Danish transport and logistics group A.P. Moller – Maersk has decided to list Maersk Drilling as a standalone company on Nasdaq Copenhagen in 2019 in an effort to focus on transport and logistics. Having…
Crude oil tanker owner DHT Holdings has reached agreements to exchange existing convertible notes due 2019. Namely, the company entered into separate, privately negotiated exchange deals with certain holders of its outstanding 4.5% convertible senior…
Switzerland-based Mediterranean Shipping Company (MSC) plans to resume its Maple service, which will sail from Yantian, China and include Vancouver, Canada in its full rotation, starting from October 28, 2016. “Maple is an exclusive…
Miami-based cruise ship company Carnival Cruise Line has signed an agreement under which it would nearly triple the size of the Long Beach Cruise Terminal facility from 66,000 square feet to 142,000 square feet to…
Italian shipping company Grandi Navi Veloci (GNV) has opened a new route from Italy’s Palermo to Marsaxlokk ro-ro terminal, in Malta. The new freight service will connect Malta with the ports of Genoa, Civitavecchia,…
Golar Power, a join venture companybetween LNG shipping firm Golar LNG Limited and private equity firm Stonepeak Infrastructure Partners, has secured a long-term charter deal for the Floating Storage and Regasification Unit (FSRU) Golar Nanook. The contract for the 25-year…
The cross-industry coalition SEA\LNG has highlighted the ability of the liquefied natural gas (LNG) sector to meet the future emissions requirements of the global shipping industry ahead of the 70th Session of the…
The current crisis in the dry bulk shipping sector could have a wider impact with effects on other major sectors of shipping such as tankers and containers, according to BIMCO’s latest report. Looking at…
Established in 2005, the group has grown to over 30 people and has completed 900 projects
The last three months have been some of the worst the multipurpose and project carrier sector has endured as the breakbulk and project cargo sector remained weak, with little suggestion that volumes will improve significantly…