Maersk to Pay €3.7 Billion Euros to Acquire German Rival
On Friday, The world's leading container shipping company, Danish Maersk Line, it would pay 3.7 billion euros ($4 billion) for the acquisition of German competitor Hamburg Sud.
Roads clear ahead for acquisition:
The acquisition, already cleared...
First Aluminum Hull Reference for Thordon Seal
Fuller's Fast Cat Korora Provides First Aluminium Hull Reference for Thordon Seal
Fullers Group’s has provided a first reference for Thordon Bearings’ TG100 seal on an aluminum hulled fast ferry.
The New Zealand ferry operator’s new 34.9m...
Two Vessels Suspected of Oil Smuggling Captured
On Friday, Two vessels suspected of smuggling oil have been captured by the Libyan naval forces captured after gun battles lasting several hours west of the capital Tripoli.
What happened?
Ayoub Qassem, a spokesman for the...
World’s Largest Containership
Samsung Heavy Industries Builds World’s Largest Containership with Intergraph Smart® 3D
Samsung Heavy Industries (SHI), one of the world’s leading shipbuilders, has used Intergraph Smart® 3D to design the world’s largest containership for Mitsui O.S.K...
How a CEO Made Millions From a Sinking Ship
When stocks rose after last year’s presidential election, DryShips Inc. left the market far behind. The little-known Greek dry bulk carrier’s epic one-week rally pushed its shares up by 1,500% for no apparent reason,...
Biggest Ship Sets Record Lifting 24,000-tonne Platform
The world's biggest ship has set a new record lifting a 24,000-tonne oil platform.
The Pioneering Spirit heaved the topside of the Brent Delta platform off its support legs on Friday.
The colossal structure will eventually...
Containership Capacity: Owners Hoping it’s the Start of Improved Returns
Idled containership capacity has shrunk by 28% in the past two weeks to 696,000 teu, according to Alphaliner.
And the maritime consultant said it expected the laid-up cellular fleet to dip below 500,000 teu by...
Private Independent Shipowners’ Days Numbered
The best days of the private independent shipowner are over, according to the audience who took part in a poll at maritime conference in Singapore Wednesday.
The poll followed a debate in which six shipping...
MacGregor Divests Woodfield Systems Ltd.
MacGregor, part of Cargotec, sells the majority shares of Woodfield Systems Ltd. Woodfield became part of MacGregor in January 2014, when MacGregor acquired mooring and loading systems unit from Aker Solutions. Woodfield offers onshore...
Baltic Dry Index Down for Seventh-straight Session
Capesize rates have finally turned higher. They snapped a six-session losing streak on Thursday, but the capesize index’s turn higher wasn’t enough to buoy the overall Baltic Dry Index. The BDI fell by 13...