rejected. The offer was given following discussions with all stakeholder
SCOP Seafrance Rejects DFDS Offer
Copenhagen-based shipping and logistics company DFDS said that its offer to the administrators of the MyFerryLink co-operative known as SCOP Seafrance for the acquisition of a part of SCOP Seafrance including 202 staff has been rejected. The offer was given following discussions with all stakeholder
Port of Gothenburg Ushers In LNG Bunkering
Ships running on liquefied natural gas (LNG) are going to be able to bunker this environmentally-friendly fuel at the Port of Gothenburg, as new regulations for LNG bunkering have been introduced by the Gothenburg Port Authority in collaboration with the Port of Rotterdam and the Swedish Transport A
Port of Gothenburg Ushers In LNG Bunkering
Ships running on liquefied natural gas (LNG) are going to be able to bunker this environmentally-friendly fuel at the Port of Gothenburg, as new regulations for LNG bunkering have been introduced by the Gothenburg Port Authority in collaboration with the Port of Rotterdam and the Swedish Transport A
Box Ships Secures Loan Extension
Greece-based container shipping company Box Ships Inc. has agreed with ABN AMRO Bank N.V. to extend for two years the secured loan facility dated June 27, 2012, which was originally scheduled to mature in July 2015. Following this extension, the balloon amount of USD 10 million is repayable in 8 equ
Box Ships Secures Loan Extension
Greece-based container shipping company Box Ships Inc. has agreed with ABN AMRO Bank N.V. to extend for two years the secured loan facility dated June 27, 2012, which was originally scheduled to mature in July 2015. Following this extension, the balloon amount of USD 10 million is repayable in 8 equ
Stolt-Nielsen Squeezes Higher Profit out of Falling Revenue
Oslo-listed Stolt-Nielsen Limited reported USD 42.5 million net profit for the second quarter ended May 31, 2015, a 36% increase compared to USD 31.2 million net profit the company had recorded in the second quarter of 2014, driven largely by the company’s tanker segment – Stolt Tankers. Stolt Tanke
Stolt-Nielsen Squeezes Higher Profit out of Falling Revenue
Oslo-listed Stolt-Nielsen Limited reported USD 42.5 million net profit for the second quarter ended May 31, 2015, a 36% increase compared to USD 31.2 million net profit the company had recorded in the second quarter of 2014, driven largely by the company’s tanker segment – Stolt Tankers. Stolt Tanke
Gallery: CMA CGM in USD 1bn Deal with CEXIM
French liner giant CMA CGM and the Export-Import Bank of China (CEXIM) has signed a framework agreement on financing solutions for a total of up to USD 1 billion in the form of loans and/or export credit insurance today during the Chinese Prime Minister Li Keqiang’s visit to CMA CGM’s head office. T
Gallery: CMA CGM in USD 1bn Deal with CEXIM
French liner giant CMA CGM and the Export-Import Bank of China (CEXIM) has signed a framework agreement on financing solutions for a total of up to USD 1 billion in the form of loans and/or export credit insurance today during the Chinese Prime Minister Li Keqiang’s visit to CMA CGM’s head office. T
Skaugen Exits Lightering Scene
Oslo-headquartered gas carrier owner and operator I.M. Skaugen has agreed to sell all of its 50% economic interests in its lightering joint venture SPT to Teekay Shipping Corporation. Following the transaction, Teekay will have a 100% control of STP. Skaugen will also by this series of transactions
Skaugen Exits Lightering Scene
Oslo-headquartered gas carrier owner and operator I.M. Skaugen has agreed to sell all of its 50% economic interests in its lightering joint venture SPT to Teekay Shipping Corporation. Following the transaction, Teekay will have a 100% control of STP. Skaugen will also by this series of transactions