Europe
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DSV makes $4bn move to take over Panalpina
Swiss logistics firm Panalpina has announced that it has received an unsolicited, non-binding proposal from Danish freight forwarder DSV to…
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Frank in no hurry to push ahead with Sovcomflot listing
One of the longest awaited IPOs in the history of shipping is facing further delays. Russian state-owned shipping line Sovcomflot…
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Stena and Hyundai Glovis to form car carrier joint venture
Stena Rederi, a shipping unit of Swedish shipping group Stena AB, and Glovis Europe, Hyundai Glovis’ German subsidiary, have filed…
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Ineos to invest $3.4bn at Port of Antwerp
London-based chemicals company Ineos has chosen Port of Antwerp in Belgium as the location for location for a previously announced…
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Esvagt ERRV pair extended by Equinor
Danish offshore vessel owner Esvagts has been awarded an extension by Equinox for ERRV pair Esvagt Bergen and Esvagt Stavanger.…
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Euronav offloads suezmax tanker for conversion
Belgian tanker owner Euronav has sold its 2009-built 157,700 dwt suezmax tanker to an unnamed global supplier and operator of…
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Marmaras Navigation continues kamsarmax spree
Marmaras Navigation has started the year in the same busy fashion as 2018 with several kamrsamax buys. The Greek bulker…
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Samskip introduces pre-Brexit surcharge
Icelandic containerline Samskip has introduced a pre-Brexit surcharge as the company expects increasing demand for shipping services to the UK.…
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Ensco increases offer for Rowan Companies
Offshore driller Ensco has increased its offer to Rowan Companies shareholders as it looks to finalise a $12bn agreement to…
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Two more tugs deployed to assist Yantian Express
The fire onboard Hapag-Lloyd’s 7,500 teu containership is still burning, and another two tugboats have been deployed to assist with…
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L&T Hydrocarbon and Subsea 7 secure another EPCI order from Saudi Aramco
Indian offshore engineering firm L&T Hydrocarbon Engineering, in consortium with Subsea 7, has been awarded yet another EPCI project by…
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Simpson Spence Young appoints US head of tankers
London-based shipbroking house Simpson Spence Young has announced the appointment of Kevin Wise, former president and CEO of Mjølner Shipping,…
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Grieg Star and Maas Capital join forces to hunt for ultras and supras
Grieg Star and Maas Capital have established a joint venture to buy supramax and ultramax vessels. The new 50:50 company…
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Danish flag enjoys banner growth in 2018
The Danish International Ship Register (DIS) grew by a quarter in 2018, marking it out as the fastest growing flag…
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MSC Zoe cleanup encounters more problems
Stormy weather continues to hamper efforts to clean up boxes from the in the North Sea. A total of 281…
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2020 Bulkers prepares for listing
Tor Olav Trøim’s 2020 Bulkers has put its management team in place and finalised financing for its newbuildings in preparation…
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Wärtsilä appoints new head of Transas
Finnish tech group Wärtsilä has appointed Torsten Buessow as managing director of its Transas business, replacing Frank Coles who quit…
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Dea Capital debuts in the Italian shipping market with $200m worth of non-performing loans
Dea Capital Alternative Funds has announced its debut in the shipping business in Italy, confirming an exclusive report by Splash…
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Hapag-Lloyd details massive cargo damage on fire-ravaged Yantian Express
One week on, the fire that has raged on the 7,500 teu has finally been brought under control. The ship’s…
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Noble puts post-panamax bulker quartet up for sale
Commodity trader Noble Group, fresh from completing its restructuring last month, has placed four post-panamax bulkers up for sale. The…
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